Name: 10 questions to ask a potential advisor (Financial Safari)
Uploaded: 2021-03-24T07:00:00-0400
Duration: 333826
Description: From pay structure to qualifications, every advisor is different. Make sure you are getting one who is transparent, certified, and versatile.

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From pay structure to qualifications, every advisor is different. Make sure you are getting one who is transparent, certified, and versatile. 

<p>are you looking to meet with a financial planner? Are you looking for an investment advisor, A financial coach or maybe a broker? Whomever you end up meeting with asking the right questions up front can save you a world of headaches along the way and save you a lot of money. Here are 10 questions you need to ask when considering a financial advisor. One. How are they paid? Financial advisors are either going to be paid from fees or commissions. A fee is a flat rate that you pay upfront. It might be an hourly rate, a flat retainer fee or an asset under management fee and advisor. Getting paid through commissions gets paid in various forms. Some commissions are in what the financial industry calls loads. You can pay front end loads to get in or back in loads when you're trying to get out. Some commissions are even hidden in places you don't see. The best commission is one that comes out of the financial institutions pockets and doesn't affect your balance to what are your all in costs. In addition to paying an advisor, you might be facing other hidden fees as well. These financial termites might be eating up your account at a faster rate than you might realize. The impact of fees can be seen in this graph. In this scenario, we're starting with $200,000 in an account with 6% growth. The top line of this graph shows compounding interest with no annual fees. After 30 years, this account would grow to 1.15 million if you add just 1% in annual fees. After 30 years, you're down to about 860,000. If you add 2% in fees, you're down to about 650,000. Make sure you don't have any unnecessary fees in your portfolio. Three. Are they a fiduciary? It's a good idea to make sure your financial advisor is a fiduciary. A fiduciary financial advisor is registered and regulated by the Securities and Exchange Commission. They are required by law to always act in the best interests of their clients. Traditional brokers might claim they will, too, but this certification gives you an extra layer of trust for what are their qualifications? What certifications does your advisor hold? Are they accredited? Don't fall for the fancy marketing credentials. Some accredited designations are certified. Financial planner, retirement income certified professional, master registered financial consultant and chartered financial consultant. There are a lot of certifications out there for financial advisors. Make sure your advisor is qualified to support your unique situation. Five. Are they an independent advisor? An independent advisor means they aren't affiliated with a larger company or in partnership with specific companies like a brokerage firm or life insurance company. If they aren't independent, they might be restricted to only use the products and services available from the company they are affiliated with and could present a conflict of interest. An independent advisor will have access to more of the tools and services that may be the better option for you. Six. What is their investment philosophy? Make sure you and your advisor adhere to a similar investing strategy. Do you have a similar risk tolerance level or maybe socially responsible? Investing is important to you. Talk with your advisor about the values that are important to you. They may be able to help you create a portfolio that aligns with your values. Seven. How often should you meet? Are you going to meet once per year? twice per year. Are they available by phone or email for questions? Outside of those appointments, will you as an investor, want to be hands off or heavily involved? Make sure your relationship with your advisor works for you, and your communication is clear. You will not want to hesitate to reach out when you have questions. Hate. What is your tax strategy? The best financial planners coordinate with the CPA or another certified tax planner to make sure you're getting optimal tax advice each year. Remember to account for taxes when looking at your portfolio balance. Nine. Who is the custodian of your investments? A. Custodian is an institution that physically holds your assets for security. Ideally, your financial planner will hire an independent custodian, such as a brokerage, to hold your investments. This provides an important safety check, and you won't have to wait for your advisor to send your performance information. You can go online and check your accounts at any time. 10. Can I get a second opinion? No matter what you're looking to do with your money, always, always get a second opinion. If there are resistant to the idea, you might want to think twice about working with them When speaking with a retirement planner, Don't be afraid to ask questions. You've worked hard for your money, and your advisor should earn your trust. Asking the right questions could be the difference between a retirement dream and a retirement nightmare. At Capital Financial, we have a team of dedicated fiduciary financial advisors. Contact our office today for a no cost, no obligation consultation, and our team will be happy to answer all of your questions.</p>

10 questions to ask a potential advisor (Financial Safari)

Financial Safari: 10 questions to ask a potential advisor

Coach Pete,Financial Safari,investing,personal finances,retirement,sponsored

WRAL-TV News Broadcasts: Watch each newscast live or watch the most recent newscast on demand.

WRAL Late News 

Get the latest WRAL WeatherCenter Forecast whenever you need it, including the DUALDoppler5000 and the 7-Day Forecast.

