What qualities or traits would you expect from the ideal financial advisor?
Stephen L asked:
I’m trying to find what qualties or personality traits one would look out for in choosing the apointment of a financial advisor.
I’m trying to find what qualties or personality traits one would look out for in choosing the apointment of a financial advisor.
Your input is greatly appreciated…
Financial Advisor
Las Vegas Financial Adviser
By far the most important criteria is someone you can trust.
You definitely need someone who will listen and tailor their approach to the clients goals. Also I would look for a commitment to learning, because it is a complex fields with constantly changing situations such as tax laws and investment products.
Las Vegas Financial Adviser
I would say that honesty and integrity are most important. I would advise you to use a fee-only planner rather than one who earns from commissions. In addition, seek out someone that has the necessary certifications (i.e. CFP, RIA). Anyone can hang a shingle and call themselves an ‘advisor’ without any prior experience or qualifications.
Financial Advisor
a real tightwad
Financial Advisor Las Vegas
Look for someone who you can trust and have a long-term relationship with. Many financial planners are in the business for the large commission. I know plenty of them and was asked to join the business, but rejected the offer because their business structure sells poor products for high commission. What’s worse is their business is growing, because they take advantage of less knowledgeable immigrants. A certificate means nothing more than a piece of paper. What’s more important than finding a financial planner is making sure that you do your own research. No one knows your own needs better than yourself.
Good Luck
Financial Advisor Las Vegas
Warren Buffet would be an excellent example of what is ideal.