Dealing with money means a painful and lengthy operation for several people. Managing your investment portfolio, looking at your debts and preparing a solid retirement plan are things that should be done by a professional. The problem is that our industry has too many clowns and car salesmen in their rank. It is your challenge, as a customer, to find the right consultant that will bring peace of mind along with some good returns 😉
The first post of this series was about honesty and integrity. While this is not a characteristic that will make your financial planner performs, it is the very basic of a financial relationship. Today I will write about pro-activeness and how it should be demonstrated.
Most financial advisor will claim their pro-activeness since it is something highly requested in the financial industry. We want a consultant able to read our mind and offer us products according to our needs. But be careful, most salesmen look like they are being pro-active and they just want to sell the latest flavour of the month in the financial world.
When I am talking about pro-activeness, I am talking about validating my needs before I express them. For example, if your banker (hopefully, he is a financial planner) offer you to do a retirement plan for free. This is what I call pro-activeness. You know that he won’t make a penny on this kind of work but he will still do it because your good is important for him.
A good sign that your financial advisor is pro-active would be that he is offering financial solutions that are not necessarily the most advantageous for him. For example, if your consultant is looking for your monthly charges on your bank account, you know that he is really working for you and he is not waiting for you to complain in order to take action.
Regularly follow-up is definitely another sign of pro-activeness. You are dealing with this individual for a specific reason; you want him to manage your money. Therefore, unsolicited follow-up such as a call when you receive your financial statements or when there is big news in the market would be appreciated.
This quality will bring you an additional piece of mind and an assurance that your money is managed actively. This will obviously not going to guarantee that you are going to make more profit, but at least somebody will be able to tell you before you get your financial statement.
Other post on this series:
|How I Suck at Not Paying Debts||Hitting 6 Figures Income at 28|
|How I Get a Huge Income Raise Each Year||Making $125K Online in 12 months|
|How I Buy Blogs||Most Debated Articles: The Primerica Saga|
|How I Have Survived My MBA||What is So Wrong With Making Money?|
|How I run multiples blogs and makes money without burning out|