Tue 11 Aug 2009
What to Expect from a Financial Advisor
Posted by Charles L. Stanley CFP® ChFC AIF® under Working with an Advisor
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There are probably as many perceptions of what a financial Advisor is, or should be, as there are people who hire them. Let me take a little time and a few pixels to comment about this.
For those who value an Advisor for their ability to deliver positive investment returns year after year, irrespective of the state of markets, you are probably very disappointed this year.
And for those who look for an Advisor to have expertise as a consistently accurate forecaster, you probably have serious doubts by now.
But I would like to expand the expectations of consumers of financial advice beyond just market dependant performance. The value of a good Advisor is not dependent on the state of markets. Indeed, their value can be even more evident when markets are down and fear is running high.
The best of these Advisors play multiple and nuanced roles with their clients, depending on the stage of the relationship, and these clients are amply rewarded for the manifest skills their Advisors bring to the table. (more…)
