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Step 1
QUESTIONS THAT YOU MIGHT HAVE FOR THE FINANCIAL ADVISOR.
In essence, the financial advisor is working for you. Consequently, you should write down any questions you might have about how they (financial advisor's company) work (i.e. fees) and how they can help be a part of your financial future. -
Step 2
A LIST OF YOUR FINANCIAL GOALS/NEEDS.
You should make this list as comprehensive as possible in order to receive the greatest benefit from the financial advice. Your list should include goals for your future, regarding planning and savings, future income needs, and other relevant matters (i.e. college). -
Step 3
LIST OF YOUR CURRENT FINANCIAL ASSETS.
This should include both liquid (money you can get your hands on right now) and non-liquid investments. You can provide this information in the form of bank statements, retirement plans statements, life insurance policies, etc. -
Step 4
LIST OF YOUR CURRENT LIABILITIES.
If you have a montly budget, it would really be helpful for this first meeting with your financial advisor. If not list all of your liabilities such as household expenditures including mortgage or rent payments or consumer debt obligations (credit care, car note). Along with the asset information that you provide, this information will help the financial advisor to get a good picture of where you are in relation to where you want to be financially. This way, the financial advisor can tailor his proposed financial plan to your needs.
