Do you ever wonder if your interests are properly represented by your investment advisor?
Consider the following to determine whether your current advisor is aligned with your interests and provides objective advice:
- Is the model of compensation of your advisor commission based?
- Is your advisor compensated by third parties when selling a product or service?
- Are the products allocated to your portfolio proprietary?
- Do you have full disclosure of the total costs of managing your wealth?
- Is your current advisor affiliated with a financial institution that distributes products on behalf of other business units?
- Does your financial advisor periodically disclose the liquidity features of the products in your portfolio?
- Does your advisor implement best execution practices when buying and selling securities?
- Does the firm managing your wealth quantify risk?
