Choosing the right financial adviser

One of the top goals of our blog is to help clients to choose the right financial adviser. This is not an easy task for sure. However, if you keep in mind the below key points you should be able to avoid the biggest mistakes some people do when selecting their financial advisors. Key point 1: Ask you the following question: Do you really know who the person who manages or will manage your investments? You do not need to know the person who will manage your assets well but you need to be sure that you know if this is the same person that you are talking to when you have questions. Do not hesitate to ask your financial adviser if it will be him or her who will directly manage your portfolio. Key point 2: Never consider your financial adviser as a friend. Your financial adviser does not work for you for free and she or he is not your friend regardless of what he or she can say. Vigilance is always needed to avoid scams. Key point 3: Before investing, investigate!! Questions that you need to ask your financial adviser include the below: 1. What degrees do you have? A degree in an investment-related field from a top school should be required. 2. What are the fees and the fees system? Here we want to have a clear answer. 3. Can you explain me your general investment strategy? In our next entry blog, we will review the questions that you need to ask yourselves before choosing a financial advisor.