Finding the “right” financial advisor involves some tough decisions. I have been looking in the market for the right one and I have no idea what to look for, this statement is so common when we look for the right person to advise us. Here are some questions that we must address to find the “Right” Financial Advisor:
1. How long has he been in the business? More years in the field means more possibility of having more knowledge in the flow of the market. How changes happen and how the market gets influenced, thus affecting your investment.
2. How many clients the advisor has at present and in the past? Having too many at present may also not be good for you because it will be difficult to get his help when you need to because of availability. More clients may mean less time for you. But then there are Financial Advisors with big client database but are still able to address all their concerns. The financial advisor should be able to answer the question "how he is able to manage the needs of his clients". How he handles his schedules and how he makes his own set of priorities?
3. What is it that you need? This is most important, knowing what it is that you need. It will be difficult for you to find the Right Financial Advisor if you do not know what you need and what you have already. Identify your needs so it will be easier for you to find the right Financial Advisor that fits you.
Keeping it real is the difficult thing to come by. And that is what you are doing. Bravo!!
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