Financial Advisor Assessment
Many of us lack the expertise or inclination to directly manage our financial affairs. Instead, we engage a financial advisor and entrust them to make optimal financial decisions for us. Given this dependency, it is critical to assess how capable they are in managing our financial affairs as your future financial health is dependent on it.
The Financial Advisor Assessment provides an unbiased second opinion and evaluates your advisor across these dimensions:
- Investment and asset allocation strategy
- Fee structure and potential conflicts
- Tax and investment expense minimization
- Fiduciary role, background, and training
- Availability of, and expertise with, other financial planning services
While the focus of the assessment is broader than just fees paid to your advisor, it is an critical component. In many cases, this assessment can result in thousands of dollars per year of savings, far in excess of the one-time cost of this service.
A customized written report is prepared along with a follow-up discussion to discuss the results, answer questions, and assist with any follow-up requirements that result from the assessment.
The fee for this service is $600 and includes 90 days of follow-up and financial planning guidance.