Our Wealth Advisers are all professionals with the right skills to help you take control of your life. However, we understand that finding an adviser that you are comfortable with is an important part of the process. Here are some things for you to consider when choosing an adviser:
The advisers' credentials and experience
Do a little homework into the various types of financial adviser credentials such as the Certified Financial Planner Board of Standards and the Financial Planning Association for additional information.
What the adviser asks about you
An adviser needs to ask you many questions in order to get to know you and to understand your needs. The adviser should ask questions about your finances, financial objectives, goals and risk tolerance.
What you ask the financial adviser?
What you ask and how the financial adviser answers will provide you with some insight into how they will handle your finances. For example:
How will you help me plan to achieve my goals?
The answer may not be a once-off plan or quick fix solution. Generally, it should be a long-term strategy that identifies incremental steps to help you move toward your goals.
How will you help me track my progress?
The adviser should be ready to help you measure your progress over time with regular meetings, statements and tools.
What happens if my goals change?
Your plan should be flexible enough to adjust to new needs and goals, a dynamic economy and your own life changes.
How can you help me protect what's important?
The adviser should be able to provide insurance solutions to protect existing and future assets, and to protect your loved ones.
How will we work together in the future?
Financial planning is an ongoing process — you should have a long-term relationship with your Liberty financial adviser and Liberty over time.
Assess the adviser and make your decision
Assess your meeting based on the things that are important to you. Some of these may include whether the adviser has worked previously with people like you; how often the adviser plans to contact you and how; or whether the adviser seemed genuinely interested in you, your family and your goals. Remember, however, that you may not always work with the same adviser over an extended period of time.