Regardless of the size of your investments or the complexity of your financial goals, you need to make sure your assets are being handled effectively. To do so, you need to work with the right investment planner. When searching for the right one, you may want to consider these 5 characteristics.
1. Exceptionally Educated
Obviously, when it comes to handling money, you want to make sure you’re dealing with intelligent professionals. That’s a no-brainer. But, you need to know what to look for. Besides their college degrees in areas of relevant expertise, you can look for appropriate certifications, such as being a Certified Financial Planner (CFP).
With experience comes wisdom, especially when it comes to investing. We believe it’s best to look for a team of financial advisors that have 10+ years of investing experience. Over the past 10 years, we have seen major changes and dysfunction within the global financial markets. Someone with, let’s say, 5 years experience may not have experienced any real stress in the financial markets.
Experience shows a level of understanding, competence, and comfortability. Our team of financial advisors has over 100 years collectively. Learn more about our team.
3. Honest & Transparent
When it comes to your current and future finances, nothing should be unclear. You want to look for an investment planner that not only sets clear expectations upfront but also provides you with accurate updates throughout the process. They should work to inform you about the investment process as much as possible so that you are as “in the know.” This type of honesty and transparency helps to build trust.
4. Understanding & Personable
Investing is not just a game of numbers and money – it’s about people’s financial livelihoods. You want an investment planner that understands you. They should know your goals, your level of risk, your fears, and other information that is essential to achieving success. You should have a good relationship with your investment planner. If you don’t, it’s probably time to switch.
5. Has a Good Reputation
An investment planner may appear to have 1-4 covered, but what are others saying about them? Do your research and read any reviews, articles, or social media posts that mention them or the firm they work for. If possible, reach out to previous or current clientele. They’ll be able to tell you everything you need to know.
Choosing the right investment planner/firm can be one of the most important financial decisions of your life. That decision alone can have a massive impact on you and your family’s financial future. If done correctly, you will be able to look forward to a great, lasting relationship that may lead to a comfortable financial future.
Interested in working with an Investment Planner from Magellan Financial? Contact us online or call us today at 610-437-5650!
The opinions expressed here reflect the judgement of the author. The material has been prepared or is distributed soley for informational purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request.