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Top Tips For Finding The Perfect Investment Advisor

Author: Robert Smith
by Robert Smith
Posted: Aug 03, 2014
investment advisor

In the world of the internet, finding good, solid and hardworking investment advisors is really quite difficult. After all, how do you know who to trust? And, if you’re feeling a little bit jittery about trusting an investment advisor with your money, then don’t worry; you’re not alone. After all, you might, potentially, be entrusting them with your life’s savings and, let’s be honest, you don’t want to put your hard-earned dollars into the hands of an under-qualified imbecile, do you? So, the question is, where are all of the trustworthy investment advisors these days? Well, if you know how and where to look, they’re really not all that hard to find.

The best advice when it comes to find a good investment advisor is to stick with the professionals. You must check their certificate. These days, it’s easy to find a certificate online and hang it in your office but, as a client, you need to be sure that the advisor who you’re paying is the real deal. Check with well-known and respected designations such as the Certified Financial Planner or the Personal Financial Specialist before you give the investment advisor a single dime.

Before you go to an investment advisor, you need to be clear on your needs. Not all investment advisors can offer you advice on every single topic. Some advisors might specialise in retirement whereas other investment advisors may be all-rounder’s and cover taxes and estate planning as well as everything in between. If you need advice on a variety of financial matters, make sure that your advisor is an all-rounder whereas if you only want advice on one financial area, stick with a specialist.

You probably wouldn’t hire a new employee without interviewing them first so why should it be any different for an investment advisor? You should interview at least three certified professionals as well as asking them from referrals from previous and current clients.

The amount you’re paying your investment advisor is pretty important. If you only want one job done, you don’t want to end up paying a yearly percentage. On the other hand, you don’t want to end up having to shell out your money constantly when the transaction could be completed on a yearly basis. Before you start paying, make sure that you know what you’re paying for. After all, you don’t want to lose your money by trying to gain money through investment advice.

When you’re looking for Investment Advisors In NY, you want to make sure that, you don’t jump the gun and accept the first investment opportunity which the advisor offers to you. Whilst it may be quicker than sifting through a wide variety of products in the short term, you will live to regret that somewhat dodgy investment.

All self-respecting investment advisors will put up fancy charts and presentations but, you must not be impressed by these. After all, it’s the money which matters and not the investment advisors PowerPoint skills. It doesn’t matter how good the poster is, if the investment has underperformed, you do not want to go anywhere near it.

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Author: Robert Smith
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Robert Smith

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