The best way to have your financial planning done right is to hire a professional financial planner or an investment planner or get in touch with an online investment planner. However, the biggest hurdle that we face while searching for financial advisors is how to determine the trustworthiness and competency of these professionals.
To check their trust quotient is quintessential because unscrupulous or incompetent financial advisors can wipe out a lifetime’s hard work and savings which surely will be emotionally draining, destructive, and costly.
How to find trustworthy & efficient Financial Advisors?
The best way to find efficient and trustworthy financial planners is to cross-check them on two levels: 1. Professional Qualities and 2. Personal Qualities
What are the professional qualities that one must look into while finalizing financial planners?
a) Competence
“One moment of incompetence can be fatal.”
As clients are dependent on the advice and guidance of their financial planners, amateurish and unskillful ones can do more harm than good. To find out the competence and knowledge of investment planners or online investment planners the best is to check Client Testimonials which are generally available on Google and Personal Finance Business Listing sites. By making a background check, you will be supportive in finding the most trustworthy financial advisor. Another effective way of finding trustworthy financial planners is personal recommendations from family, friends, and colleagues.
b) Experience
“Inexperience is as bad as ignorance, calls for avoidance.”
Inexperienced financial advisors or amateur online investment planners can do more harm than good to the investments of their clients. If investment planners lack long years of experience and exposure to different scenarios of market cycles and regulatory changes in the industry then they cannot successfully satisfy clients.
c) Capability to decode clients requirements
As clients come with different sets of needs, financial advisors who are adept at understanding clients’ requirements are best suited for this task. There is no fit-all concept in financial planning, therefore personalizing and customizing are in the hands of investment planners.
What Personal Qualities must good Investment Planners possess?
- Honesty
- Integrity
- Willingness to help
- Farsighted
- Forward-Looking
- Proactive
- Maturity
- Patience
These are the utmost required qualities in a financial planner, if he does not possess these he will resort to unethical ways, false promises, and fake gimmicks like misspelling, selling for commission, or false projection.
Let Team Fincart be your most trustworthy financial partner for life!
