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The most important thing to look out for when meeting an advisor for the first time is: The financial advisor legislated disclosure form.

This is a very important document that gives you, the client, information about the broker, who they represent, their FSP number and contact details. In addition, this document, which needs to be signed by both you and the broker, will indicate whether the broker is working under supervision, and whether they have their own code or are not yet licensed and are working under someone else’s. If the broker has ever been disbarred, this will also be disclosed in this document. Details of the Chief Compliance Officer in case of complaints are also given here.

This document will list the product categories and specific products on which the advisor can offer advice, once they have completely understood your requirements, budgets and expectations. Ensure that you fully understand all of the products and their respective benefits before you sign anything. Always ask for clarification from your broker if there is something you are not sure of, and do not be rushed.

The broker should be able to explain how product premiums will be structured, how they increase as well as any other information related to the costs associated with a policy or investment. There is little use in getting a product that you are unable to afford and that will not yield the benefits you are seeking.

A broker is there for you and should be someone you can completely trust and rely on to give you the best advice.