Scott Pape’s tips on choosing a financial adviser
August 31, 2018
Scott Pape’s tips on cho...
[Scott Pape, The Barefoot Investor]: You know it can be really hard when you first go and see a financial adviser to actually
know whether that person is giving you good
because if you’ve never done
it before how do you know?
Do you judge them on the coffee?
On the way they greet you?
On the way they look?
Well my number one tip is to empower yourself to ask good questions.
It’s just like being on a first date – You want to know, what is the motivation of this
person that I’m sitting down with?
So you want to ask really simple questions.
How much are you getting paid?
How do you get paid?
How does what you get paid influence the advice that you give me?
What’s the worst that could go wrong?
You want to ask those questions, have the courage to ask those questions and then listen
and preferably write down their answers.
And then the other tip that I would give is don’t just have one date.
Because if you only ever have one date in your life, how do you know that this person’s
the right one for you?
So my suggestion would be always have two or three dates, ask the same questions, write
them down, then you have a basis for understanding which person is gonna suit your best needs.
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