Is your financial advisor the right fit for you ?

Buying a house is no easy task; take the time to seek advice from trusted financial advisors before you make your decision.

Is your financial advisor the right fit for you ?
Does your financial advisor really get it !!! Has he taken the time to really get to know you as a client and properly assess your financial situation.

Personal experience has taught that unfortunately not all of them do, get it that is. I’ve been in the field for many years. I’ve trained and coached many financial advisors in credit and investments; some will do better than others but a good proportion really don’t have the energy, the will or the skill to properly advise their clients.

If you throw into the mix that clients change hands as they are passed on from one financial advisor to another (due to the advisors either changing banks, retiring, getting promoted, demoted, quitting, etc… ) the financial field is constantly in evolution, so do your homework before you choose who you want to deal with.

Here are some of the key elements that you need to take into consideration before you make the important decision of entrusting your finances to an advisor.
1. Check out his background. It is a mistake not to check out the background of someone with whom you are placing such valued trust.
2. Asking a lot of questions. Too many people become passive around financial advisors. It is important to ask questions and determine what his or her plan of action will be and how your money will be invested. Prepare yourself by making a list of questions before meeting a financial advisor.
3. Make sure your advisor is the right fit for you. Make sure you feel comfortable discussing your finances in an open and honest manner. You have to “click” with your advisor; if you don’t then he’s not the right one for you.
4. Provide full disclosure. If you do not provide the advisor with your overall financial picture, then you are not taking full advantage of his or her expertise and you will ultimately only hurt yourself, as he won’t have all of the variables of the equation in order to draw up a financial roadmap that works for you.