Some decisions in life (like choosing a grocery store) do not require a great deal of thought. These choices are relatively minor, and typically a product of convenience. On the other hand, some decisions (like doing business with a new business or firm) are much more substantial, involve in-depth analysis, and a level of mutual trust. That’s because unlike a grocery store, your financial advisor selection can and should have a meaningful impact on the results you want to achieve.
So, how do you know if an advisor team has your best interests at heart?
There are a number of items to consider when approaching this question. Below, we’ve outlined the four most important considerations to help you select and evaluate a financial advisory relationship, and questions to determine whether it aligns with you and your best interest.