Three Smart Questions to Ask Your Financial Manager in Dallas

Are you considering hiring a financial manager to oversee your financial situation? They can be great for planning a budget and choosing your investment strategy, creating a great retirement scenario for you. Working with a financial manager in Dallas is an interactive process, meaning you will have some feedback. The following are three important questions to ask before you invest in one.

How Long Have You Been a Wealth Manager?

The most important asset a person can have when it comes to investing is experience. The mistakes made in the past inform the decisions the financial manager in Dallas makes today. This is the experience you won’t have to earn for yourself. The longer a manager has been in the business, the more successful and knowledgeable they usually are.

Are You a Fiduciary?

A Fiduciary is a wealth manager that acts solely on your behalf, not the behalf of an investment firm they work with. Each decision made has your best interests in mind. A fiduciary will also explain in detail the cost associated with each investment strategy they propose. Don’t get trapped into products that benefit the seller more than they benefit the person investing. Use a fiduciary.

How Important is Cost to You?

Ask this of your manager before hiring them. They should know that your bottom line is important to you, so you want to avoid products with high fees and commissions. The big picture here is that you want to have a financial advisor that has your best interests in mind at all times.

The earlier you start planning for your retirement, the better off you will be when the time comes. For great investing advice, contact the pros at Westwood Wealth Management for more information.

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