Finding the right financial advisor is crucial to help you with your important financial decisions and help you make the right investment choices. Find out how to find the right financial advisor.

Not everyone is qualified enough to champion the stock market and make the wisest investment decisions at the right time. Most simple and hard-working individuals rely on expert financial advisors to help them with the best retirement investments, amongst other investments from time to time. However, finding the right financial advisor that will focus on your specific financial goals and help you to reap the benefits of better financial decisions is crucial. You will find a lot of financial advisors that focus on sales and how much commission they will be able to obtain from an investment. While such perspective is good for the interest of a financial advisor, it may not be a safe and reliable option for you as an investor. So how do you pick the right financial investor for you and ensure that he is honest and diligent? Here’s how:

1. Is your financial advisor transparent in his disclosure on his financial credentials?

One of the most important sign that proves that your financial advisor is honest with you, can be determined by how transparent he is regarding his academic credentials. In today’s world, anyone can claim to be a financial expert, quoting years of experience. However, you must always check their relevant academic credentials to see whether they are certified financial advisors. Common professional financial qualifications to look out for in your financial advisors are: CFP, CPA, CFA, CA; amongst others.

2. Time Management –Many financial advisors take up too much on their plate when they are focusing on commission and sales, making it hard to provide dedicated time and effort to each and every individual. A good and honest financial advisor will be able to provide you with dedicated time for your financial goals, especially when you need time with him/her regarding a specific financial situation, which warrants their attention.

3. Lack of Proper Communication – A good and honest financial advisor will always maintain seamless communication with you to avoid any misunderstandings. Also, if you notice that a financial advisor is facing trouble explaining the financial technicalities; his communication skills are not up to the mark. It also sheds light on his technical knowledge.

4. Empty promises – An honest financial advisor will be straight with you and will not beat around the bush, when it comes to important financial decisions and status. Being honest and open with you is crucial to build trust and better professional relationships. If you find that your financial advisor does not live up to the promises made at the time of initial handover of your financial accounts, you may need to find a new one.

5. Realistic Expectations – Setting up of realistic expectations is a good mark of an honest financial advisor. Right now stopping you from making a wrong investment decision, to explaining the details of a financial process, a good financial advisor will always set the right expectations and not lure you with unattainable feats.

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