All great relationships begin with trust and understanding. This applies in both personal and professional situations. Choosing a financial advisor for investment guidance should also adhere to this principle. The investor/advisor relationship should be one where the investor trusts the expertise and integrity of the advisor and the advisor should understand the goals and risk profile of the investor. This will allow for a mutually beneficial relationship.
For anyone seeking investment advice, there are some key questions you should ask which can help you in determining if a financial advisor is right for you:
– What are the fees & commissions charged and how does the advisor get compensated for the sale?
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