How do I know when I have enough information to act on choosing a financial advisor?

For this planning decision, a professional recommendation should explain the assumptions, alternatives, conflicts, and total cost in plain language before you act. When cash flow and priorities are reviewed together, start by identifying whether the professional and firm are acting as an investment adviser, broker dealer, insurance producer, or in more than one role. When the household's goals are considered, before hiring a professional, verify registration, review Form CRS when applicable, and compare services, conflicts, and the total dollar cost.