How to recognize a good investment advisor?
by TM Maria Be a king in your own kingdomIn a constantly changing context, it is increasingly
difficult to be accompanied by investments and wealth management. And the
arrival of digital in the banking and heritage world does not always facilitate
things.
Which address? How to choose your advisor? What are the
criteria to prioritize to best target the professional who will accompany you
over time? What are the good questions to ask before making your decision?
In the heart of this article, we give you some keys to
choose your interlocutor in terms of investments. If you need an advisor now
then click on financial advisor Anaheim
Hills CA.
1) Check the degree
of skills and professional approvals of your interlocutor
First and foremost, as a lay person, you need to ask about
the skills and professional abilities of the person who is supposed to help you
manage your money; including your banker or your family insurer.
You should know that there is a precise regulation on the
professions of the Council in Wealth Management, Financial Investment Advisory,
Brokerage in insurance products and solutions or the sale of real estate.
2) Define with your
advisor your project, your needs, your objectives and your means
A determining factor that should help you in your choice of
companion lies in the approach of this one. The priority is above all to define
your risk profile and your needs through a heritage audit. This support will
allow your advisor to better understand your objectives and to present you
recommendations in line with them while respecting your means.
This step, as well as the following ones, must be quickly
formalized through a letter of mission which will frame your relationship with
your advisor, the amplitude of his mission and the commitments of each one.
3) Dematerialized or
not, the "free" advice does not exist
Once validated the competences of your interlocutor and
launched the process of accompaniment, the question arises naturally of the
cost that can represent the intervention of an independent Advice in Wealth
Management or a Consultant in Financial Investment.
First of all, please note that there is no minimum amount of
wealth to hold to use an investment professional. There are more and more tools
to "democratize" the patrimonial council.
4) Privilege today
the transversally of the council to approach your problems with a global vision
A recurring question can arise when you, saving, decide to
be accompanied in your heritage strategy. Do you have to favor a specialist, a
generalist or bring together several professionals around a table?
There is no better solution than another. Each diagram can
be adapted to your expectations and your mode of perception of a commercial
relationship over time. It goes without saying that privileging a professional
with the ability to have a global and transversal vision of your issues is a
real plus . It is essential in terms of investments to ensure the impacts and
consequences that an investment can have on the rest of a portfolio, both in
terms of overall exposure to risk, as well as at the tax or estate level.
5) Look for pedagogy
first, because understanding your investment is the basis of your future
success
The first quality that your CGP or CIF must have is its
ability to "popularize" a speech that can sometimes be very
technical. Beware sometimes interlocutors who display their knowledge with a
plethora of unverifiable legal references or indigestible technical words for
the layman that you are.
6) The positioning of
Netinvestissement.fr?
To be "Glocal" is to have a global approach
through the digital and local with local practices in Paris and the region in
order to sweep all the needs of French savers.
The use of digital tools and a strong presence on the web
allows to open many fields of action and gives access to a very complete offer
in solutions and patrimonial products. However, the dematerialization and
dehumanization of the web tool can scare or repel a certain type of customers.
Hence the idea of ​​continuing to support a more traditional advice and support
model with the possibility of receiving clients in premises or building a
network of relationships.
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Created on Mar 29th 2019 12:43. Viewed 483 times.