Hiring the right financial advisor can be an important step towards managing your wealth better. Before hiring a financial advisor, check his credentials, references and qualifications. Besides this, also ask him the following six questions to assess whether you can benefit from his services.

What is the cost of the services offered?

The fee charged by your advisor makes up just one part of your overall costs. You also have to take into account brokerage commissions if your financial advisor will be trading in securities. A thrifty financial advisor is often the best choice. He should ideally trade to ensure that your annual portfolio maintenance costs (excluding advisor fee) are as low as possible. Additionally, compare fees of different advisors so that you get the best deal.
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