Financial management is not just about investing in securities products or buying insurance, but a comprehensive financial planning made through comprehensive consideration of personal circumstances and financial goals. Financial advisors can make detailed investment plans for you, saving your precious time, and at the same time, they can make full use of their professional knowledge and investment experience to tailor financial products suitable for you in order to achieve ideal returns. So, how to choose a suitable financial advisor?
Suitability is the most important
What is suitable? It is not necessary to find a financial advisor with ten or twenty years of experience, but the key is to find one that suits your current needs. Find a financial advisor whose client base is similar to your asset status, so that he will have more experience to learn from your situation and financial requirements. On the other hand, a financial advisor whose average client assets are 10 million yuan may not take a client with only 500,000 yuan seriously. Therefore, when choosing a financial advisor, you can ask him to describe what his typical clients are like to see if his client base and past experience match your personal situation.
In addition, the matching of corporate culture and service concepts will also be of great help in finding a suitable financial advisor. After all, you have to tell a stranger about your wealth, financial goals, and large-scale consumption plans. Financial advisors who are familiar with your culture and consumption habits may be more convenient in communication and more helpful in helping you achieve your financial freedom and goals.
Clarify your financial goals
When you are ready to hire a financial advisor, you must be fully prepared. Answer a few questions for yourself first. How long do I plan to invest this money? What is my risk tolerance? What kind of return do I expect? Who is my beneficiary? With these key information, the financial advisor can choose the right investment plan for you based on your needs and goals. They will also make appropriate plans for you based on your age and personal situation, such as retirement plans, children's college education funds, etc.
Understand the way to charge commissions
Be sure to understand the way financial advisors charge commissions. There are generally two ways to charge commissions: one is to calculate the fee rate according to the hour, or pay a one-time fee for making a financial plan for you, or charge a fee based on a percentage of your total investment assets; the other is to charge commissions to the agency that sells the agent. Only by understanding their charging methods can you fully consider the financial advice they give you.
Service and communication
Financial management is not a one-time investment, but a long-term plan. Therefore, service is very important. You can ask the financial advisor how often he usually sees clients, whether he can communicate in time when encountering urgent matters, etc. Usually, a good financial advisor can follow you all the time. Therefore, excellent service helps to establish a long-term trust relationship.
It is very important to choose a reliable financial advisor. Here are some suggestions:
Well-known "brand" financial advisor
Choose a well-known and influential financial center or studio, which brings together the elite financial advisors of the bank. While promoting financial products, they will give maximum consideration to the financial planning of customers, guide customers to establish correct investment concepts, and ultimately achieve the goal of stable and value-added investment.
The principle of "from high to low"
When choosing a financial advisor, you can follow the principle of "from high to low". The level of financial centers at the city level is usually higher than that at the district and county level, and the level of financial advisors of foreign banks may also be higher than that of general banks.
Independent financial advisor
Independent financial advisors do not belong to a single financial institution. They usually stand from the perspective of customers and put themselves in the shoes of customers to increase their wealth. Their financial plans may involve funds, insurance, bonds, trusts, taxes and many other contents. Although you need to pay a certain consulting fee, if the plan is excellent and your property has achieved rapid appreciation, then the consulting fee is worth it.
Refer to the plan designed by the media's special financial planner
Nowadays, financial management-related topics are very popular. Newspapers, major websites and financial magazines will invite nationally renowned financial planners to regularly design financial plans based on readers' needs. These plans can be used as a reference to help you better plan your finances.
In short
choosing a suitable personal financial advisor requires you to carefully consider many aspects. I hope the above points can help you find a trustworthy financial expert among many advisors to achieve your financial goals and dreams. Remember, a personal financial advisor is not only to provide you with investment advice, but also a partner who plans the future with you.
