If You Have Concerns when Interviewing an Advisor, Let Them Know
If something is said -- or not said -- that raises your concerns during a first interview, tell the advisor. Maybe you want clarification about how you could get your money back if you are not satisfied. It might be the discussion of the red flags uncovered in the background check or anything that makes you nervous at all, but try to get a better explanation before leaving the office. If you are looking to switch advisors, it could be as simple as not hearing enough to be convinced that a new relationship will be improved and different from what you have now.
Smart Investor Tip
If something is said -- or not said -- that raises your concerns during a first interview, tell the advisor.
If the advisor cannot adequately address your concerns, hire someone else.
But try not to leave the first interview with questions that you failed to ask.
By Chuck Jaffe