If you’re looking for a professional to handle your money try connecting with a financial advisor. Why struggle to time the market and grow your nest egg when you can consult an experienced professional? The market is subject to wild twists and turns. Amateurs – let alone professionals – have a tough time trying to spot tops and bottom. Factor in your lack of experience with handling a series of investments and you need to look to a trusted source to ensure your prospering retirement. Since you likely lack the emotional discipline of a seasoned, veteran money manager you’ll need to do your homework on advisors.
Find the right fit by doing offline and online due diligence. This combined approach helps you connect with a financial advisor who fits your specific needs.
Experienced FA’s have been through the emotional roller coaster of both bull and bear markets. Pick a professional with at least 5 to 10 year’s worth of experience to feel confident in their ability to weather financial storms. Don’t rush to choose an advisor who hasn’t been around the block at least a few times. You can’t recreate the pressure and stress money manager’s experience unless you’ve handled large sums of money for clients. Buying into an FA becomes easier if you’re working with a professional who has seen the extremes of the stock market. Don’t forget to check schooling too; research where the money manager received their degree to ensure that you’d be working with a competent individual.
Proven Track Record
Financial advisors who’ve regularly bested the market average are a smart choice for you. If they beat the averages you can feel better about selecting an advisor. Note; FA’s should be experienced handling money in alignment with your net worth. Whether you’re a high profile, well-heeled client or someone with less money to squirrel away work with a professional who has successful handled similarly-sized accounts.
This may go without saying but stay away from professionals who’ve run afoul of the law. Some may have lost their way once but you’re better off choosing with a financial advisor with a clean record. Fear, greed and hope can create a dangerous cocktail that some money managers drink too frequently. Even top financial advisors are not immune from letting their emotions cloud their judgment. If the emotions are too strong these pros may stop heeding their moral compass. Work only with financial managers who have experienced no problems with the legal system.
The Right Company
Even if an advisor seems to be a perfect match the range of products and services offered must align with what you need. Shrewd, successful money managers work for companies which present clients with a wide range of prospering solutions. Make sure the company where you’re planning to invest your hard-earned money offers both advisors and financial packages that are attractive to you and your family.