Ask Ed: Financial Planning Questions And Answers (Complimentary Gift Book With This Post)

Ask Ed: Financial Planning Questions And Answers

Ask Ed:  Financial Planning Questions And Answers

These are questions you should ask any financial advisor you are working with or considering retaining to handle your money. These questions and answers can be found in a valuable book written by Ed Mahaffy titled “How To Select A Financial Advisor: The Least You Should Know”. At the bottom of this post you can request a complimentary copy to download this 170 Page book as our gift to you. It is a valuable book we recommend EVERYONE READ!

Question: Is your firm a Registered Investment Advisor(RIA), a broker-dealer or both?

Answer: NAPFA believes that any financial advisor offering comprehensive financial planning services should be registered as an investment advisor with either the Securities and Exchange Commission(SEC) or with the state regulatory agency within the advisor’s state. Information pertaining to both SEC Registered Investment Advisors (and the vast majority of state registered investment advisors) is set forth on Part I of the advisors Form ADV(see www.sec.gov). Unlike other investment professionals, only Registered Investment Advisors owe a fiduciary duty under law to their clients. Employees of broker-dealers do not owe the same duty of client care.

Question: How long have you been offering financial planning services?

Answer: There are more than 100 certifications or designations financial advisors can obtain, but they cover a wide range in terms of education, experience and ethics requirements. Make sure your advisors credentials indicate a broad-based education in financial planning topics and a requirement to put the interests of the client first.

Question: Will you provide me with references from other professionals?

Answer: The financial advisor should be willing to share the name of another financial professional with whom he/she has worked. From this other financial professional, you might be able to learn more about your prospective advisor’s abilities and strategies for recommending prudent courses of action. Privacy laws severely limit an advisor’s ability to share client information.

A Gift For You!  Request Your Complimentary Copy Of This Book: How To Select A Financial Advisor: The Least You Should Know

View Ed Mahaffy Professional Profile.

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Our approach is cost-effective and tax-efficient. As an independent investment advisor, we can offer you a personalized financial strategy, not a generic investment program. Your individual portfolio will be based on your unique situation, your values, your preferences and your goals. It will be designed to account for change, in the markets and in your circumstances.

As your professional partner, we’ll work hard to earn your trust and confidence, and provide the advice and service you deserve. Send me a note regarding any questions you may have about any particular investment concepts or products. We’ll get back to you quickly with a thoughtful answer.

Request A Copy of “How To Select A Financial Advisor” at

https://www.clientfirstwm.com/download-my-book

You can reach me directly at ed@clientfirstwm.com or call 501.603.0406

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