9 Questions Investors Should Ask Before Moving Assets to a New Advisor

Investors should ask about fiduciary status, fees, conflicts of interest, credentials, and communication practices before transferring assets to a new advisor. The right questions can help uncover risks and build a stronger financial partnership – Shutterstock

Switching financial advisors can feel a bit like changing doctors, mechanics, or even hairstylists. The decision affects important parts of life, and making a move without asking the right questions can lead to costly surprises down the road. A polished sales pitch and a friendly personality may create a positive first impression, but smart investors dig deeper before transferring assets.

The right advisor relationship should bring transparency, trust, and confidence. Investors need clear answers about compensation, qualifications, investment philosophy, and potential conflicts of interest. Before signing paperwork or moving accounts, these nine questions can help reveal whether a new advisor deserves a seat at the financial table.