Monday, March 05, 2007
Asking Questions Essential In Choosing Financial Adviser
How can you be sure your financial adviser will be on your side?
There are two truths to remember, said Sheryl Garrett, head of an international network of financial advisers, the Garrett Planning Network. First, "nobody will watch out for your backside." And, "everyone wants to part you from your money."
Her "trust-no-one-until-they-earn-it" attitude leads to a few questions you should ask a financial adviser:
How and how much are you paid? Advisers are compensated either through a fee paid by you or a commission paid by a company for selling its product, such as an insurance policy. Or the adviser can receive a combination of fees and commissions.
Asking Questions Essential In Choosing Financial Adviser
Source: Chicago Tribune
There are two truths to remember, said Sheryl Garrett, head of an international network of financial advisers, the Garrett Planning Network. First, "nobody will watch out for your backside." And, "everyone wants to part you from your money."
Her "trust-no-one-until-they-earn-it" attitude leads to a few questions you should ask a financial adviser:
How and how much are you paid? Advisers are compensated either through a fee paid by you or a commission paid by a company for selling its product, such as an insurance policy. Or the adviser can receive a combination of fees and commissions.
Asking Questions Essential In Choosing Financial Adviser
Source: Chicago Tribune
Permalink posted by armandn @ 7:41 AM 
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