Trust's the keyword while choosing financial advisor

Sep 06 2013, 13:41 IST
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SummaryEarning and managing money for wealth creation and capital protection are two different aspects.

model and above all trustworthiness.

All of the above are key, however, the elementary one is trust. Do you trust your advisor to enable you to reach your goal? Do you trust every letter/word of advise rendered? If not, then you need to find another one. An entity or a person, who drives your investment solely through products is not the person you are looking for. Does the entity get in touch with you only at times of investing and not on a regular basis or when you want to redeem your holdings?

Once you have identified your advisor, get into a written agreement, which clearly mentions the approach, the tasks to be performed, regularity of meetings, investment methodology, return expectations, and the remuneration of the advisor.

Choose your advisor with care. And once chosen, do trust him in the same manner a six-month-old child trusts his parents when he’s lifted above the ground and has no fear of falling, as the child knows that the parents are there for protection.

The writer is founder and managing partner of Zeus WealthWays LLP

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