Thinking About Working With a Financial Planner? Here Are the Questions That Really Matter
There comes a point when you want more clarity, confidence, and structure around your money. And for many people, that means speaking to a financial planner for the first time. If you’re taking that step, the questions you ask in that first conversation can shape the partnership that follows. Here’s how to make the most of it.
You Already Know More Than You Think
You make financial decisions every day that reflect real investment principles.
Before you walk into your first meeting, it’s worth recognising something important: you already understand more about financial decision‑making than you think. Whether it’s:
applying to multiple universities, (Diversification)
choosing a job with a better pension, (Risk vs Reward)
or wearing a life jacket even when you can swim (Risk Mitigation)
These all mirror core investment principles. This first conversation isn’t a test. It’s the start of a relationship with someone who should help guide your financial decisions for years to come.
The Questions That Matter
1. What’s your investment philosophy?
A planner’s philosophy is their compass, the thing that keeps them (and you) steady when markets wobble or the headlines are noisy. Be cautious of anyone claiming to eliminate risk or reliably beat the market. A grounded planner will say something closer to:
“I can’t predict the future, but I can help you prepare for it.”
2. How do you get paid — and what am I paying for?
Transparency and alignment matter.
In the UK, planners typically charge via:
% of assets under advice
fixed annual fees
hourly rates
Ask for a full breakdown of all costs, including platform fees and fund charges. A good planner will explain it all simply and confidently.
3. Do you work with people like me?
Your situation matters, your life stage, family circumstances, business interests, and long‑term goals all shape the advice you need. Good planners can talk through how they’ve helped people in similar circumstances (while protecting confidentiality).
4. “How will you support me beyond investments?”
Good financial planning isn’t about picking funds, it’s about your whole life.
Support may include:
tax‑efficient planning (with your accountant)
pension strategy
protection planning
estate and inheritance considerations
cashflow modelling
family financial education
Investments are just one part of the wider plan.
5. “How are my assets protected?”
Your investments should be held with an independent, FCA‑regulated custodian or investment platform, never by the planner personally. This separation provides transparency and security.
Building a Partnership That Lasts
Bringing thoughtful questions helps you get the clarity you deserve. It also helps your planner understand what truly matters to you.
You’re looking for someone who:
understands you
simplifies the complex
guides without judgement
acts as your long‑term thinking partner
If you’re preparing for this step, it’s already a sign:
you’re ready to build one of the most important financial relationships of your life.