Your first meeting with a financial advisor
The path to financial confidence starts with your initial consultation with a financial advisor. It’s an opportunity for you to ask questions, talk informally about your goals and dreams and get to know the advisor.
After your initial consultation, you‘ll know the value a financial advisor can provide, the fees you may pay if you decide to work together and next steps.
Preparing for your initial consultation
While every conversation is different, you can expect your financial advisor to cover some general information and get a sense of what it’s like to collaborate with your advisor.
To help prepare for this meeting, you should have a basic idea of your current financial picture and financial goals. How are things now? Do you have any concerns? What do you hope to accomplish in the next few years and longer term?
Questions for financial advisor meeting to think about in advance
If you haven’t already, think about the priorities you have for your financial future. Come prepared to answer these financial planning questions:
- What’s exciting?
- What worries you when you think about finances?
- Was there a recent event that caused you to consider seeking advice?
- Are you saving for a child’s or grandchild’s education?
- Are you getting the personal attention you need from your advisor?
- Are you considering purchasing a new home?
- What would you like to do when you retire?
- How can you plan now to ensure your legacy is the one you envision?
Find answers to your retirement questions
What to expect in your first financial planning meeting
Your advisor will work with you to identify and prioritize your goals and dreams to get an idea of where you are and where you want to go.
To understand the big picture and see the progress you’ve already made, your advisor may recommend documents to gather and bring to your first meeting, which could include:
- Bank statements
- Investment statements
- Insurance policies
- 401(k) statements
Once your advisor has a clear understanding of your financial life, they can help you create a plan to achieve your goals.
After your first planning meeting, if you feel the relationship isn't the right fit, that’s okay. There are approximately 10,000 Ameriprise financial advisors1, including one that matches your needs and personality.