Looking for a Financial Advisor in South Melbourne? Here are three Pivotal Questions for a Prospective Financial Advisor.
Finding the right financial advisor who can cater to your needs can be daunting. Whether you are looking for a financial advisor in South Melbourne, interstate or even overseas the selection process is often time consuming. It usually requires careful consideration of a number of key factors which ensures that you get the services you need.
Endurant Wealth is not a financial advisor, as we are not involved with financial products and services such as securities or other intangible products. Our business model and investment philosophy is based on direct investment and holding of tangible assets and also indirect holding through platforms which are fully backed by physical assets. However, for some of our services for our clients we do work with financial advisors in connection with specific client assignments. For instance, we might assist our clients utilise the services of a financial advisor who is specialised in structuring a specific self-managed superannuation fund for physical bullion allocation. We may also need to involve other third-party service providers for specific assignments such as tax accountants or legal advisors.
Should you choose to look for your own financial advisor in South Melbourne for any such third-party services, we have here selected a few pivotal questions that you should consider asking any prospective financial advisor before considering their services.
1. What are your credentials?
Whenever you are making a major hire of any kind, it is important to find a sufficiently qualified business to assist you. By asking a prospective financial advisor about their knowhow and skill level, you avoid missing out on one of the most important pieces of information that can be used to assist you in making an informed decision.
While most reputable financial advisors are typically willing to volunteer this information without any prompting, it is important that this information is available to you during the early stages of your financial advisor selection process. This enables you to eliminate any financial advisor who does not possess the necessary skills and experience.
2. Who is your typical client?
Every financial advisor in South Melbourne is going to have a typical client or set of clients that they cater to and you need to find out more about this. This lets you know if you match their usual profile and if you are the type of person who can benefit from their services. Not knowing the type of client the company caters to could be problematic, as you may choose an advisor that is ill-suited for your needs.
For example, you may be a high-end client that has concerns that need to be addressed by an advisor who has worked with such clients in the past. Or you could be someone who is just getting started out and in need of services that are more specifically designed for someone in your particular financial position. Take the time to find out more about their client profile before signing on the dotted line.
3. Are you readily available?
You are bound to have numerous questions and concerns that arise along the way and when you do not have access to your financial advisor, relatively minor issues could easily lead to larger problems. You therefore need a financial advisor who is readily accessible to you.
Does the advisor have a number that you can contact whenever problems take place or are they someone who is more comfortable communicating over e-mail? Finding out more about their preferred contact method and their ability to remain in touch with your needs is crucial to your selection process. Also, you should find out how flexible they are. Are they willing to meet outside standard operating hours and meet clients outside their office?
4. What fees do you charge for your services?
The last thing you want is a company that does not offer you the proper amount of transparency when it comes to the fees that you are going to be paying. Be sure to ask questions about the financial consultant's fees before you commit to them handling any of your business affairs. This keeps you from being left on the hook for fees that you did not expect, especially during the early stages of the process.Financial Advisor South Melbourne