Create a financial game plan: Working with an advisor

Photo of man working with a female advisor.

Winning plays aren’t just for sports teams. Everyday investors need strategies for success, too. Consider these five questions as you begin building or reviewing your financial game plan. 

1. Do I need a financial advisor?

Typically, yes. Financial advisors do more than just help with your investments. They help you plan for your financial future. A financial advisor can help by assisting with things like estate planning and reducing your debt.

2. How do I choose a financial advisor?

A good place to start is to ask friends and family for recommendations. You can also explore resources online or contact an advisor from your employer’s retirement plan, if you have one. Then, set up a meeting to discuss your financial needs and goals.

3. What should I bring to my meeting?

Whether this is your first meeting with an advisor or a check-in with your existing advisor, maximize your time by preparing ahead. Ask about specific documents you should bring, like bank statements and tax returns.

4. What questions should I ask?

Maybe you want to reprioritize your budget, save more, or review your retirement planning strategy. Think about any financial questions—no matter how big or small—and write them down ahead of time.

If this is your first time working with an advisor, don’t be afraid to ask them questions. And don’t be shy about asking what their fees are, either. It’s important to know how they expect to be paid for their services.

5. How often should I meet with my advisor?

Once you’ve got a financial game plan in place, take a timeout once a year to review and update your plan. Major life events and changing goals may mean you need to adjust your financial plays.

Make sure you’re always on a winning team

It’s never too early or too late to start working with an advisor. They can help you take the emotion and stress out of financial strategies—so you can plan for your financial future. 

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