What are the key factors to consider when choosing a portfolio manager or advisor?

Absolutely, having a qualified portfolio manager or advisor with the right credentials and experience is crucial. Certifications like CFA, CFP, or CIMA signify a commitment to expertise and ethical standards. Reviewing their track record, reputation, and client feedback is key. Their tenure in the industry, historical returns, and how they navigate market turbulence are vital aspects to evaluate. A seasoned professional who demonstrates sound judgment during volatile times can be invaluable in safeguarding and growing your investments.

Absolutely, selecting a portfolio manager or advisor with the right credentials and experience is crucial. Look for someone with certifications like CFA, CFP, or CIMA, as these demonstrate a commitment to expertise and ethics. Investigate their track record by examining their history in the industry, the returns they've achieved for clients, and how they navigate market volatility and crises. Client testimonials and their overall reputation can give you valuable insights into their performance under various market conditions.

Just 5 things you should look while choosing an advisor: 1)Build trust:Never trust your advisor from day1. 2)Counter question them:Always ask why. 3)Recheck advise: I am an advisor but then too I tell my clients to recheck whatever advise I gave,as this will build Confidence and a good relation between them. 4)Skills:Always choose experienced and skillful person as degree can never speak about person talent but experience speaks a lot. 5)Review your Advisor:Always check google reviews,Linkedin profile,Twitter handle this will help you to know your advisor better. If you wanna connect with me just Dm.

I would also add: Look for an advisor who not only has the proper letters after their name but also speaks your language (preferably not in acronyms). In the end, finding a good financial advisor is like finding a good pair of jeans - it needs to fit well, be comfortable, and not leave you feeling naked when the market takes a dive.

Choosing the right financial advisor is crucial for aligning your portfolio with your personal investment philosophy. It’s not just about returns; it’s about finding someone who understands and respects your risk tolerance, goals, and values. An advisor who matches your approach can help navigate market fluctuations in a way that’s comfortable for you, ensuring that your investment strategy is not just profitable, but also personally satisfying.

Absolutely, aligning your investment philosophy and strategy with your portfolio manager's approach is crucial. Your risk tolerance, investment goals, time horizon, and preferences all play a significant role in crafting a suitable investment plan. Whether you lean towards conservative or aggressive approaches, prioritize growth or income, prefer domestic or international markets, or have specific social or environmental considerations, finding an advisor who comprehends and caters to these factors ensures a tailored portfolio that aligns with your objectives and values. Communication and shared understanding of these aspects are key for a successful partnership with your advisor.

These questions are like a financial personality test. There's no right or wrong answer, but there is a right or wrong fit. You wouldn't hire a heavy metal guitarist to play at your meditation retreat, and you shouldn't hire an aggressive growth manager if you're looking for steady income. A good advisor isn't just someone who can make you money - it's someone who can help you sleep at night. They should understand your financial goals, your worries, and you as a person.

It’s important to understand there is always a fee — explicit or implicit. Questions to help your understanding include: ? Is there a management fee with add-on fees for other services? Or, are charges an all-encompassing 'wrap fee'? ? How will fees be calculated and paid — as a percentage of the size of your portfolio or as a flat fee? And, how frequently will they be charged — monthly, quarterly or annually? ? How will the advisor be incentivised? For example, mutual funds may offer advisors compensation for investing their clients in the fund.

Absolutely, evaluating a portfolio manager or advisor involves a comprehensive assessment beyond just fees. Looking into their track record, comparing against benchmarks, considering risk-adjusted returns, and analyzing performance across various market conditions and time frames are all crucial steps. Transparency about fees and charges is essential, ensuring there are no hidden costs impacting your returns. Additionally, seeking references and understanding their investment philosophy can also provide valuable insights into their approach and potential suitability for your financial goals.

The goal here is to find someone who can grow your nest egg without turning it into an omelet of fees and underperformance. Strive to strike that delicate balance between paying for expertise and not paying so much that it negates your gains.

Well I agree with the opinion , the right advisor will give the correct information to investor even if it may be impacting his returns. Sadly in our country correct info is not shared by the advisors ,leading to the investor believeing that he has invested rightly but gets the shock ehen results come...

Absolutely, communication is the foundation of a successful relationship with a portfolio manager or advisor. Having a clear understanding of how they communicate, the frequency of updates, the channels used, and the nature of information shared is vital. Feeling comfortable to voice concerns, ask questions, and receive attentive, respectful responses is crucial for a productive partnership. A strong rapport and alignment in values and goals further solidify the trust and confidence in the advisor-client relationship.

Trust, empathy, and communication are key. We actually encourage prospects to meet with a few advisors to ensure they find a fit - someone they can talk openly with, learn from, and who has empathy, and better listening than talking skills. Ultimately clients want a connection and we as advisors want to foster a deeper relationship where they feel seen and heard.

I feel that you're not just looking for someone to crunch numbers - you want a rapport that's as solid as your retirement plans. I mean you wouldn't let just anyone play with your money, would you? If I were choosing, I’d want an advisor who's less "Wolf of Wall Street" and more "Mr. Rogers Neighborhood”- someone who makes you feel right at home in the sometimes complex and confusing world of finance.

Absolutely, seeking out references and reviews from various sources, including trusted individuals and professional bodies, provides valuable insights into an advisor's reputation and performance. Checking regulatory bodies for any disciplinary actions or violations is a prudent step in ensuring the advisor's integrity and compliance. Indeed, the selection of a portfolio manager or advisor is a continuous process that hinges on trust, respect, and shared understanding, making it essential to consider these factors to align with your financial aspirations effectively.

Beyond references and reviews, my business partner and I recommend prospects meet with us and other potential advisors and conduct interviews. Any client we suggest to you should give rave reviews about the work we do but meeting us, asking us detailed questions about our approach, how we interact with clients outside of meetings, and getting a sense for who we are is so important. We also want to know them and make sure it’s a fit for us - the client/advisor relationship goes both ways.

The regulatory bodies are like the stern judges on a talent show. Disciplinary actions — It doesn't mean run for the hills, but it definitely calls for a serious "we need to talk" moment. Ask your friends and see how many five-star Yelp reviews you hear about. So do your homework, read the reviews, and maybe even stalk their LinkedIn a little. It’s better to work with an Oscar-worthy advisor versus a B-movie beginner.

Working with an advisor should bring increased knowledge to one's financial situation. In fact, according to a survey from?Age Wave and Edward Jones, among investors who work with a financial advisor, 84% said that doing so gave them a greater sense of comfort about their finances during the COVID-19 pandemic - a very uncertain time...

All investors should have a basic knowledge of investment criteria. There is a need to understand basic concepts like diversification, dividend yields, sectors, growth, value, etc. A financial advisor can help align these concepts with your goals and tolerance for risk.

One thing I see of high value is having someone close to the markets, understanding them and present to you the perspectives, risks and rewards matching the risks profile identified during multiple conversations and investments. In consideration of a diversified portfolio, keeping track of various instruments maturities and even replacements before maturity if the market is favorable, is another mark to be valued. Specialized guidance encompassing overall financial management, including real estate and art, not only fosters peace of mind but also enhances value over time.

The relationship between advisor and client should be one of longevity. Be sure to make sure that you and your adviser are a good fit and you feel comfortable enough to disclose all to them. Being open and honest will in turn mean that they can give you the best advice, tailored to your own personal circumstances, goals and objectives.

Avoid anyone who starts out with the words "60/40". They are offering standardized pablum which has no value whatsoever. Other phrases to be skeptical about include "equities can be expected to return 9% a year", etc