A Worksheet Approach to Selecting a Financial Planner | AAII: The American Association of Individual Investors

Our Comment by J. David Lewis – I have subscribed to AAII and known Michael Leonitti by reputation since the formation of Resource Advisory Services.  The paragraph I have quoted from this article is exceptionally important to forming a financial advisor relationship.  The article and worksheets should help you find the advisor that best fits your needs.  

by Michael Leonetti

“In addition to the various questions outlined, you should monitor and observe the financial advisers questioning technique when obtaining initial data from you. While financial data is needed, there should be a greater amount of questioning centered around your goals and objectives. Questioning centered in this area shows evidence that the adviser is truly concerned with helping you achieve these goals and would most likely have a greater concern with your satisfaction through the achievement of your objectives. If the questioning centers mostly on financial items and, more specifically, on a specific financial area such as your insurance programs or investments, you may have an adviser who is more concerned with doing work in these particular areas.”

Read the article via A Worksheet Approach to Selecting a Financial Planner | AAII: The American Association of Individual Investors.

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J. David Lewis founded Resource Advisory Services in 1985.  National Association of Personal Financial Advisors (NAPFA) was formed only a few years before. Lewis became a NAPFA-Registered Financial Advisor in 1986.  He is a passionate advocate for fiduciary, fee-only financial planning and has been associated with financial services since childhood in a banking family.  Contact him using david.lewis@resourceadv.com.

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