How Do I Choose An Investment Advisor? These are examples of four major designations, but there are other designations or licenses in the industry. Be sure to understand the requirements of a designation prior to engaging any advisors.There is no substitute for experience. An investment adviser should have experience in managing personal investment portfolios similar to yours. Look for a fee-only investment adviser. Fee-only means that the adviser charges either a flat fee or a fee based on a percentage of assets under management. Commission based compensation encourages an adviser to make trades in order to generate income.Request a copy of SEC Form ADV Part II or go to www.advisorinfo.sec.gov. This will provide you with information about any disciplinary actions, investment philosophy as well as other information.Request a MeetingRequest an initial meeting to determine compatibility and availability. This meeting should be free of charge. Make sure you meet with the adviser that will ultimately provide services to you.