Questions Your Financial Advisor Should Ask You

Questions Your Financial Advisor Should Ask You

Financial Advisors in Port Elizabeth

  1. What are your most important financial concerns?

Most people first seek out advisors when they have specific financial concerns. Those concerns should be addressed. That’s not to say that other issues won’t be uncovered, but remember this is about you. So you should be the focus.

  1. How do you make important investment and financial decisions?

 People have all kinds of ways of dealing with money. Some people meticulously track everything because the organization and control gives them a sense of security. Some people hide their head in the sand because money creates so much anxiety that they don’t want to deal with it.  Your advisor should want to know your approach so he/she can figure out how to best work with it.

3 .What changes do you expect in the future in your finances that you wish to plan for?

If you’re in your 20s, 30s or 40s, you’ve likely already experienced a lot of change in a short period of time.Your advisor should understand all of the potential changes coming your way and be able to help you prepare for them.

4.Is your outlook generally optimistic or pessimistic concerning the future?

Now we’re getting into things you may have not initially thought a financial advisor would address. But your money mindset is key to understanding some of your behaviors around money. So knowing traits like whether you’re optimistic or pessimistic about the future can help your advisor address any underlying issues about money you may have.

5.Have you ever worked with a financial advisor before?

Your previous work with an advisor is important for a couple of reasons. , advisor covers a wide range of concepts. So it’s good to understand what experiences you’ve already had and how they’ve impacted your understanding of what financial planning is. Second, if you’ve never worked with an advisor before, your new advisor should help you understand what his or her process is like and how it may differ from other advisors.

We aim to deliver the best possible financial advice, services and products to a diverse range of clients. Our primary goal is to assist our clients in achieving their financial objectives and ultimately, attain complete financial piece of mind.


2018-09-17T20:50:33+00:00 Latest News|

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