No matter what type of professional you're relying on for investment suggestions—which funds or stocks to buy—be sure the two of you share the same investment philosophy. Ask advisors to walk you through their investment process, and the types of products they typically recommend to people in your situation. Do they use mutual funds, exchange-traded funds, individual stocks, or insurance-based products such as annuities? Ask a prospective broker or advisor to discuss how frequently they trade, as well as to explain thoroughly what would make them sell a stock or fund. Request a copy of a typical financial plan.
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