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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