Once I read Ed Mahaffy’s book titled “How To Select A Financial Advisor: The Least You Should Know”, interviewed him, reviewed his video library, I knew we had the right person for this special financial planning series. On Fridays, TaxConnections presents questions often asked of a Financial Planner.
Kat Jennings, TaxConnections, CEO
Ask Ed: Financial Planning Questions And Answers
Question: Are you currently engaged in any other business, either as a sole proprietor, partner, officer, employee, trustee, agent or otherwise?
Answer: By knowing what other business ventures a financial advisor is involved in you will better understand if there are any conflicts of interest with regard to the advice that you may receive. This is especially important if the advisor is involved with an investment-related entity. Ask for a detailed account of how that relationship will impact the advice he/she will provide you.
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