During your business ownership experience, you may sometimes need to accept that you cannot handle finances alone, and you need help from a financial advisor. However, merely picking any financial advisor is not enough to adequately fulfil your business needs. Keep in mind that some are more suited for the job, and some others are more professional and reliable than others. Fortunately, there are some traits you can keep an eye out for that all successful financial advisors share when identifying the perfect financial advisor for your needs.
In this article, we will share five distinctive characteristics of professional financial advisors:
1. Proactive
Good financial advisors are proactive – they continually update you on the financial confirmation, such as available opportunities and ongoing issues. They also help you understand more complex information to bring up to date on what is going on. On the other hand, unreliable advisors will always keep information away from you and generally leave you more confused than you were before.
2. Trustworthy
Trust is an important aspect when working with finances, and professional financial advisors know this. They help you feel calm and in control, ensuring that you feel like you are on top of your finances. To add to this, they also help you understand their recommendations, ensuring that you are fully confident with what they have to say. However, a bad advisor will only conjure feelings of uncertainty and fear, making you miss crucial growth opportunities in the process.
3. Experienced
Professional financial advisors have plenty of experience under their belt. They know how to quickly grasp a situation and develop solutions to solve any problem. Likewise, they have certificates and credentials to prove their worth and are not afraid to show their history to further prove that they have what it takes to help your business succeed. Meanwhile, unreputable advisors will have little to no experience in their jobs. They will not have any proof either to show that they are qualified for it. With them on board, you risk following unreliable decisions that will likely hurt your goals.
4. Proper Representation
Only the best financial advisors know that success is not about putting their own interests first, but your interest. In many cases, your interest is to ensure success for your business, which is what they will try and do their best to help you achieve. They are not going to simply do things to meet a certain quota, or do things limited by their company. On the other hand, bad advisors will generally be limited to what they do. They will usually stick to proprietary solutions that they sell and will only “do it for the money.”
5. Positive Reputation
Reputable financial advisors are reputable because they have done good work, which has brought along an excellent image. This means that if you find many people recommending an advisor, the chances are that the advisor is good at their craft. On the other hand, advisors with a bad reputation should be avoided. If people are unhappy with a certain advisor’s services, the chances are that you will be as well.
Conclusion
Taking the time to look for a professional advisor is important because they can make or break your business’s long-term goals. Many experts in today’s market claim to help you, but only a handful can actually help you improve your finances. To that end, remember the characteristics mentioned above when looking for a financial advisor because they will guarantee that you get the best help possible to steer your business towards success!
New Wave Advice is a financial advisory firm utilising the latest technology to reach out and advise clients to satisfy their needs through tailored solutions. If you are looking for a financial advisor in the Gold Coast, get in touch with us today to see how we can help!
