Get Comprehensive Financial Advisor Diagnostic - Updated Bb - Napfa

Filling out the Comprehensive Financial Advisor Diagnostic is a crucial step in selecting a qualified financial advisor. This thorough questionnaire will guide you through evaluating the advisor's qualifications and suitability for your financial needs.

Follow the steps to successfully complete the online form.

1. Click ‘Get Form’ button to download the diagnostic questionnaire and open it in your preferred online editor.
2. Begin by entering the educational background of the financial advisor. Specify if they have a college or graduate degree and note the area of study.
3. Provide details on the financial planning credentials and affiliations held by the advisor. Tick all that apply from the list provided.
4. Indicate the duration for which the advisor has been offering financial planning services by selecting from the offered time frames.
5. Confirm whether the advisor can provide references from other professionals. Select 'Yes' or 'No'.
6. Answer whether the advisor has ever been cited for disciplinary reasons by selecting 'Yes' or 'No'.
7. Provide information about the number of clients the advisor works with. This will help gauge their availability.
8. Indicate if the advisor engages in any other business activities. Select 'Yes' or 'No', excluding non-investment related charitable activities.
9. Clarify if you will be working directly with the advisor or an associate. Choose from the available options.
10. Determine if the advisor will sign the Fiduciary Oath. This ensures they will act in your best interests.
11. Answer whether the advisor has a business continuity plan. This is essential for long-term financial planning.
12. Provide details regarding how the advisor is compensated. Select the compensation structure and add any relevant calculations.
13. Indicate if there is a minimum fee for services and explain if applicable.
14. Specify the percentage of commission income derived from various financial products if applicable.
15. Discuss whether any member of the advisor's firm acts as a general partner or receives compensation from recommended investments.
16. Clarify if the advisor receives referral fees from other professionals.
17. Indicate if the advisor receives ongoing income from recommended mutual funds.
18. Determine if there are financial incentives for the advisor to recommend certain financial products.
19. Select the range of services offered by the advisor from the checklist provided.
20. Confirm if the advisor provides a comprehensive written analysis of your financial situation.
21. Indicate whether the advisor offers assistance with implementation of the financial plan.
22. Confirm if the advisor provides ongoing advice regarding your financial affairs.
23. Answer whether the advisor has custody or access to your assets.
24. Determine if you will give the advisor discretionary trading authority over your investment accounts.
25. Confirm the registration status of the advisor as an investment advisor. Provide reasoning if not registered.
26. After completing the form, ensure you save any changes. You can then download, print, or share the form as needed.

Start filling out your Comprehensive Financial Advisor Diagnostic online today to find the best financial advisor for your needs.