Insights from My Blog
What Are The Characteristics of A Good Advisor?
"A good advisor should provide comprehensive financial planning services, taking into account a client's entire financial picture, including investment goals, risk tolerance, and overall financial situation."
Cynthia Aasen | Registered Dealing Representative
Some characteristics of a good financial advisor include:
They are registered and compliant with relevant regulations, such as the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).
They have a strong understanding of various financial products and services, such as alternative investments, stocks, bonds, mutual funds, and insurance.
They are experienced and have a proven track record of providing sound financial advice.
They have a fiduciary duty to act in the best interests of their clients and disclose any conflicts of interest.
They provide comprehensive financial planning services, taking into account a client’s entire financial picture, including investment goals, risk tolerance, and overall financial situation.
They communicate effectively and are responsive to their clients’ needs.
They are able to work with clients of different backgrounds, and provide tailored advice that match their client’s goals, values and circumstances.
They are committed to ongoing professional development and stay current with changes in the financial industry.
It’s important to note that choosing the right financial advisor depends on your needs and comfort level. You should do your own research and ensure that the advisor you choose is a good fit for you.
What Questions Should You Ask An Advisor?
When interviewing a financial advisor, there are a number of questions you should ask to help determine if they are a good fit for you and your financial goals. Some questions you may want to ask include:
What are your qualifications and experience? You should look for an advisor who is properly licensed and has a track record of success in helping clients achieve their financial goals.
What services do you offer? Some advisors offer a more comprehensive approach to financial planning, while others may focus more on investment management. Knowing what services an advisor offers can help you understand how they may be able to help you reach your financial goals.
What is your investment philosophy? Understanding an advisor’s investment philosophy can help you gauge how well their approach aligns with your own risk tolerance and financial goals.
How are you compensated? It’s important to understand how an advisor gets paid, as this can impact the types of products or services they may recommend to you.
Can you provide references or testimonials from other clients? Speaking with references can provide valuable insight into an advisor’s level of service and how well they have helped other clients achieve their financial goals.
How do you communicate with your clients and how often ? A good financial advisor will want to stay in touch with you regularly, to ensure that your financial plan is still on track, to keep you updated on market conditions, and to discuss any changes in your financial goals or circumstances.
What is your process for creating a financial plan? An advisor’s process for creating a financial plan can vary, and it’s important to understand how they go about creating a plan that is tailored to your specific needs and goals.
How do you handle conflicts of interest? As a fiduciary, an advisor should act in your best interest and disclose any conflicts of interest, so you can understand the implications on the advice and recommendations you receive.
Book an advisor appointment today.
Licensed as a professional real estate agent for 25+ years, Cynthia’s expertise is diverse – real estate syndication, development, multi-family value-add and strata ownership. Dually registered as Associate Broker with eXp Realty Canada Inc. and Dealing Representative with Integrated Equities Inc. she is able to offer investors access both public and private real estate investments in North America’s leading markets.
Cynthia and her team act as advisors helping you make informed decisions. Since 2015 they have raised over $100 million in limited partnership equity representing $400 million in real estate transactions since inception in 2015. In addition, they sold over 200 individually titled investor properties, offering “true” turn-key solution for active real estate investors – “You invest, we’ll do the rest”.
