What to ask a financial advisor

Download our checklist here and take it with you

• Are you regulated by the Financial Regulator?    
• Are you tied to any financial institution?    
• Is your advice “independent” as defined by the financial regulator?    
• What financial products do you think I need?    
• What other financial services do you think might be of interest to me?    
• What are your commissions?   
• Where are your “terms of business”?    
• How much do you think I can borrow?    
• What would happen if I missed a regular payment on this product?    
• Are there any risks with this product?    
• What are they?    
• Do I have a cooling off period?    
• How long is it?    
• Can I make lump sum payments into this policy?    
• What are the tax implications of this product?    
• What are the implications if I am or become self employed?    
• What are the implications if I am made redundant?    
• How does this product affect social welfare payments I receive?    
• Will payments I have to make into this product increase?    
• If yes, by how much?    
• What is the term of this product?    
• When can I NOT make a claim from this product?    
• Is this product linked to an interest rate?    
• What is that interest rate    
• Could that interest rate change?    
• Are there penalties for early repayment?    
• What documents do you require from me?