Investor Quiz

To really uncover the knowledge behind your investment strategy and costs, be candid and select the truest answer.

  1. How is your money being managed?
    A "Buy & Hold" strategy that holds my investments long-term.
    Not sure.
    Actively managed every day with a clear sell discipline in place on each holding.
  2. Do you understand how each investment works, the reasons you own it and all fees attached for your holdings?
    No. I don't know how the holdings are managed, the reasons for owning them or the fees associated with them.
    Not sure.
    Yes. I'm clear how each investment works, why I own it and all the fees associated.
  3. How well are your investment interests aligned with your advisor's interests?
    Don't know. My advisor may have incentives or rewards they receive to hold an investment without me knowing it. Our interests may not be aligned.
    OK, I think.
    Great! My advisor gains no rewards or incentives to hold onto any of my investments. Our interests are aligned.
  4. When is your advisor paid for their services? (Do you really know?)
    My advisor is paid upfront when the investment is purchased.
    Don't know.
    My advisor is paid monthly or quarterly as we go.
  5. Are there penalty fees to exit?
    Yes. There are redemption fees and/or surrender fees to pay when I leave.
    Don't know.
    No. There are never penalty fees when I leave.