4 Ways to know your financial advisor is working in your best interest

A strong financial advisor relationship should provide clarity, confidence, and value. Here are four essentials to look for:

  1. Fiduciary Service
    Your advisor should make a formal, written commitment to put your best interests ahead of their compensation. You should also clearly understand how they are paid. Not all financial advisors are fiduciaries.
  2. Access and Communication
    Your advisor should be available for questions and meetings in a way that works for you. They should also explain strategies and updates clearly, so you understand what is happening and why it makes sense for your situation.
  3. Personalized Advice
    While advisors may use similar investments or tools across clients, your plan should reflect your unique goals, timeline, risk tolerance, and circumstances.
  4. Professional Coordination
    A comprehensive plan often includes investments, taxes, cash flow, debt, estate planning, and insurance. A good advisor proactively coordinates with your CPA, attorney, and other professionals when needed.

The MDA endorses DBS Investment Advisers, LLC for investment management and financial planning. Call 989-686-6222 or contact Ted Schumann at ted.schumann@dbsia.net to discuss your financial plan!

DBSIA has a paid endorsement with the MDA. MDA is not a client of DBSIA, and has financial incentive to promote their services.

DBS has a financial arrangement to compensate the MDA for providing marketing services and promoting DBSIA’s services. This arrangement is compensated via quarterly checks and is not based off of client referrals.