You’re trusting someone with your future. That’s no small thing. Whether you’re newly retired or decades into a career, your investment advisor in Springfield plays a major role in your financial confidence—and your quality of life. So, how do you know if they’re truly the right fit? Only you can make that call, so these are the questions to ask yourself.
Do They Actually Know You?
A strong advisor relationship is important. Your financial advisor should ask about your lifestyle and your dreams for the years ahead, not just your risk tolerance. The right advisor should make complex topics clear and always bring the conversation back to your personal goals. As you compare candidates, ask yourself:
- Do they talk more than they listen?
- Are their solutions tailored or templated?
- Can they explain how your investments connect with your income needs, healthcare plans, or estate priorities?
Are Their Strategies Thoughtful?
Does your advisor panic when the market dips, or do they stay steady and rational? Ask how they handle volatility, how they define success, and what they’re doing behind the scenes to align with your timeline. A strong investment philosophy should be proactive (not reactive) and diversified. It should be fully grounded in your real-world needs.
Ask for a real example, saying something like: “How would you create a portfolio for someone in their late 60s in Springfield with a modest pension and a goal to leave a legacy for their grandkids?” Their answer should reflect a blend of experience and practicality, with empathy for your unique situation.
Are the Costs Clear?
Every advisor should be able to explain exactly how they’re compensated—whether it’s fee-only, commission-based, or a mix. More importantly, they should be transparent about all the other costs baked into your portfolio: from fund fees to planning costs. If the answers feel vague, that’s a red flag.
Can You Picture Working With Them for Years?
Retirement is a marathon. Your advisor should be someone you can imagine calling during both calm and uncertain times. They should be someone who returns your emails and picks up the phone to talk you through the tough decisions.
Ask about succession planning, too. If your advisor retires or moves firms, what happens to your portfolio? This is a question you need to know before you begin that relationship.
Looking for an Investment Advisor in Springfield Who Actually Listens? Call LaTour Asset Management Today
If you’re questioning whether your current advisor is the right fit, trust that instinct. Sometimes, a fresh perspective makes all the difference. At LaTour Asset Management of Springfield, we offer steady, personalized guidance built around your long-term goals. Reach out today at (877) 888-5724 to start a conversation that puts you first.
