What Documents Do I Need Before Meeting with My Financial Advisor for the First Time? 

What Documents Do I Need Before Meeting with My Financial Advisor for the First Time? 

Date: May 03, 2020,
In: About Us

Meeting with a financial advisor or another type of financial planning professional can be a smart move for your financial future. But a financial planner won’t be able to miraculously change your economic situation, especially if you don’t provide your financial planner with the right information. If you have a meeting scheduled with a financial advisor in Indiana, it’s important that you come to that meeting prepared. We’ve curated a list of important documents to track down, review, and bring to your first appointment. Please reach out to us directly if you have more questions.

Documents You’ll Need When Meeting with a Financial Advisor

In general, the more information that you can provide your financial advisor about your economic situations and your life, such as where you want to be in five years, when you have to plan kids, etc., the better. When you show up to your first appointment, we advise having already obtained the following documents:

  • Personal identity documents. In order for your financial advisor to assist you in setting up various accounts, investments, etc., you’ll need to provide documents that verify your identity. This includes a driver’s license, passport, birth certificate, and Social Security card. 
  • Proof of income documents. Be prepared with documentation about the various sources of income that you have, including employment income, interest income, spousal support, investment income, etc. Tax documents from the past two-three years generally provide a strong overview of your average income. W-2s, 1099s, pay stubs, and tax returns are all helpful. 
  • Debt documents. No one likes to think about it, but you will also need to come prepared to discuss your debt. Bring documentation of student loan debts, mortgages, auto loans, credit card debt, and any other debt types you have. 
  • Savings documents. Do you have a retirement account or pension fund? How about an education-related savings account? What other forms of savings or investments do you have? 
  • Insurance policy documents. Many insurance policies hold value, such as long-term disability insurance or life insurance. If you have insurance policies such as these, let your financial advisor know. 
  • Estate planning documents. Do you already have some estate planning documents/structures in place, such as last will and testament, or a trust? 

Finally, in addition to the above, be sure to bring the names and contact information of any other professionals who are advising you who may need to interact with your financial advisor, such as your personal lawyer or your bank representative. 

Schedule Your Appointment with Harvest Financial Planning, LLC Today

If you are thinking about meeting with a financial advisor in Indiana, our team is ready to serve you. We offer free initial meetings and are happy to answer any questions you have over the phone. Please reach out to one of our Indiana financial advisors at Harvest Financial Planning, LLC today to learn more. 

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