Most investors are in the relationship for the long-term, so it’s important to choose the right financial advisor from the start. With that in mind, here are some questions to ask a financial advisor so you can find out if you and your would-be advisor share a potential money connection.

While Kolbenschlag's firm doesn't prepare his clients' tax returns, he's done a fair amount of consulting to ensure that the business owners with whom he works don't come back with "sticker shock" when they see the amount they owe. He said he's seen PPP funds end up on the company's profit-and-loss sheet, which artificially inflates its income and thus its tax bill.

Recently I was speaking with a journalist who was writing an article on the topic of value. Specifically, they posed the question: “How can financial advisors demonstrate added value to their clients?”

When you think about your legacy, what comes to mind? How much money your kids will be left with? The property in the mountains you have so many great memories in? Does your impact on the community surface?

According to EducationData.org, the average annual cost of a four-year, in-state public college education is $21,950, which includes $10,440 for tuition and fees and $11,510 for room and board.

Publication: Charlotte Business Journal. Featuring: Nick Kolbenschlag. For those who are lucky enough to have one, a pension plan can be a wonderful piece of the retirement income pie. For most, there is not much thought involved with the pension plan decision; turn it on when you retire and select the option that continues 100% of the income for your spouse if you pass away. While that works just fine, you’re most likely leaving money on the table, and you lack control of the asset. Let me explain why.