The Effect of the Right Advisor

What defines the right "wealth manager" for you?

Financial graphicSome Things to Consider

The financial markets have forever changed. Before trusting your money to an advisor, you should know whether that firm has a history of helping clients through both rising and falling market environments. That requirement can only be validated through years of advisory experience and a resilient investment philosophy.

The Firm: History, Experience, Track Record

Some things to look at when selecting a firm is how long its been around and its history. Is there a history of stability? Does a firm change its core competencies often in reaction to market conditions? What is the reputation of that firm? What is their track record? What is the firm's focus and what are their capabilities?

What Kind of Relationship Would You Have?

Would you have a more direct, hands-on relationship or would you have a team of advisors and contact a phone center? You should look for a firm that can offer you the level of interaction that makes you comfortable.

How Well Would Your Financial Needs Be Met?

Will the firm you select be able to handle the majority of your financial needs or will you need to go elsewhere? How will you receive financial advice? Will you get written recommendations, customized for you personally and will they include any aspects of your finances beyond investing?

Independence of the Firm

Does the firm you are choosing have proprietary products they might feel obligated to recommend? Will you feel comfortable not knowing if those products are the best choice for you and your family? Would a firm independent of proprietary products better suit your interests and trust level?

Articles from Major Publications on Choosing a Wealth Manager or Financial Advisor

From the Wall Street Journal How to Guide - How to Choose Financial Advisor

From the New York Times - Taking the Time to Pick the Right Financial Advisor


On Choice...

“Destiny is not a matter of chance; it is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.”

William Jennings Bryan