Meeting up with an OCBC advisor next week, may I know what kind of questions should I be asking?

This is my first time meeting any Wealth/Financial Advisors so I just want to know more about what to expect and not get myself into something I do not need. I am a firm believer of investment and looking at BCIP as one of the option for RSP. May I know what kind of questions I should be asking and what should I avoid? Thank you to anyone who responds.

Discussion (5)

What are your thoughts?

Learn how to style your text

John Lee Hong En

07 Jul 2020

1st Meeting:

Check license & credentials of advisor
Assess your needs & objectives
Analyze your cashflow & networth
Discuss a suitable budget to be set aside for your objectives

Meeting 2

Discuss proposed options
Discuss the advisor's unique selling point (USP)
Discuss alternatives and opportunity cost

Save

Elijah Lee

02 Jul 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

As Arron has so succinctly put it, we are here to provide advice, but it is ultimately your choice to act on it (or not). So go with an open mind and remember not to commit anything on the spot; always take some time to go home and think it through.

On a side note, is there a reason why you are meeting the advisor? Did you ask to meet someone, or was this a cold call? Did you have some specific query that this advisor contacted you to answer and subsequently arranged this meeting? If you could provide more details, I could give you some questions that you would want to ask.

Save