What information does a financial advisor need?

Your most recent financial statements, including retirement and nonretirement accounts, health savings accounts and certificates of deposit. Life insurance and annuity policy documents.

How do you evaluate financial advisor performance?

How To Evaluate Your Financial Advisor

1. Learn exactly what you are paying.
2. Discuss fee transparency.
3. Understand your investment costs.
4. Determine whether your advisor is a fiduciary.
5. Get a list of the services you should be receiving.
6. Check your advisor’s background.
7. Make sure you are getting leading-edge advice.

What are the responsibilities of a financial advisor?

Personal financial advisors assess the financial needs of individuals and help them with decisions on investments (such as stocks and bonds), tax laws, and insurance. Advisors help clients plan for short- and long-term goals, such as meeting education expenses and saving for retirement through investments.

Why is trust important for financial advisor?

In financial planning, client trust has been found to be the most important factor for relationship quality (Hunt, Brimble and Freudenberg, 2011), and financial planners have a tendency to report the level of clients’ trust in them as higher than that reported by their clients (Hunt et al, 2011; Cull, 2015).

Why is it important to trust your financial planner?

Clients seem to care as much about their relationships and perceptions of their financial advisor as much as financial performance. Earning trust and then maintaining it is a key skill that financial advisors need to acquire in addition to market savvy and good advice.

How do you research a financial advisor?

An easy way to check out an investment professional is to use the free search tool available on Investor.gov, which will direct you to the SEC’s Investment Adviser Public Disclosure website (IAPD website). You can also visit the IAPD website directly, FINRA’s BrokerCheck program, and/or your state securities regulator.