Introduction
There are many different financial advisers to choose from, but not all of them will be able to help you secure your financial future. To find a good adviser, you need to do some research and ask the right questions. This guide will walk through everything you need to know when hiring a financial adviser in Auckland.
Do Proper Research
Before you work with a financial adviser, there are several steps you can take to make sure that they’re the right match for your finances. This will help ensure that they are the right person to meet your needs and that they have the best interests of their clients at heart.
- Research their background. This should include checking their qualifications, but also knowing how long they’ve been working in this field and what experience they have gained along the way.
- Understand their fees and whether or not they charge a fee up-front or if it’s based on the performance of investments over time (also known as a “trailing commission”). This type of trailing commission is not regulated by Financial Markets Authority (FMA) rules because it does not involve carrying out advice activities on behalf of clients.* Check their track record by looking at past performance records from previous clients so see how well those investments performed before deciding whether this is someone who might be able to help with yours too!
Work with a Financial Adviser You Trust
You can go to a financial adviser Auckland for help with investing, but you should trust that he or she will be honest and good at what they do. Many people think of their relationship with their adviser as a business partnership, which makes sense because when it comes to managing your money, it’s better for both parties if everyone is on the same page about what their goals are and how they’re going to achieve them.
Checking References from Past Clients
A good financial adviser will happily provide references from past clients. This is a great way to see if they have experience working with someone like you and/or in your industry.
To get a better sense of how satisfied clients are with their service, ask for:
- Their name
- Their phone number (if possible)
- Their email address (if possible)
- Their job title at the time of their relationship with the adviser, as well as at present (if different)
- The company where they worked when they were being served by the adviser, along with its name and industry if applicable
Check Credentials
- Check their qualifications.
- Check their experience.
- Ask about their professional associations, memberships, and affiliations.
Conclusion
Using a financial adviser is a great way to ensure that your wealth is secure. It’s important that you do your research before choosing one, and make sure they are qualified for the job at hand. This article has given you some good tips on how to choose an adviser with confidence!
