Broker Check

Defining Your Minimum Standards

January 17, 2023
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“Hiring the best is your most important task.”


 If one of your goals for 2023 is hiring a financial advisor for the first time or seeking a second opinion, it’s worth taking the time to select the right partner for you and your family. Doing your research prior to your advisor interviews can help you save time and determine exactly what you are looking for.

 We advocate that you should establish a baseline minimum for what you expect from an advisor.  There are Five Minimum Standards that you need to understand before you begin interviews with financial advisors:

 1.  Education

 2.  Background Check

 3.  Services Offered

 4.  Practice Profile

 5.  Cost

 In each of these broad categories there are many considerations and options you need to explore. For instance, not all professional designations are created equal, and many advisors offer different services. Did you know it only takes a couple of minutes to do a background check on an advisor? There is a lot to consider!

Remember, these are the Five Minimum Standards to an advisor earning an interview with you. If the advisor you’re considering doesn’t satisfy your preferences in these areas, he or she likely isn’t worth your consideration. There are lots of advisors who will meet these standards, so there should not be a need to lower your expectations for anyone.

To help with this process, we have developed a Pre-Meeting Checklist with key elements for you to understand and identify regarding any advisor you are considering. You can request this guide by clicking the link below. 

Click here to request The Hiring Guide

We invite you to read our book, Finding Your Financial AdvisorTM, where we discuss your need to take ownership, unpack the Five Minimum Standards in much more detail, and empower you to conduct thorough advisor interviews on your own.  When you are ready to make a change to better your family’s financial future, you can schedule an appointment with our team by clicking below.

Contact us to schedule an appointment

Click here to buy the book

Click here to listen to the 5 Minimum Standards Webinar

N. Drew Richey