403(b)wise
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Before you begin working with an advisor, it is important that you do your research. Our questionnaire below will help guide you in this process. If you are looking for a financial counsel, try browsing our advisor directory. The professionals listed here have agreed to abide by our high standards.
The 403(b)wise Advisor Questionnaire
Each advisor you are considering should be asked the following questions:
  1. What is your educational background?
  2. What is your CRD (Central Registration Depository) number?
  3. What financial credentials do you hold?
  4. What is your financial planning education?
  5. How did you become a financial advisor?
  6. How long have you been offering financial services?
  7. What state and/or national oversight agencies are you registered with?
  8. How many hours of continuing education do you take each year?
  9. How many clients do you currently serve?
  10. Will I work directly with you?
  11. How do you educate your clients about the investment process and their specific portfolio?
  12. Explain how you will diversify my portfolio.
  13. What is your investment philosophy?
  14. Please detail all fees or commission involved, including all costs of mutual funds or variable annuity sub accounts.
  15. How will my plan be implemented?
  16. How often will we meet?
  17. Please include any fees related to closing an account (i.e. surrender or back-end charges.)
  18. Please provide me with a written agreement that details services that will be provided.
  19. Please provide in writing your pledge to act as fiduciary on my behalf.
  20. How are you compensated?
A printer-friendly copy of these questions is available here (pdf).
Looking for Financial Counsel?
Our directory of financial advisors is a great place to start your search.
Go to the 403(b)wise Advisor Directory »
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