What Should You Look for When Choosing a New Advisor

Every book and magazine has lists and steps you should go through when you are looking to hire or change advisors. These offer great first steps when you begin your search.

Just like when you are choosing a new babysitter for your child or grandchild, you need to interview each prospective new advisor. You have questions; you listen closely to their answers, and are sure you UNDERSTOOD those answers. You trust the babysitter for your child's well being, you also need to trust your advisor for your wealth's well being.

Another way to look at the process is like a job interview. If you were hiring someone for your company, you would ask a majority of the questions. However, when people hire an advisor, they allow the advisor to do most of the talking. In reality it should be the other way around.

Again, be sure to ask plenty of questions and get the answers that make sense to you.

To hear the Smart Money Radio Show segment focused on this topic, Please Click Here! (about 7 minutes long)


To hear the full Smart Money Radio Show where Bruce discusses this topic and more, Please Click Here! (about 25 minutes long)