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Finding the right adviser
There are plenty of able financial advisers with
whom you could be comfortable. You may ask for recommendations
from family, friends, and other professionals you work with and
interview a number of the people whose names you receive.
As you consider potential advisers, don't
hesitate to ask: |
| How long they've been advisers |
| How many clients similar to you they work with |
| How much money they handle |
| Their clients' average portfolio value |
| Their fee structure and any other account expenses |
| Their approach to financial planning |
| Their process for identifying the investment managers they recommend |
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A matter of regulation
Financial advisers who manage more than $25 million
in assets are required to file a Form ADV with the Securities
and Exchange Commission (SEC).
The Form ADV includes
information about their operations, discloses any problems with
regulators (such as the SEC and FINRA)
or clients, and describes their services, fees, and approach to
financial planning. The Form ADV is not a riveting read, but it's
a smart idea to go through it for any adviser you're seriously
considering working with. |
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