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Characteristics of a Good Financial Advisor in Your Area

Posted in Discussions by thotrther on the January 31st, 2012

A quality financial planner is often compared to a life coach because they so often help in the times where big decisions need to be made. Decisions like buying a new car, saving for children’s education, or refinancing a home loan. financial planner in orange county ca They also have a good understanding of the current market and can give valuable insight into the rates and cost of finances, such as home mortgage rates.

A good financial planner will also assist in quality investments, reaching financial goals, and helping to establish all insurance needs. To maximize your experience with your financial advisor, you should meet with the person quarterly, share your concerns and goals, and allow your advisor to review all of your financial and legal documents.click here Trust is the name of the game.

So how would you identify a good financial advisor? A good guide is to seek for the following qualities:



It seems as if every week a new financial scandal pops up. Financial instituations across the globe are routinely exposed for their less than honest, and sometimes downright deceptive practices. Countless number of ordinary people, as well as organizations have lost a tremendous amount of money. Just like people go to lawyers for help because they don’t know the ins and outs of the laws and legal system, people need help from investment professionals. But it’s hard to know who to trust. To truely be successful in the financial industry, one must not only make money, but must do so with a high level of honesty and self-respect.

Discipline and tenacity

In order to be a successful financial advisor it requires a long commitment to establish a client base. Financial planners must take the time to chart out their goals, and also to plan a specific strategy for their accomplishment. Many advisors struggle through the first couple years of the busienss. Sometimes new advisors discover that the time commitment even involves late nights and weekend hours; times when most clients are available. They will have experience repeat rejections for each successful.For these reasons, starting a financial planning practice take a great amount of persistance and discipline.

Critcial thinking

These days it takes an expert to make sense of the world of investment and devise apt strategies. We all have access to pretty much the same investment information. What separates the pros from the novices is the ability to logically analyze that information using specific knowledge and skills. The future is unpredictable, especially in these crazy times, but a quality financial planner can maintain a vision of the financial situation and help clients stay on track toward reaching their goals.

Communication skills

All financial planners need to be excellent communicators, both to acquire and to keep clients. In order to earn business the professional advisor must be skilled enough in sales and the selling process. They also must possess the ability to listen attentively, communicate ideas effectively, and illustrate ideas and strategies in ways that their clients can understand it. They must be able to tailor the presentation of advice to each investor’s personality and communication style. Those financial planners who develop their communication skills will launch their business to the front of the game.


Money is as personal and significant to people as is their health and their family life. Individuals working with financial professionals expect the relationship to keep this in consideration. Clients are going to hold their financial advisors responsible for the advice and recommended strategies they offer. They must consistently do what they say they are going to do within a set timeframe. It is also required that all financial advisors disclose to their clients the disadvantages (along with the advantages) of the recommendations given. Clients should be comfortable in both the advisor as an individual as well as the particular advice and investment strategies they recommend.

Remember that even though they are the financial professional, it is still the clients responsibility to invest. Question and challenge your advisors if you’re feeling any vagueness and discomfort. Feel free to seek out second opinions. Those who stay educated will keep their own power over their financial situation. A good financial advisor will make you feel relaxed, will listen intently and interpret your needs. With this in mind, it will be easy to find the right financial professional in any situation.

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