CHECK LIST FOR HIRING A FINANCIAL PLANNER
| Planner Name: | _______________________________________ |
| Company: | _______________________________________ |
| Address: | _______________________________________ |
| Phone: | _______________________________________ |
| Date: | _______________________________________ |
1. Do you have experience in providing advice on the topics below?
If yes, please indicate the number of years.
 Retirement planning ________
Investment planning ________
Tax planning ________
Estate planning ________
Insurance planning ________
Integrated Planning ________
Other _________________________________________
2. What are your areas of specialization? What qualifies you in this field?
_______________________________________________
_______________________________________________
_______________________________________________
3. A. How long have you been offering financial planning advice to clients?
Less than one year
One to four years
Five to 10 years
More than 10 years
B. How many clients do you currently have?
Less than 10 clients
11 to 39
40 to 79
80 +
4. Briefly describe your work history:
_______________________________________________
_______________________________________________
_______________________________________________
_______________________________________________
5. What are your educational qualifications? Give area of study.
Certificate___________________________________
Undergraduate Degree _________________________
Advanced Degree _____________________________
Other ______________________________________
6. What financial planning designation(s) do you hold?
Certified Financial Planner or CFP
Certified Public Accountant - Personal Financial Specialists (CPA-PFS)
Chartered Financial Consultant (ChFC)
7. What financial planning continuing education requirements do you fulfill?
______hours every______
8. What licenses do you hold?
Insurance
Securities
CPA
JD
Other
______________________________________________________
9. A. Are you personally licensed or registered as an Investment Adviser with the?
State(s)?_________________________________
Federal Government?
If no, why not?
_________________________________
B. Is your firm licensed or registered as an Investment Adviser with the:
State(s)?_________________________________
Federal Government?
If no, why not?
_________________________________
C. Will you provide me with your disclosure document Form ADV or its state equivalent form?
Yes
No
If No, why not?
_________________________________________________
10. What services do you offer?
_________________________________________________
_________________________________________________
_________________________________________________
_________________________________________________
11. Describe your approach to financial planning.
_________________________________________________
_________________________________________________
_________________________________________________
_________________________________________________
12. A. Who will work with me on my plan?
Planner __________________________________
Associate(s)_______________________________
B. Will the same individual(s) review my financial situation?
Yes
No
If no, who will?____________________________________
13. How are you paid for your services?
Fee
Commission
Fee and commission
Salary
Other________________________________
14. What do you typically charge?
A. Fee:
Hourly Rate $_____@ hour
Flat fee (range) $_____ to $________
Percentage of assets under management _______ percent
B. Commissions:
What is the approximate percentage of the investment or premium you receive on:
stocks and bonds _________; mutual funds _________; annuities_________; insurance products _________; other ___________
15. A. Do you have a business affiliation with any company whose products or services you are recommending?
Yes
No
Explain _________________________________________
B. Is any of your compensation based on selling products?
Yes
No
Explain _______________________________________________
C. Do professionals and sales agents to whom you may refer me to send business, fees or any other benefits to you?
Yes
No
Explain _______________________________________________
D. Do you have an affiliation with a broker/dealer?
Yes
No
E. Are you an owner of, or connected with, any other company whose services or products I will use?
Yes
No
Describe ________________________________________________
16. Do you provide a written client engagement agreement?
Yes
No
If No, why not?
________________________________________________
To Find a Financial Planner in Your Area
Visit the national Financial Planners Association web site:
www.fpanet.org/Membership/PlannerSearch/
Download a copy of this form for future reference. (To view the form you must have
Adobe Acrobat Reader, if you don't have the reader, you can download it for free)
The information in this brochure is provided as a public service by the Certified Financial Planner Board of Standards. A nonprofit, professional regulatory organization, the CFP
Board exists to benefit and protect consumers by setting ethical and competency standards for financial planning professionals.
Copyright© 1998, 1999 Certified Financial Planner Board of Standards, Inc. All rights reserved. Certified Financial Planner® and CFP® are federally registered service marks of
the Certified Financial Planner Board of Standards, Inc.
This publication may be reprinted for educational and nonprofit purposes only.
|
|
Consumers
Corporate Partners
|
