An article I recently read raised a very good point that is very important for anyone who is looking to work with a financial advisor. It talked about trust and how much more productive a financial advisor can be in managing your money versus you doing it yourself. Here’s a link to the article: http://www.canadafinance.net/financial-advisors-trust-them/
After I read this, I thought to myself and my own circumstances and knowledge as an investor. I personally know next to nothing about mutual funds and other popular types of investments. Therefore in my case, I would certainly prefer to find someone that I know I can trust to manage my money because I know they can do a better job than me.
With that being said, when it was time for me to work with a financial planner, I asked one of my close friends who is very successful and has a lot of money to manage. I asked him who he works with and setup an appointment to talk to his financial advisor.
The guy was of course very professional and helped me to understand what my options were in very plain english. I told him I know next to nothing about all the technical jargon and to spare me any financial speak that would confuse me.
Because I went through a good recommended source, I ended up working with someone who I’m comfortable and confident can do a better job than me.
I would tell anyone that if they think they can do a better job at managing money and assets, then by all means give it a go. The trust factor is a huge piece of the equation so if you do look to hire a financial advisor, make sure you get a good vibe when you talk to them.
Tagged with: Appointment • Assets • Circumstances • Close Friends • Financial Advisor • Financial Advisors • financial planner • Good Vibe • Investments • Investor • Job • Manage Money • Manage Your Money • Managing Money • Managing Your Money • Mutual Funds • Plain English • Recommended Source • Technical Jargon
Filed under: Financial Planning Strategy
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