How can investors choose a reliable and trustworthy financial advisor?

December 6, 2022

When choosing a financial advisor, investors should consider the following factors:

Credentials: A financial advisor should have the appropriate credentials and licenses to provide financial advice. This could include a degree in finance or a related field, as well as professional certifications, such as the Certified Financial Planner (CFP) designation.
Experience: A financial advisor should have a track record of experience in the financial industry. This could include years of experience in the field, as well as a history of successfully managing investments for clients.
Reputation: A financial advisor should have a good reputation in the industry. This could involve asking for references from other clients, checking with regulatory bodies for any disciplinary actions, and looking for reviews or ratings from independent sources.
Compatibility: A financial advisor should be someone that you are comfortable working with. This could involve considering factors such as communication style, availability, and approach to investment management.
Fees and compensation: A financial advisor should be transparent about their fees and compensation. This could involve discussing how they are paid, whether they receive commissions or other forms of compensation, and how those fees will affect your investment returns.

By considering these factors, investors can choose a reliable and trustworthy financial advisor who can help them achieve their investment goals.

“For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.” -Warren Buffett

This website is owned and operated by Investor Unity Pty Ltd (ABN: 90 160 624 331). Any advice included in this website or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation or particular needs (i.e. financial circumstances) of any particular person. In addition to its internal services, Investor Unity is compensated by brokers and other third parties by way of referral/affiliate and/or general partnership arrangements, via its websites and other communications. Investor Unity is genuinely interested in your long-term trading & investment success. We advise you to take all necessary steps to ensure you have a good understanding of the products & services you’re considering investing in – particularly if they involve leverage. While Investor Unity takes every care to ensure that we only deal with the highest quality services, from throughout the industry, past performance is not a guarantee of future performance. Before making an investment or trading decision based on the general advice, the recipient should carefully consider the appropriateness of the advice in light their financial circumstances and should carefully review the PDS of the relevant financial product as provided by your investment broker. Past results are not a guarantee of future performance. Please contact us, to discuss any questions or concerns you may have- we are here to help.