Questions to Ask Your Current Advisor

Here are some pertinent questions to ask your current Advisor, taken from our book,Stress-Free Investing. If you don’t currently have an Investment Advisor or decide to change Advisors, skip this list and use the Questions to Find a Free Market Coach.

The Free Market (FM) answers you want to hear are in the parentheses. To save time and energy, you might want to contact your current Advisor on the phone and ask the questions—start at the top and work down.

If your Advisor gets the answers all correct, you may want to ask why s/he hasn’t told you this information before. If not and you want to learn more about the way we invest and how we can help you, reach out and connect with us. Nobody knows God’s timing or His plans… so keep moving forward.

  1. Who does my portfolio’s quarterly rebalancing?
    (FM Answer: Your Money Manager)
  2. What is the turnover of each of my growth mutual funds?
    (FM Answer: The higher the turnover the higher the internal costs within the mutual fund.)
  3. How are you held accountable for making sure my different mutual funds are working together and are effecent?
    (FM Answer: By using institutional asset class mutual funds who have money managers that all have the same investment philosophy which is to buy and hold the funds assets)
  4. How do you measure and control my portfolio’s risk? 
    (FM Answer: Your risks are measured by the investment analysis. Your risks are controlled by keeping your funds invested only in the efficient institutional domestic and international asset class mutual funds, and applying both the Modern Portfolio Theory diversification and the Three Factor Model to your portfolio.)
  5. How truly diversified is my current portfolio?
    1. How many unique stocks and bonds do I own and how do I own them? (FM Answer: You own composite funds that hold asset class funds which have over 16,900-plus unique stocks and bonds)
    2. How many countries am I invested in? (FM Answer: 42 plus different free countries)
    3. How many different asset classes am I invested in?
      (FM Answer: 21-plus different asset class categories)
  6. Is my portfolio completely liquid or do I have surrender charges? (FM Answer: Our portfolios are 100% liquid. They don’t have front or back loads and never any trail fees, or surrender charges.)
  7. How are you paid and what did you earn off my accounts last year?
    (FM Answer: Advisory fees are reported on your portfolio’s quarterly statements. Advisory fee and Custodian fees are reported quarterly.)

An honest answer is like a kiss on the lips.
Proverbs 24:26

Maria J. Kuitula, a Free Market Coach; co-authored the book, Stress-Free Investing, available at Amazon.comShe is the President of Wordhouse Wealth Coaching and can be reached at 616-460-6518 or at MJK@WordhouseWealthCoaching.com . For QUESTION LISTS and INVESTOR EDUCATION VIDEOS, go to www.WordhouseWealthCoaching.com .

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