Expert Q&A

You are not under any obligation to purchase anything! Even after the paperwork is completed you have an additional 15/30 days to look over everything.

All that you would be doing is obtaining the information, and decide if its affordable.

No you are not obligated to buy anything from that adviser, especially if you don’t think what he or she is selling is right for you. If you have an agreement to pay certain fees then that is another issue. However keep this in mind If I sat down with you and you told me what you want to achieve financially, and I put together a plan that would help you do that faster than you would have done by yourself and it is an obvious improvement, why wouldn’t you go ahead with it? If the benefits outweigh the costs, if I the adviser explain well, why not do business? Do you want to reach your dreams and goals or don’t you? I just hope it isn’t some old bad habit that is keeping you from doing the right things. You decide, if the advice doesn’t make sense get another adviser of course. Good luck.

That is really a great question. Most people find it very difficult to commit to working with someone in the financial industry in fear of making a big mistake. I mean were talking about your hard-earned money here.

Always have an up front agreement with the person you are potentially going to work with. How do they get paid? Do they charge a fee, hourly rate or commissions? Do they derive commissions from trading the account? Do they only sell insurance and tell you they are a financial advisor?

The only obligation you should have is that if you like and trust the person you are going to work with and that you like the plan they are presenting to you (and have compared it to at least one alternative) then don’t procrastinate and go for it!

You should know the right questions to ask first. If you don’t, then visit our website for the 20 Must-Answer Question Quiz located at the bottom of the page: http://www.thefinancialcoachinggroup.com/

All the best.

Usually, you are not obligated to do so. However, we recommend that you ask and confirm all requirements during the initial meeting.

You need to discuss up front how the advisor works so that you know what services are complimentary and where you will start paying for the service.