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Expert Help

Whether you’re a new client or you’ve been working with your financial professional for many years, you want to get the most out of the relationship. That means sharing as much information as possible about your finances and your investment goals. It also means being open to recommendations.

Three people looking at a computer focused.

Before you sit down with your adviser — for the first time or the fiftieth — think about what you want to accomplish. Then, come to the meeting armed with all the necessary financial data and an open mind.

Time to tell all

Coming up with an effective financial plan means that your advisor needs to know everything about your finances. Be willing to share all your financial information — income, loans, debts, savings, and investments. Before your visit, gather receipts, bank statements, brokerage and retirement account statements, and your last pay stubs for the year. Your last year’s income-tax return may be helpful, as well.

Bring your spouse

If you’re married, both you and your spouse should meet with your financial professional. And both of you should be forthcoming about your goals and expectations so your advisor can make appropriate recommendations. It’s a good idea for you and your spouse to discuss financial issues before you go to the meeting.

Be willing to take advice

You can talk with your financial professional all you want, but if you’re not willing to implement recommendations, you’re wasting time and money. Remember that your advisor is suggesting a specific course of action for you, based on your time frame, risk tolerance, and financial objectives. It’s important to trust your advisor’s knowledge and experience.

Ask questions

Even if the questions seem simple and the answers obvious, ask them anyway. Make sure you understand how your money is being handled.

Notices & Disclosures
Article is adapted from content provided by DTS.

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