Key questions to ask your financial planner

When choosing a financial planner, it’s crucial to know that they are the right fit for you. Here is a list of key questions to ask to help you with the decision.

Service

• What’s included in your fees?
• Tax planning?
• Financial planning?
• Inheritance tax mitigation?
• Investment management?
• Have you won any awards or accreditations?
• Are you chartered?
• What does your review process look like?

Transparency

• Can I talk to some of your existing clients?
• How can I find out about your past views on markets and investing?

Benchmarking

• What benchmarks do you use with regards to your investment performance?
• Do you adjust for charges?
• How closely do you hug the benchmark?

Bias

• Where is the bias in your charging structure?
• Are you biased towards a particular class (i.e. equities) or sector (i.e. UK equities)?

Active management

• What is your strategic and tactical asset allocation?
• Who makes the decisions and what is the process?