Broker Check

6 Questions To Ask Your Financial Advisor

1. What are their designations? The "gold standard" is the CFP® designation, held by both Nicholas Deneault, CFP® and Harry Greyard, CFP®. CFP® professionals are always held to a "fiduciary" standard.

2. How much experience do they have? A solo advisor with little experience might not know what they're doing, especially since the barriers to enter the profession are weak.

3. When will they retire? An older solo advisor with a ton of experience might be near the end of their career. Taking a team approach gives us the best of both worlds, experience and longevity.

4. Do they have any misconduct records? You can check this on the FINRA BrokerCheck website: https://brokercheck.finra.org/

5. Do they do financial planning or just investment management? Most advisors will say they do financial planning, but they don't. CFP® professionals are much more likely to do planning, but they don't always. If they only talk about your investments/insurance, and not your goals, taxes, estate planning, etc, they probably don't do planning.

6. Are they independent? Some advisors work for banks or insurance companies. Often times, they are limited (or compensated differently) with their own employer's products. Independent advisors are typically able to shop around and find what's best for you, not them.


Financial advice is not a commodity. Every advisor will provide wildly different levels of service, have different knowledge skillsets, and have different credentials.

It's important to work with someone who knows what they're doing, does a good job, and puts your interests first.

What Is a CERTIFIED FINANCIAL PLANNER™ Professional?

What Is a CERTIFIED FINANCIAL PLANNER™ Professional?

A CERTIFIED FINANCIAL PLANNER™ professional or a CFP® practitioner is a financial professional who meets the requirements established by the Certified Financial Planner Board of Standards, Inc.

While others may call themselves financial planners, only those who demonstrate the requisite experience, education, and ethical standards are awarded the CFP® mark.

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