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Questions You Should Ask Your Financial Advisor Regularly

Questions You Should Ask Your Financial Advisor Regularly

| July 13, 2021
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Many individuals struggle to know how to find the right financial advisor for their needs. However, once they round up a list of screening questions and find an advisor that they pair well with, they forget to ask additional questions periodically to keep track of their financial situation. 

Even once you’ve found a financial advisor who fits your needs, understands your goals, and is committed to keeping your best interest in mind, there are still questions you should ask regularly in order to keep yourself informed on your financial progress. This is also a good time to work on developing your own financial knowledge. 

The next time you meet with your advisor, come prepared with questions that can help you get the most out of your meeting and your money. The following questions are a good place to start if you’re unsure what to ask.

H2: Are My Investments on Track to Hitting My Goals? 

No one wants to hear that their goals aren’t on track, but if they’re not then it’s important to find out sooner rather than later. Finding this out early on can give you time to make adjustments and find a better method to reaching your goals.

Likewise, if you’re investments are on track to hitting set goals, you can always discuss what you can do to achieve those goals quicker. 

H2: What Can I Do To Prepare for Taxes? 

Thinking about taxes only when they roll around at the beginning of the year just might be losing you money. Talk with your advisor about strategies you can implement throughout the year that can potentially save you money when filing your taxes. 

H2: Will You Help Me Understand This Concept? 

Despite not being a financial expert, you can still become financially literate by learning different concepts and asking questions when you don’t understand something. While this most likely won’t eliminate your need for an advisor, it can help you make more informed decisions, avoid poor financial decisions, and build stronger trust with your financial advisor.  

H2: Should My Financial Goals Change Based on Life Changes? How? 

Life is constantly changing in both large and small ways. When large changes happen in your life — getting married, having kids, buying a home, to name a few — it’s a good idea to ask your advisor if your goals should change with them. 

More than likely, your advisor will have the answers to questions you don’t think to ask. Many advisors will also keep you updated on financial matters, however, it’s still a good idea to come to your meetings with things you’d like to ask. This will help you get the most of your meeting and give you a chance to make the most informed decisions possible.  


Look through the visual below for more questions to ask your financial advisor.

https://www.annuity.org/financial-literacy/financial-advisor-questions/

1. Annuity.org (2021, June 25). Edited by Kim Borwick

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