Retirement Resources President and Investment Advisor, Dave Boike, provides a list of important questions that will educate and guide investors shopping for a financial advisor to a true fiduciary.

Auburn Hills, MI — January 16, 2018— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy, published a new article on the company website entitled, “Questions To Ask When Interviewing Financial Advisors.” In the article, Mr. Boike elaborates on the qualities that define fiduciary advisors.

Boike writes, “As promised in my most recent blog, New Year, New Tax Code, New Financial Review, I am providing a list of questions to pose when interviewing potential financial advisors.” He continues adding, “Whether you are trying to determine if your current advisor has your best interests at heart or you are looking to hire your first advisor, you could also refer to the list published by the Department of Labor. However, the following five questions should guide you to a genuine fiduciary advisor.”

Boike also cautions readers to, “Beware the individual claiming to be a “money manager” touting “assets under management”. These tend to be merely middlemen between you the client, and another investment advisor who is actually doing the investment research and management.” He also suggests, “Have this list with you and refer to it when interviewing potential financial advisors.”

According to Boike there are two items investors need to ask for in order to determine a financial advisor’s track record. First on the list is, “A copy of the Form ADV, which discloses possible conflicts arising from securities trades and answers a lot of other questions.” Secondly says Boike, “Ask for a risk-adjusted performance record going back at least five years. Get it in writing along with a list of client references—and call them.”

Read the entire article at https://www.theretirementresource.org/single-post/2018/01/16/Questions-To-Ask-When-Interviewing-Financial-Advisors

About Dave Boike

Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth.  For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.

Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning.  He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals.  As a strong advocate of education, Dave recently spoke at The Michigan Association of CPA’s and is teaching a class at Oakland Community College.

Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting edge solutions to address those challenges.  He teaches you in this easy to read book how to take the steps necessary to achieve your successful retirement.

Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.

This content is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources is believed to be reliable but not guaranteed. Past performance is not indicative of future results.