Wealth management is a huge industry with trillions of dollars’ worth of global assets being managed by professional financial advisory services all over the world. The aim of most financial advisors is to invest and grow their client’s assets while preserving their wealth and minimizing risks.
It’s estimated that less than half of the wealth managed by financial advisors belongs to an individual and small organizations, while the rest is owned by large firms and banks. Fortunately, more people are becoming aware of the importance of sound financial planning and securing their future. The popularity of hiring professional financial advisors is growing among individuals to avoid a financial crisis similar to what a lot of people faced during the COVID-19 pandemic.
However, it’s important to make the right choice when it comes to choosing a financial advisor to ensure effective financial planning. Here are some key character traits you need to look out for:
Wealth of Knowledge
An essential characteristic of a great financial advisor is their knowledge base and experience within the financial sector. You don’t want to hand over your hard-earned money to someone who has no experience with investments and handling other people’s money. Make sure you look at their credentials, their education and qualification, and their experience before you choose them as your personal financial advisors. An easy way to assess how good a financial advisor might be is by looking at their client reviews and testimonials.
Attention to Detail
A great financial advisor has the ability to look at the bigger picture and assess their client’s long-term and short-term goals. They should ask you a lot of personal questions and take various factors, such as college savings, major life purchases, estate planning wishes, and retirement plans, into account when creating a personalized financial plan for your future.
A good financial planner will guide you regarding the best investments and create an effective financial plan for your future. They pay attention to your needs and financial goals and will try to provide the right options that will incorporate those goals instead of offering a cookie-cutter solution. Make sure the financial planner is willing to listen to you and discuss your expectations without treating you like just another number.
I am one of the top international independent personal financial advisors with years of experience in the financial sector. I have worked with numerous hard-working foreign nationals living in South America and provided sound financial planning to help secure their future. I offer several financial planning services such as investment planning & advisory services, income tax planning services, retirement planning services in Santiago, and more.
Get in touch with me to achieve financial freedom before it’s too late!