I'm meteorologist K Campbell in the severe weather center. It's feeling like summer again. On Thursday, high temperatures reach the upper eighties and we could come awfully close to 90 in Fayetteville. It's possible. Fayetteville sees the 1st 90 degree day of the year. The average first day in the nineties in Fayetteville is, is May 3rd and May twelveth here in the triangle. 87 in the triangle and 85 in rocks, a lot more sunshine in the forecast tomorrow. Those clouds that we saw, they're going to be clearing out overnight. So get some fresh air, enjoy it while you can. We're not going to see these warm days every day for our seven day. We'll wake up to temperatures in the low sixties warming up to 80 degrees by noon and upper eighties for highs during the afternoon. We've got the sunshine tomorrow, but a lot of us could really use the rain, especially anybody who's starting with their gardening, our rainfall for the month of April 66 inches. So that's more than an inch below normal. I would recommend to keep watering your gardens. We do have some opportunities for rain, but none of these rounds look like a widespread soaking rain. I would go ahead and keep watering. We've got a 40% chance of storms on the way. Friday and Friday, we need to keep an eye on the potential for a severe storm. Tonight. We're seeing showers dissipate as they move closer to us. And that trend should continue. We dry out throughout the day tomorrow with the sunshine and then here comes Friday's front in the morning, we'll see some rain in the mountains kind of falling apart. But as this front gets closer to us during the afternoon, as we're heating up, we'll have a more energized atmosphere and this should create some lift to generate some scattered storms throughout the afternoon and evening. It's about a 40% chance that you would see one at your house. The issue is pretty much anywhere in our viewing area. There could be a severe storm. That's why there's level one out of five threat for severe storms, Friday. The threats, damaging wind gusts and hail your seven day forecast shows some big changes are on the way for the weekend. We are cooling down, especially on Sunday, just 68 for the high falling into the 40 Sunday night into Monday morning, Monday, mostly cloudy, some lingering sprinkles possible. And then next week, temperatures are right back in the mid seventies, which is pretty much on par with where we should be this time of year

WRAL WeatherCenter Forecast

Nightly N.C. Education Lottery drawings during the 11 p.m. News.

Good evening. I'm Gail her. Welcome to tonight's drawing for Wednesday, April 17th, 2024. Well, let's get start tonight with our Carolina pick three. Our first winning numbers are two. Our second number is nine and the third number tonight is six and our pick three. Fireball number is an eight. Joining me for tonight's show is the auditor from mcconnell and Jones L LP. Now lets move of the Carolina pick four. Good luck. Everyone who's that first number. It's a three. Our second pick four. Number is one, third, one is one again and our fourth pick four number is a nine and our pick for fireball number is a six. Well, turning now to the Carolina cash five. If no one was the top prize tonight, tomorrow's top prize is estimated at $191,000. Good luck. Everyone is that first winning cash five number. It's 33. Our second number is an eight third number. Tonight is 10. Our fourth number is 22 and the final number in our cash five this evening, 41 the North Carolina education lottery has contributed over $10 billion to education. Get your winning numbers right here every night at your exclusive station for the North Carolina Education lottery. Thanks for playing. Have a great night.

Evening Pick 3 Pick 4 and Cash 5

Monday, Wednesday, and Saturday Powerball drawings, as shown live on WRAL.

Is powerball. Good evening, everyone. I'm Randy Trainer. Tonight. We have our life changing jackpot. It's estimated to be $80.7 million to get your tickets ready. Here. Come, tonight's winning numbers. Let's start things off this evening with the number 24. Right after that America. We have the number 54 and congratulations to Lisa Hayes from Illinois. She won $2 million playing powerball. All right, the rest of your winning number is 4447. And let's round it out tonight with the number 29 and tonight's win powerball number that's gonna be two and your power play multiplier is two. Let's take a look at tonight's winning numbers. Remember there are multiple ways to win. Good luck, everyone. We'll see you back here on Saturday night. It's time to play America's favorite.

Powerball Drawing

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Daytime Pick 3 and Pick 4 drawings are held at 3 p.m. daily. They can be seen as live or on-demand video.

Hey there. Good afternoon. I'm Noah Klein. Welcome to this afternoon's draws for Wednesday, April 17th, 2024. Let's get started here with Carolina pick three. That first pick three number is eight, second number is nine. Third number is eight pick 35. Ball number is one. Joining me for this afternoon's drawings are auditor from mcconnell and Jones L LP. Let's move to the Carolina pick four. That first pick four. Number is nine eight third number 64. Number is five and a pick for firewall number is five. The North Carolina Education lottery contributed over $10 billion to educate occasion. Thank you for your support. You get your winning numbers each day at 3 p.m. and again at 11:22 p.m. right here on your exclusive station for the North Carolina Education Lottery.

Daytime Pick 3 and Pick 4 Drawing

Tuesday and Friday Mega Millions Drawing.

>> ACROSS AMERICA WITH MEGA JACKPOTS, IT'S MEGA MILLIONS. HELLO, MAYOR COMES ON CODE IS TUESDAY. APRIL 16TH AND TONIGHT'S MEGA MILLIONS JACKPOT IS AN ESTIMATED A NEW TIES. 148 MILLION DOLLARS. >> DUE TO TECHNICAL DIFFICULTIES. TONIGHT'S DRAWING HAS BEEN TEMPORARILY HALTED. ONCE THE MALFUNCTION IS CORRECTED, THE DRAWING WILL CONTINUE UNDER THE SUPERVISION OF THE AUDITOR. WE SAY TO THE STATION FOR ALL WINNING NUMBERS. >> SPOTTY SHOWERS AND THUNDERSTORMS POPPING UP HOW

Mega Millions Drawing

Fans of the NC State Wolfpack's men's and women's basketball teams are celebrating the teams' run to the Final Four on Monday night on Hillsborough Street at the Memorial Belltower. NC State Chancellor Randy Woodson, Athletics Director Boo Corrigan and Raleigh Mayor Mary-Ann Baldwin are expected to speak Monday night at the event.

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