Investors have their own investment objectives that depend on short-term or long-term demand. Communicating these objectives to the financial advisor is the first step.
Start by answering these questions:

These are important questions that reflect on risk tolerance, which can be difficult to define and can change over time. Your ability to take risks: your age, your wealth and financial needs all affect the determination of the ability to cope with risk.

The duration of the investment plan also plays a fundamental role, because it shows how much liquidity should be kept in the portfolio. A pension investment plan is a long- term investment, up to 30 years, which is called the accumulation phase. Also the retirement period, which can average up to 20 years, should also be considered.

Before you visit a financial advisor, you should ask yourself the following questions to clarify your purpose of the investment:

• Why do I need a financial advisor?
  • Execution of transactions in the purchase and sale of securities and portfolio monitoring?
  • Professional management and complete control over your investments?
  • Management of any assets and any financial needs?
• What is the purpose of my investment?
• How long is the duration of the investment plan?
• What does “risk” mean to me? How much risk am I willing to take?
• When should I withdraw money?
• What other characteristics and conditions affect the investment?
  • Asset transfer?
  • Tax treatment and impact?
  • Periodic need for cash withdrawals?
• What kind of communication should I have with the advisor?
  • Online communication, phone calls or meetings?
  • Am I looking for an advisor who works in the same city, or the distance is not a problem?

QUESTIONS YOU NEED TO ADDRESS
TO A FINANCIAL ADVISER

The interview with financial advisors is a must. This questions list will help you find a qualified advisor who is committed to ethical and professional standards.

• What is your education?
• Do you have professional qualifications?
• What is the employment experience in the investment business?
• How many clients does your company have?
• Are you part of a professional organization, like the CFA Institute?
• What services do you provide? Pension planning, investment planning, property tax and transfer, insurance, etc.
• What is the structure of the commissions?
  Commissions are on the products / services you offer, or
  Are you an intermediary of a company to which you refer products / services?
• Have you been disciplined for acting against the law or against professional ethics during your career?
• What is the approach of the investment management process?
• How will this approach help me achieve my investment objective?
  What are performance measures?
  What are the investment obligations and risks you are proposing to me?
• How is the performance history?
• How often will you communicate with me?
• What reports will be sent to me periodically?