Five Questions for Your Financial Advisor

Due to the complexities of planning, saving, and investing for college, many parents enlist the help of a financial advisor. While this is no doubt a step in the right direction for many parents, choosing the wrong advisor can become a major setback.

While it is virtually impossible to know how an advisor will perform compared to other adviosrs, there are five key questions each parent should ask their new or existing college planning financial advisor.

Here's an abbreviated version of the list. You can see detailed explanations of the questions (and the answers you should look for) by reading my full-length article on "Five Questions You Should Ask Your College Planning Advisor."

1. What Are Your Credentials?
2. How Do You Charge for Your Services?
3. How Much Do Your Know About Financial Aid?
4. What's Your College Fund Investment Philosophy?
5. Which Section 529 Plans Do You Clients Have Access To?

Read the full article.

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To ask a college planning question and have the answer featured in an upcoming blog, email Ken Clark at CollegeSavings.Guide@About.com.