In these days of instant gratification, the emphasis is on avoiding the ‘middlemen’, even when it comes to the tricky task of planning your financial future. After all, why use a broker when you can access all the services and products you need at the click of a mouse button?
The answer is that it’s critical to plan properly for the risks and conflicts that may arise during your lifetime, and it takes a professional, registered financial adviser to do this. But how do you know that your chosen FA has what it takes? Below, we highlight a few must-have qualities:
Ensure that the services and solutions offered by your financial advisor will go through a rigorous process of being vetted and approved by a group of highly professional individuals at the financial institution he/she works for. This enhances the value and effectiveness of the advice.
Planning your future is a highly personal process and a lifelong journey, so having a relationship based on trust with a financial adviser is non-negotiable. You should be confident that the person you entrust with some of the most important aspects of your life is someone whose recommendations and financial insights you value.
Your potential advisor should have a strong understanding of a wide range of disciplines to assess each option, and then use them to build a unique personal plan that will effectively lessen or protect against any future losses or crises.
It is the duty of a financial planner to help you make informed, responsible decisions about your future.