Five Things to Do Before Meeting With a Financial Professional

This article focuses on five key priorities to consider as you prepare to meet with a financial professional.


Americans' financial lives are increasingly complex. It's not unusual to have checking and savings accounts, a 401(k), IRAs, and other personal investments. Keeping track of all your savings and investments has prompted many individuals to seek guidance. If you are part of this growing majority, you may have already scheduled a meeting with a financial professional. To make the most of your time together, keep this pre-meeting checklist in mind:

  1. Do some research. Entire sections of bookstores are dedicated to personal finance and investing topics. Read a book or magazine to get familiar with planning strategies and terms. Ask others who have used financial planning professionals to share their experiences.
  2. Organize your thoughts. Spend some time thinking about your financial needs, investment goals, and time frame. If you are uncertain about your own needs and goals, communicate that fact to the financial professional. He or she should be able to ask the right questions to help you determine your goals, assess your needs and resources, and match both to your tolerance for risk.
  3. Gather the appropriate paperwork. Consider which documents -- such as a will, bank and investment account statements, insurance policies, and tax returns -- to bring to the meeting. To be on the safe side, call in advance and ask what documents would be helpful.
  4. Determine your top three areas of concern. Does retirement planning top your list? What about minimizing your tax burden? Funding college tuition? To help create a plan focused on your unique situation, your financial professional will have to ask questions. Be prepared to discuss what is most important to you and have answers in mind (or written down) prior to your meeting.
  5. Prepare questions for your financial professional. To succeed, this relationship must be built on trust. It's important that you feel comfortable with your financial professional and the services he or she will provide. Ask about the type and level of advice you should expect. Will they be referring you to others specializing in certain areas? Talk about how often you should meet for a "check up" or to rebalance your portfolio.

Financial planning is a lifelong process, and a trusted financial professional can help see you through all of life's financial opportunities and challenges.







This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

Related Articles from the Resource Library

  • Investing Wisely

    Evaluating Professional Advice: 11 Questions to Answer Before You Commit

    Find the right financial professional for you by asking these 11 key questions. Find out the exceptions to penalties on traditional and Roth IRAs, and other qualified employer-sponsored retirement accounts.

  • Investing Wisely

    How to Work With a Financial Professional

    Get on track with a financial professional - customized retirement program that’s right for you!

  • Investing Wisely

    Nearing Retirement? Financial Advice Is Critical

    As you near retirement, financial security becomes increasingly important. Learn how a financial professional can help address any concerns you may have.

  • Investing Wisely

    The Importance of Professional Advice

    Learn how a financial professional can help you plan your retirement with confidence.