FOR THOSE WHO WORK WITH AN ADVISOR OR SALES REPRESENTATIVE
Evaluate Your Situation Below
 

 

When you complete this questionnaire, a Legend Advisor will contact you to discuss your answers.
Please indicate what you do not like about your current/previous investing arrangement.
Check All
That Apply
General issues:


1. Investment losses/poor return.
Further Comments
 


 
2. I/We are concerned that i/we are not keeping up with financial market returns and/or will keep up with inflation.
Further Comments
 


3. I/We do not know how to evaluate my/our risk-adjusted returns on my/our monies and determine if they are good or bad.
Further Comments
 


 
4. I/We cannot decide on how best to invest/manage my/our monies and provide our advisor with general guidance as to how to manage our monies.
Further Comments
 


Concerning The Firm/Advisor/Sales Representative:


 
5. I/We realize a mistake can cost us substantial losses in poor investment markets or poor returns in otherwise profitable investment markets. I/We are uncomfortable with my/our existing firm/advisor/sales representative making decisions with regard to managing my/our monies.
Further Comments
 


 
6. My/Our existing firm/advisor/sales representative did not return phone calls or did not respond to my/our e-mails or text messages.
Further Comments
 


7. My/Our existing firm/advisor/sales representative never or rarely initiated contact with me/us either by phone or via a face-to-face meeting with me/us.
Further Comments
 


 
8. My/Our existing firm/advisor/sales representative did not offer to provide me/us with financial planning services.
Further Comments
 


9. My/Our existing firm/advisor/sales representative did not act as a fiduciary (they tried to sell me/us products with commissions).
Further Comments
 


 
10. My/Our existing firm/advisor/sales representative did not keep my/our interests in mind when interacting with me/us (the firm/advisor/sales representative did not act as a fiduciary).
Further Comments
 


 
11. My/Our existing firm/advisor/sales representative did not listen to me/us regarding my/our requests, concerns, goals, objectives, risk tolerance, investment products and/or investment positioning/allocations (the firm/advisor/sales representative did not act as a fiduciary).
Further Comments
 
 
12. My/Our existing firm/advisor/sales representative appeared to struggle to understand how to evaluate investment products and/or securities.
Further Comments
 


13. My/Our existing firm/advisor/sales representative did not explain how the recommended portfolio was constructed for me/us.
Further Comments
 


 
14. My/Our existing firm/advisor/sales representative did not explain to me/us and/or understand how to trade securities cost-effectively. As a result, could cause me/us to pay premiums and/or sell securities at deep discounts unnecessarily. This often occurs when trading individual bonds, stocks, exchange-traded funds (etfs), exchange-traded notes (etns), closed-end mutual funds, structured notes, etc.
Further Comments
 


15. My/Our existing firm/advisor/sales representative does not appear to know how to evaluate my/our risk-adjusted returns on my/our monies and determine if they are good or bad.
Further Comments
 


16. My/Our existing firm/advisor/sales representative did not provide performance return information for my/our portfolio.
Further Comments
 


17. My/Our existing firm/advisor/sales representative did not make or even discuss timely changes to my/our portfolio.
Further Comments
 


18. My/Our existing firm/advisor/sales representative made changes to my/our portfolio too frequently.
Further Comments
 


19. My/Our existing firm/advisor/sales representative offered me/us overly simplistic explanations in answering my/our questions as if the firm/advisor/sales representative were not knowledgeable about the investment products or concepts.
Further Comments
 


20. My/Our existing firm/advisor/sales representative does not appear to understand how to evaluate portfolio managers of the underlying investment products.
Further Comments
 


21. My/Our existing firm/advisor/sales representative charged higher fees than most other advisors − the firm/advisor/sales representative earns more than 1.0%.
Further Comments
 


22. My/Our existing firm/advisor/sales representative sold or tried to sell me/us annuities.
Further Comments
 


23. My/Our existing firm/advisor/sales representative sold or tried to sell me/us life insurance as an investment solution.
Further Comments
 


24. My/Our existing firm/advisor/sales representative did not provide me/us with access to institutional mutual fund managers (lower fund costs) or exchange-traded funds (etfs) − even lower costs.
Other Comments
 


25. My/Our existing firm/advisor/sales representative does not consider income tax-efficiency when structuring my portfolio or when making trades.
Other Comments
 


26. My/Our existing firm/advisor/sales representative often recommended mutual funds� with expense ratios that cost more than 1.0%.
Other Comments
 


27. My/Our existing firm/advisor/sales representative lacked objectivity (recommend only what they want to sell or what their company offers).
Other Comments
 


28. My/Our existing firm/advisor/sales representative offered only commission-oriented products.
Other Comments
 


29. My/Our existing firm/advisor/sales representative recommended only one mutual fund family or at most a few mutual fund families.
Other Comments
 


30. My/Our existing firm/advisor/sales representative offered only commission-oriented products.
Other Comments
 


31. My/Our existing firm/advisor/sales representative charged commissions (used a, b, c, d mutual fund share classes) or recommended products with commissions such as annuities and/or structured notes.
Other Comments
 


32. My/Our existing firm/advisor/sales representative has used the average cost basis (bad) tax methodology rather than specific share lot cost basis (good).
Other Comments
 


33. My/Our existing firm/advisor/sales representative have sold or attempted to sell me/us whole life insurance policies, endowment policies and/or variable life insurance policies as investments.
Other Comments
 


34. My/Our existing firm/advisor/sales representative have sold or attempted to sell me/us structured note products in the past.
Other Comments
 


35. My/Our existing firm/advisor/sales representative does not understand how to evaluate investment products and/or securities.
Other Comments
 


36. My/Our existing firm/advisor/sales representative does not have access to sophisticated investment research information and/or analysis tools (morningstar workstation, bloomberg investment terminal, etc.).
Other Comments
 


37. My/Our existing firm/advisor/sales representative does not have any or has very few investment research staff members to assist with investment selection and portfolio construction.
Other Comments
 


38. My/Our existing firm/advisor/sales representative did not provide accurate performance and/or measure risk (risk-adjusted returns) on my/our monies.
Other Comments
 


39. My/Our existing firm/advisor/sales representative did not provide an evaluation of my/our risk-adjusted returns on my/our monies and determine if they are good or bad.
Other Comments
 


40. Other negatives:
Other Comments
 


41. I/We like my/our existing firm/advisor/sales representative because:
Other Comments
 


42. Other reasons i/we like or dislike my/our existing firm/advisor/sales representative:
Other Comments
 


 
 
 
IMPORTANT:
We invite you to obtain a Free Second Opinion.  Call us at (412) 635-9210.

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