Two myths debunked about financial advisors

1. An independent financial advisor does the same job as a non-independent financial advisor A non-independent financial advisor is an advisor that works for a bank institution. He or she has a duty to this institution and consequently has to favor the products his or her institution has to sell. We actually know many financial advisors working for major banks who just do that because they simply do not have a choice. On the other hand, an independent financial advisor does not have this issue and does not have products to sell which means that his or her interests are more aligned with yours. Our table of financial advisors comprises only independent financial advisors. 2. If I have a small amount to invest, most financial advisors if not all will not be interested in taking me as a client That is a very common misconception. In reality, the vast majority of financial advisors accept clients even if they do not have a huge amount to invest. Why? Simply because the fact that a prospective client does not have a lot of money to invest right now does not mean that he or she will never have more money to invest. What is of interest for financial advisors is to understand the motivation and the attitude of these potential clients. It is, however, true that some financial advisors have a minimum amount required to start investing but this amount is most of the time quite low.