Should I Hire an Investment Adviser?

Last updated: April 13, 2016

Common Questions About Investment Advisers

How Do I Know if I Need an Investment Adviser?

Do you know where all your money is going? Do you have the time and energy to research investment options? Do you feel comfortable with your saving strategies? 

  • If so, then you might not need an adviser at this point in your life.

However, if you have any doubts about how to manage your money, or feel as if you don’t understand your finances or investments, hiring an investment adviser may be for you. 

  • Most people could benefit from professional investment advice, even those who feel as if they have a full grasp of their finances. 
  • Even if you just need someone to double check your investments for you, an adviser could be helpful.

How Do I Choose an Investment Adviser?

Always do your research before hiring an investment adviser. Look at two or three advisers before making a decision. Your money is your livelihood, so take advice from someone you know you can trust. Here is a list of questions you can ask a potential adviser: 

  • Are you registered with the Kansas Securities Commissioner’s Office?
  • How much experience do you have with people in my situation?
  • What products and services do you offer?
  • What is the cost of your services?
  • Have you ever been disciplined for improper conduct or been sued by a client who was not happy with your work?

Meet Your Adviser

Once you have selected a potential adviser, be sure to meet with them regularly. 

  • Ask them questions and be informed. 
  • Remember, your financial decisions affect your well-being, not your adviser’s.

*The information on this page is credited to IPT and Kiplinger. Their original materials are made available by the Kansas Securities Commissioner's website.

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