59 Questions to Ask Your Financial Advisor During an Annual Review

Do you have a financial advisor? If so, it’s important to keep track of your finances and make sure everything is on track. One way to do that is by scheduling an annual review with your financial advisor.

However, it’s not enough to show up for the meeting. You need to be prepared with questions, too! Here are some questions to ask your financial advisor at your next review.

59 Questions you can ask your financial advisor during the annual review:

  1. How am I doing compared to my financial goals?
  2. What can I do to improve my financial situation?
  3. What are some potential risks to my financial future?
  4. What can I do to reduce those risks?
  5. Should I be saving more money? If so, how much?
  6. Should I be investing more money? If so, where should I invest it?
  7. What are some other ways I can grow my wealth?
  8. Should I be paying off debt? If so, how much should I pay each month?
  9. What is the best way to save for retirement? 
  10. When can I retire comfortably?
  11. Should I consider buying life insurance? 
  12. Should I start a 529 plan for my child’s education? 
  13. What are some tax-advantaged ways to invest money? 
  14. What else do I need to know about investing in order to reach my financial goals? 
  15. Do you have any other recommendations for me based on my current financial situation? 
  16. What were the biggest financial headlines this year and how did they impact my investments? 
  17. What progress have I made toward my financial goals? 
  18. Am I still on track to reach my goals? 
  19. Do I need to make any changes to my portfolio in order to stay on track? 
  20. What has been happening in the markets lately and what does it mean for my investments? 
  21. Are there any new products or services that you offer that I might be interested in? 
  22. What are some things that I should be aware of in the coming year? 
  23. What tax breaks or opportunities am I missing out on? 
  24. Should I be contributing more to my retirement account? 
  25. Do I have enough insurance coverage? 
  26. How did your firm perform this year? 
  27. Do you have any concerns about my account or investments? 
  28. Is there anything else that we should discuss today?
  29. What is your investment philosophy?
  30. What experience do you have with investing?
  31. What is your track record of investment success?
  32. What are your credentials?
  33. How are you compensated for your services?
  34. What fees do you charge?
  35. What is your approach to asset allocation and portfolio construction?
  36. What is your process for making investment decisions?
  37. What criteria do you use to select investments?
  38. How often do you review and rebalance portfolios?
  39. What tax-management strategies do you use?
  40. Do you use any alternative investments, such as hedge funds or private equity?
  41. Do you make recommendations about insurance or estate planning?
  42. What happens if I need to sell my investments in a hurry?
  43. Can I see a copy of your Form ADV before we start working together?
  44. What is your approach to risk management?
  45. What are your thoughts on market timing?
  46. What are your thoughts on active vs passive investing?
  47. What are the potential risks and rewards of investing in XYZ stock/fund/etc.?
  48. What are your thoughts on investing in the XYZ industry/sector?
  49. Are there any red flags I should be aware of when it comes to my financial situation?
  50. What is your experience with working with clients in my situation?
  51. How often do you communicate with clients?
  52. How do you keep abreast of changes in the marketplace and news that might impact my investments?
  53. What criteria do you use when making investment recommendations?
  54. What are the risks and potential rewards associated with the investments you are recommending?
  55. What other options are available besides the ones you are recommending?
  56. Why do you believe the investments you are recommending are right for me?
  57. What would you do if my investments lost value?
  58. What is your strategy for rebalancing my portfolio?
  59. When can I expect to see results from the investments you are recommending?

Frequently Asked Questions

What is an annual financial review?

A financial annual review is usually an examination of a company’s financial statements for the past year. It helps business owners and investors understand how the company performed financially, identify potential problems, and make decisions about the company’s future. The review includes an analysis of revenues, expenses, assets, and liabilities.

Are you better off with a financial advisor?

There is no universal answer to this question because the best financial advisor for you depends on your specific needs and goals. However, a good financial advisor can help you make wise investment decisions, plan for your retirement, and manage your overall financial health. If you’re looking for someone to help you manage your money, a financial advisor might be a good choice for you.

How do you prepare for a financial review?

First, make sure you have all your financial documents organized and easily accessible. Next, take some time to review your finances and look for any anomalies. Finally, be prepared to answer any questions your accountant may have.


Asking your financial advisor these questions during your annual review will help you stay on track with your finances and achieve your long-term financial goals! Financial success is attainable – but you need to be proactive and ask the right questions to achieve it.

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