What To Ask Your Financial Advisor

2) What's your opinion of the role that financial services companies play in helping people plan for their future.
3) Do you have a financial security program (investment,retirement,insurance,disability & health)? If so, why did you set up your program?
4) Do you have a financial advisor? If so, what role does he/she play in your financial security planning?
5) I would like to extend this survey to several people unknown to me. Would you help by referring me to a few people to whom I might ask these same questions?

I am starting a new career and part of my hiring process is getting these questions answered by as many people as possible. Any help you could give me would be greatly appreciated.

2. I think financial service companies are great if the person is needing their assistance and can afford it

3. Yes, I have investments, retirement, insurance/health; I set these up not only for me when i retire but for the security of my children

4. Yes, myself. I do my own financial planning. If I stumble on something that i'm not sure about then I get a co-worker (another advisor) to help me out

5. sure

2008-01-29 11:58:17 by shopper

Jonathan Citrin, CEO of CitrinGroup, sits down to discuss financial questions every person should ask their financial advisor. From block trading ...

I lit up like a Christmas tree when the young cutie said it was only 400 bucks for unlimited access for a year. I exclaimed, Oh WOW! I am newly divorced and don't know a damn thing about money AND I CAN HAVE UNLIMITED ACCESS??!! I can come over and ask you stuff whenever??? WHAT A DEAL!!

He shut up.

Wow, you torpedoed him good!!

Mine is when we have our annual health fair. Our retirement company rep, different one every year, is at his booth. I ask, if I work until I am 85, what will my retirement be?

He cannot answer!! His computer does not go past age 65...

2007-08-21 17:34:37 by turtle girl

Price: $30.00

Hi, I have a financial advisor with UBS. He is one of those kinds who is lazy, unqualified and is not willing to go extra mile to help me. When I ask him a question, he says he will get back to me the next day, but never does. He never answered any of my e-mails. In the beginning he was very interested in me as his potential client, because he wanted to get a commission. But right now he behaves like he doesn't even care about me. Today I called him and was asking simple questions about my account and whether it was RMA or Basic Investment one. At one point he got angry with my detailed questions and asked me, "Why is it such an issue for you? What is the purpose of your questions?" Before I explained why, he said, "I no longer want to be your financial advisor. You don't understand anything in the investment world." His harsh words were a personal insult to me. I already spoke with a manager, but it looks like managers will never go against their employees and they will always be on their side. Is there any way I can take it to higher authorities? I am very fried right now and I know I don't deserve such treatment from UBS after investing thousands of dollars there. Any advise?

Try to locate the number for their corporate headquarters and/or president's office. Call them up and tell them exactly why you are closing your account to see what they have to say.

Good luck.

2008-10-21 16:01:33 by Nata

Price: $85.00

Help with this situation question!!!!!! THANKS!!!!

A financial advisor asks for your help preparing a proposal for a large-scale sales project. The advisor is not very familiar with the project. The fiscal year is closing and you have a lot of work to do. In response to the financial advisor's request, you would:

1. Give the financial advisor some general guidelines in how to outline a proposal. Let the advisor work out the details.

2. Call in an experienced associate to help. Offer the experienced associate a small percentage of the business.

3. Tell the financial advisor to prepare several alternative proposals. Review each one and answer any questions.

4. Work overtime to help the financial advisor prepare the proposal. Help him or her rehearse the presentation.

5. Explain your present workload but offer to help the financial advis
or with the proposal at your earliest convenience.

number 3

2008-09-13 15:09:13 by John Doe

My wife has been a student online for the past number of years, probably three or four years ago she applied for living expenses, this is a part of FAFSA, loans made available to students which in the end get tacked on to your entire student loan you must pay back anyway. This is something that has always been available to her every year yet she has used it once.

She just recently applied, and since she did her taxes a little bit different last year,(due to the fact I was out work) she claimed Head of Household, the financial adviser is asking very strange questions. Why your taxes were done this way? If you have been married why did you file different this past year? We need a letter from your tax person.

What gives? We are qualified, we have everything in order. BTW my wife called our tax person and they have no idea what the adviser wants, the tax person said " it makes no difference how you file"

Hi there! Unfortunately, it does make a difference how you file your federal taxes if you expect to get funding from the federal student loan program. Just becaue you were out of work does not make your spouse eligible to file head of household. And really, if your tax person really said that, I would find a new tax preparer. If you call the IRS, you will most likely get the correct answer.

publication 501 explains who can file head of household. (page 6 and 7)
http://www.irs.gov/pub/irs-pdf/p501.pdf< br />
You may be eligible to file head of household if you meet ALL of the following:
You are unmarried or considered unmarried as of the last day of the filing year
You paid more than half of the costs for keeping up a home for the year
A qualifying person lived with you for at least half of the year

So, since you are married she would not be eligible to file that way. She will be required to file a 1040X to make the proper adjustments. (different filing statuses make you eligible for different deductions)

Schools are held to the rules and regulations of the department of education. It is the schools responsibility to not let students borrow federal funding if they did not file their federal taxes correctly. Financial Aid Advisors are not reqiured to be tax experts but there are many required items they have to verify in order to process any financial aid.

The reason why they asked for a letter from your tax person is to see their reasoning for allowing your wife to file the way she did. The documentation will be reviewed and a decision will be made if it is acceptable. You can't really fight with tax law though. I would suggest reading through the head of household section on publication 501 and bring a copy of it to your tax preparer. Publication 501 should be known by your tax preparer as it explains who is required to file, but it doesn't hurt to bring a copy with you.

2008-12-04 21:26:14 by dimebag1968