Money matters. A financial advisor is someone that you entrust to help guide you toward a better financial future. This responsibility is not to be taken lightly, and selecting the right financial advisor is one of the most important decisions that families, businesses, and entrepreneurs will ever make.
There are many people who call themselves financial advisors, but far fewer who truly have the passion, knowledge, and experience to provide exceptional service. Acquiring a license or certification does NOT necessarily make a person qualified to deliver guidance that will help grow their client’s wealth.
Your relationship with a financial advisor is a marathon, not a sprint. Every move you make together should be plotting a course towards financial freedom, and YOUR ultimate goals. YOUR best interest should be top priority, and as such, there are some things to look for in a financial advisor that will make sure you make the right choice!
A Real Financial Advisor is Knowledgeable
A license doesn’t make someone truly qualified to offer SOLID financial advice. What’s important to look for in an advisor is knowledge. When a financial advisor has a long track record of success and qualified for designations like CFP, CLU, TEP etc., you can be almost certain that they’re able to financially guide you through whatever stage of life you may be in—and set you up for future success.
A Real Financial Advisor has Character
You’ve worked hard for the wealth you’ve built up to this point. The relationship between you and your advisor goes well beyond the professional and should be a personal one. After all, you’re trusting this person with everything. Your advisor should have a flawless professional and personal record. The way they conduct themselves outside of the office is a huge indicator of how they’ll handle your money. They should have a strong work ethic, poring over financial data and news to ensure their information is current and applicable to YOUR money. You should trust your advisor as if they were a friend, BEFORE you let them handle any portion of your wealth.
A Real Financial Advisor is Trustworthy
Unfortunately, there are too many “financial advisors” who are more interested in lining their pockets than growing your wealth, and helping you reach your goals. The first thing you’ll want to look for in a financial advisor is whether or not they are a fiduciary. A fiduciary is LEGALLY required to make decisions that are in the best interest of their clients. This offers the added peace of mind of knowing that your advisor has your back.
A Real Financial Advisor is Communicative
There are ebbs and flows in the market. When you see the market plummet on a given day, you want to be able to call your advisor, have them address your concerns, and formulate a plan that keeps your goals on track. Beyond that, if one of your investments is underperforming, your advisor should call YOU to let you know, and perhaps change strategy. Every step of your journey should be transparent, and your financial advisor should have clear answers to all questions relating to your goals.
A Real Advisor You Can Count On
Peyman Salari, as a certified financial planner (CFP®) has been working with high-end corporate clients and business owners. He has guided clients through the complex field of finance to help them achieve their financial goals. Peyman believes every client is important and that each relationship must incorporate all these characteristics to succeed.
