STEP #3: Ask the right questions
You should never work with a financial professional blindly. A real, meaningful and transparent relationship with a financial advisor requires good judgement, and mutual trust. Open, honest communication is crucial to building the trust and creating a financial plan that will have the greatest impact in the long run. Ask these questions to create trust and a long-term financial advisor-client relationship.
• Years of experience as a financial advisor;
• Offered services;
• Charge fee;
• How will the relationship work – how often would the advisor evaluate your financial situation and provide an up-to-date forecast;
• Investment philosophy;
Before you sign any formal agreement, make sure you understand exactly what services that your advisor will be providing and how long you expect your relationship to last. Once you’ve posed all the important questions, it’s time for you to ask yourself 3 things:
• Do you like and trust your potential advisor?
• Do you feel comfortable talking to her/him?
• Do you think you can build a long-term partnership with her/him?
Our financial advisors are carefully screened before being invited to join the Avana Community of Advisors. You can expect to receive high quality service from our financial advisors. The service level is centred around your current realities, future life, financial goals, and your risk tolerance. While financial advisors are qualified to provide financial advice to you, at Avana we believe that you should take responsibility for your financial decisions and protect and grow your wealth. Hence, Avana financial advisors are similar to coaches, who enable you to see risks, opportunities and possibilities to match your personality and your goals.