Why is it easier to choose a doctor than an Investment Advisor? Why are people shy, when it comes to asking the right questions when selecting an Investment Advisor? It is obvious that a visit to a doctor cannot be avoided when one is not well. At the same time, people do not proactively seek out appointments with fitness instructors or nutritionists. These are discretionary and proactive. If you are thinking of fitness and nutrition (beyond just getting well after a bout of sickness), then you are perhaps in the top 0.1% of the population! An investment advisor is in many ways like a nutritionist or a health coach.
Let us admit, selecting one is tough. You have to take an inventory of your finances which could be tiring. Many previous investments, especially in those retirement plans and insurance endowment policies would have not earned much return. Facing up to them is not easy. Those were picked up in those days when one just started earning some money and there were enough ‘wolves’ (i.e. incentivized agents and brokers) who would’ve pushed an inexperienced you, to take on some ill-advised policies.
To read more, please click on the following link :- https://jamawealth.com/blog/7-questions-ask-while-selecting-investment-advisor/