How to Meet with Your Financial Adviser
Episode 001 | Adviser Checkup Podcast
On today’s episode of the Adviser Checkup Podcast we discuss how to meet with your financial adviser.
If you are like most clients you probably don’t do much preparation, attend a nice meeting, smile and nod along as your adviser discusses investments and leave feeling like you checked a box and completed your annual meeting with your financial planner….I’m here to tell you right now - stop that! Let’s say you have $2 Million under management with your adviser and pay a standard 1% fee - this meeting is costing you $20,000 every year….. It’s time for you to do more than check the box.
I am here to help you feel confident, prepared and proactive when meeting your adviser.
Enjoy the episode!
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Important Notes and Template Mentioned in the show….
Note: I recommend you listen to the show before diving into the below!
The 3 Tools
Know why you are there. Know both the short term and the long term reasons why you are having this meeting.
Use this time to learn from the professional.
Hold your adviser team accountable.
Email Template for your Estate Planner and/or CPA
This is the easy part - send a quick email at least a few days before the meeting. Below is a simple email template to use:
Dear [Name of Estate Planner],
I am meeting with my investment adviser, [Name of Adviser] on [date of meeting]. [She/He] is copied on this email and I thought this would be a good opportunity to introduce you over email. Can you please let [Name of Adviser] and I know if there is anything from our work together we should discuss at the meeting?
Thank you,
[Your Name Here]
Ideas for the Long Term “Why”
Eliminate Complexity
Tax Minimization
Not Pass Down Wealth
Educating the Next Generation
Charitable Goals
Thank you for listening and reading over these notes. If you found this episode helpful please subscribe to my email list by using the button at the bottom of the page.
Be Financially Well,
Kelly
