Converting your dreams to accomplishments, checking off all the items on your bucket list requires not only the zeal to achieve but also a planning partner. You are planning to get a new home at the same time you have set your eyes on the brand new sleek luxury vehicle. You have also got to plan for the higher education of your children. A financial advisor can help you achieve all these. But ending up with the wrong one will lead to a financial crisis. So here are three things your financial advisor must ask you if he is deft and is really concerned about enhancing your finances – Othman Louanjli.

Why did you come to them?

The first and foremost thing is knowing the reason for which they have sought you.  The Spotlight should be on your situation. Though most of the people think that retirement is the only thing that needs financial planning but there are your needs and wants that have to be taken care of now. So your financial advisor must care about your present as well as future life. Explaining your future dreams and the way you wish you spent your money might seem silly but that’s something you must share in detail with your financial advisor and something they should be paying attention to.

What are your expectations from the financial advisor?

Are you new to the process of planning with a financial advisor? Or you have already been to many before coming here? It’s important that financial advisor knows the answer to this question since the kind of service they offer depends on this answer. If you are new to the process, they must make sure that you get to know the process of planning with them clearly. If you have already had experience with other services they must know why you left the old one so that they can take care that you are not faced with the same problem again.   

How are you making your investment and financial decisions? 

Everyone has a way of dealing when it comes to money. Are you chronicling your major financial expenditures and all ears to the financial announcements? Are you ready with your financial statements well ahead or you get them ready in the last minute? Are you pessimistic or optimistic about your future financial situation? Your advisor must get to know about the way you deal with your money and your future concerns to create appropriate plans for you.