Financial Advisor Checklist
| Question | GPW | Other Advisors | |
|---|---|---|---|
| 1. | Your advisor is a Portfolio Manager accredited with the CIM® designation and required to act as a fiduciary on your investment matters. |
Yes
|
?
|
| 2. | Your advisor provides an Investment Policy Statement that outlines your risk tolerance, time horizon and the investment process they will use to manage your money. |
Yes
|
?
|
| 3. | Your advisor charges investment management fees as a percentage of the account value. This provides transparency and potential for tax deduction of some fees. Effectively, this amounts to a daily contract that can be canceled at any time without penalty. |
Yes
|
?
|
| 4. | Your advisor has a defined investment process that is focused on principal protection. This process involves a sell discipline that will move your investments to cash (to eliminate risk) at any time. |
Yes
|
?
|
| 5. | Your advisor has provided you with a written Financial Plan ensuring they understand your personal goals and visions regarding investments, insurance, tax and estate strategies as appropriate for your situation. |
Yes
|
?
|
| 6. | Your advisor has offered to work with your accountant and lawyer to ensure your plan is integrated to provide the best possible outcome. |
Yes
|
?
|
| 7. | Your advisor meets with you every 12 months, involving a comprehensive checklist, to ensure all areas of your finances have been addressed and are moving towards your goals. |
Yes
|
?
|
| 8. | Your advisor has provided you with an Estate Directory to assist you in providing your Executor with a central listing of all important accounts, documents,contacts and any other information they may require. |
Yes
|
?
|
| 9. | Your advisor has a qualified, licensed, team of associates available to answer your questions in the event that your advisor is not available to speak with. |
Yes
|
?
|
| 10. | Your advisor reviews your tax return annually for opportunities to minimize tax. |
Yes
|
?
|
