What We See Depends Mainly On What We Look For

Getting the Best Financial Coach on Your Team!

"What we see depends mainly on what we look for." M. Sloane, PhD

Yes, it is a strange way to start a blog post laying out some basics for finding your financial adviser, however, pretty appropriate when you take a look at what you want to change in your present. If your primary business is not financial services, you can better leverage your time by utilizing someone trained to coach you in your finances while you do what is most necessary to earn income. Sort of like going to the gym and trying to figure out where to start...You need a personal trainer to help you get the best results!

Just what do you need to know to make sure you have the right financial coach? A note here: the right person is a coach helping you and supporting to achieve the best result based on your needs, expectations and goals for your future!

You are a team working for you to help make the right decisions. You must be part of the process since it is your future we're talking about, ok?

The basics you look for should be on the following list, however, there are other more specific areas you should address when you sit down with them.

6 Basics for Choosing Your Financial Adviser

1 - The best way to determine the right person for you is on a referral from people you trust. The financial adviser's credibility relies upon the work they have done with someone who is influential in your life.

2 - Ask questions! If you don't ask questions, it is more difficult for them to fit the solution to your needs. If they don't understand your needs and goals, interview another until you do.

3 - Will they prepare a comprehensive plan for you, how much will it cost you and what is the process to implement the recommendations? It could cost you to obtain the plan, to implement the recommendations or to even to consult with the adviser.

4 - What is the level of transparency of the financial adviser? Do they give you full disclosure of all the services and products they offer you? Can you do due diligence of the company and check their track record through independent sources?
You want to be comfortable that the company has a reputation of note and you are able to contact someone to verify accounts.

5 - Make sure their specialty and your needs are the same! Every adviser doesn't have services in every area - ie, insurance, investments, mortgages, trust planning, etc. Get one that can serve as many of your needs as possible.

6 - Are you willing to take advice from this person whose job it is to coach you on your finances? No financial adviser can coach you well if you are not ready to take action or are resistant to change. We want our clients to be our friends and trust that we have your best interest at heart.

So these are just a few ideas to start off your search for the right person and right results.

I am always available to answer your questions if you need more help!


TTFN~
Jax