When preparing for your initial discovery meeting with a Fidelity Bank Wealth Management Advisor, it’s essential to ask the right questions to ensure you find an advisor who aligns with your financial goals and needs. Here are some key questions to consider:

1. How Will We Work Together?

Understand how your advisor plans to collaborate with you. Are you looking for a hands-on approach, or do you prefer to delegate decisions to an expert? Ask about the types of services offered, such as traditional advising, online financial planning, or a combination of both, and determine which method suits you best.

2. How Will You Communicate with Me, and How Often?

Effective communication is crucial in any advisory relationship. Ask about the frequency and method of communication, whether through in-person meetings, virtual check-ins, or regular updates. It’s important to feel confident that your advisor will keep you informed and provide timely market insights and investment advice.

3. What Services Do You Provide?

Ensure the advisor offers services that meet your financial needs, whether they are straightforward (like setting up an IRA) or more complex (such as comprehensive wealth management). Confirm that the advisor has the capability to address all your financial goals and concerns.

4. What’s Your Investment Philosophy?

Understanding your advisor’s investment philosophy is vital to ensure it aligns with your goals and risk tolerance. Ask how they select investments, handle market volatility, and tailor strategies to your unique financial situation.

5. How Will You Track My Investment Performance?

Your advisor should have a clear strategy for tracking and reporting your investment performance. Inquire about how they measure success, when they decide to rebalance your portfolio, and how often they will communicate your progress toward your financial goals.

6. What Professional Experience Do You Have?

A financial advisor’s background can significantly impact their approach to managing your finances. Ask about their professional experience, certifications, and any additional skills they bring to the table that could benefit your financial planning.

7. What Resources Will I Have When Working with You?

Find out what tools and resources the advisor provides to help you stay informed and engaged with your financial planning. This could include online account management tools, educational materials, and access to market updates.

8. How Will You Consider Assets You Aren’t Directly Managing?

Your advisor should consider your entire financial picture, including assets they aren’t directly managing, like employer-sponsored retirement accounts or real estate investments. This holistic approach ensures all your assets work together to achieve your financial goals.

9. How Are You Paid?

Understanding how your advisor is compensated is essential for transparency and trust. Ask about their fee structure, whether it’s a percentage of assets managed, a flat fee, or hourly rates, and make sure it aligns with your expectations and needs.

10. Do You Work with CPAs or Attorneys?

If you have complex financial needs, such as business ownership or estate planning, it’s beneficial to know if your advisor collaborates with other professionals, like CPAs or attorneys. This can provide a more comprehensive approach to your financial planning.