Scott Thomas, ChFC®, CAP®, CKA®, RICP®

Questions To Ask

Questions To Ask

Questions to Ask a Financial Planner:

  • Do you do comprehensive financial planning?
  • Do you work for an insurance company, investment company, or a broker-dealer that manufactures insurance or investment products?
  • Are you compensated by fees, commissions, or both? If fee, do you charge a flat fee or an hourly rate? If commission, does that offset the fees?
  • What is your process and how many times will we meet?
  • How many clients do you have?
  • Do you think it is good to pay off my house by retirement?

Questions to Ask an Investment Advisor or Consultant:

  • What is your experience with investing?
  • What professional certifications do you hold?
  • How are you compensated? Fees? Commissions? A combination of fees and commissions?
  • What is your investment philosophy?
  • Once you have invested client assets, how do you monitor investment performance?
  • How do you integrate a biblical world-view into your investment philosophy?
  • How do you determine whether or not a client should be investing, and what is your process for selecting the most appropriate investment options?
  • How often do your clients get statements of their investment holdings?
  • Where are your clients’ investments held? A brokerage firm? A mutual fund? Which one?
  • If a brokerage firm or mutual fund holds your clients’ investments, does the brokerage firm or fund charge separate fees for this?
  • How often do you report performance to your clients?
  • What type of investments do you use ? Load or no-load mutual funds? Stocks? Bonds Annnuities?
  • Do you consider the impact of income taxes on investments choices made for a client?
  • How and how often do you communicate with your clients? Phone? Live? Mail? Email? Newsletters?
  • Do you provide other financial services beyond investments? What are those services?
Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck