\u201cFinding the right adviser is like finding the right doctor \u2013 the relationship should make you feel safe, understood and supported,\u201d said Valerie Kok, a partner with St James\u2019sPlace.<\/p>\n
This means if you\u2019re not comfortable with your current adviser, it\u2019s perfectly fine to find another. Here are the red flags to look out for:<\/p>\n
Having a poor attitude: Instead of listening to your needs, they criticise, condemn or complain about your decisions. According to Lisa Eng, a senior consultant at Financial Alliance, if your adviser speaks condescendingly about your past choices or criticises other professionals, they are failing the most basic test of human relations. \u201cYou need an ally, not a judge,\u201d she said.<\/p>\n
Being ill-prepared or prone to ghosting: If they show up at meetings without reviewing your file or continually postpone scheduled reviews, they are showing a distinct lack of sincere interest in your financial well-being, said Eng.<\/p>\n
Pressuring you to make decisions: When your adviser pressures you to sign paperwork immediately, discourages you from seeking a second opinion or even pushes investments that generate high commissions for them but confuse you, it\u2019s time to politely bid them farewell.<\/p>\n
It\u2019s important to remember that your financial life is about your goals, not about your adviser\u2019s sales quotas, said Eng.<\/p>\n
Ultimately, like any relationship, your relationship with your adviser must be built on trust and needs to be constantly nourished. \u201cWhen the trust is eroded, it is time to move on,\u201d Eng added.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cFinding the right adviser is like finding the right doctor \u2013 the relationship should make you feel safe,…\n","protected":false},"author":2,"featured_media":449808,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,40583,2066,147,530,211130],"class_list":{"0":"post-449807","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-financial-advice","10":"tag-money","11":"tag-personal-finance","12":"tag-personalfinance","13":"tag-womens-life"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/449807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=449807"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/449807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/449808"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=449807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=449807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=449807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}