Many people, for fear of not finding a trusted financial
advisor, decide to plan the destination and amount of their investments
themselves . Rare is the time that the popular proverb does not have the key:
shoemaker, to your shoes. Delegating to professionals is one of the healthiest
decisions you can make for the return on your investments, but, as with a good
partner, it is not always easy to find the right person. [Need a help this
month? Apply for your loan here ] Are you looking for a financial advisor? Read
these tips and choose without fear of making a mistake.
7 questions
to ask yourself to make the right choice with your financial advisor
1st. Are you
certified as EAFI?
This official accreditation as a Financial
Consulting Company was born in 2008 to separate the type of services offered in
the sector. Since then, on the one hand there are the professionals who advise
on investments , analyze them and create financial reports, and on the other
the corporate ones, who advise on mergers, capital increases, etc. It is the
National Securities Market Commission the one in charge of granting the
certification, which is a guarantee of choosing well . Make sure your advisor
has it.
2nd. Is it
100% independent?
You must be clear that the function of a financial
advisor is not to sell products . His role is to put himself in your shoes and
recommend you with neat impartiality what is the best thing you could do with
your money at all times. However, it may happen that the so-called professional
receives some kind of reward for encouraging investment in certain financial
products. The guarantee of success cannot exist but the honesty and
transparency of your advisor, that they do not slip it to you .
3rd. How
much experience do you have?
How long has it been in the ointment? The
experience of an advisor gives him an extra capacity of intuition, a kind of
sixth sense to make better decisions for your money. But beware, there are very
expert young people and seniors who seem to have just left college; experience
and age do not always go hand in hand. Try to contrast the information and look
for opinions .
4th. How do
you charge?
There are many possible ways to pay an advisor
their fees. It can charge you a commission , that is, take a percentage of your
profits, charge a fee for its services or sell its services by the hour for
specific consultations, which one suits you best? Evaluate and decide.
5th. How
often will you have contact?
It is important to know if it will be at your
disposal when you need it or how often it will give you information about the
status of your portfolio. Both parties must be clear about it to avoid
misunderstandings.
6th. Does it
know and adapt to your investor profile?
Each person has a different investor profile . Risk
aversion varies not only between people, but even depending on the different
life situations of a person. A good advisor is able to recognize it and adapt
her advice to your needs.
7th. And
we're not talking about how much it costs?
We have not mentioned price in the entire article
because a good advisor is not expensive or cheap for what they charge . An
advisor may seem very cheap and his decisions end up being very expensive. Or
vice versa, and that an advisor that seems expensive becomes your best
investment. In the latter case, you can say that you have chosen a good
advisor. Do you need extra help? We have our fast credits with which we offer
you up to 1,000 euros (300 if it is the first time you request it) so that you
can easily face any unforeseen event. In 10 minutes and with hardly any
paperwork!
Posted by: John
Labunski
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