Mathilde Lacombe

As inviting as it may sound to you, not every financial advisor will work to keep your good interest in his mind. This is why it has become very much evident to evaluate the performance of your assets and investment regularly, making sure that he is keeping the promises just as shared initially. The key factor to always looking for is choosing a reputable financial advisor in Newcastle who is honest, open, and transparent about the issues and outcomes in a full-fledged manner. By working together with the expert, one should be able to regain long-term financial freedom. 

Here are a few signs that indicate that you need to switch to a new investment analyst. 

#1 Not Meeting Your Financial Goals

The advisor will most likely begin building a bond by merely understanding your financial goals, requirements, and challenges. He may list your long-term and short-term goals while recommending strategies to achieve them at the right time. So far, you suddenly begin to observe that none of your investments is not helping you in any manner. In fact, the situation is that you are on the track of closing them. If this is the case, then probably now is the time to change your advisor in the shortest time possible. However, it doesn’t mean to go with any of the available options as the goal only lies in switching to someone reliable, licensed, and experienced. 

#2 Investments Don’t Match Your Portfolio 

Normally, another situation that individuals experience is that when your advisor meets you, he pitches new plans and offers introduced in the market and somehow insists on purchasing them. Sounds relatable? Well, that’s a huge red flag! Bear in mind that every investment has its risks, especially when they don’t suit your profile at all. Rather than blindly going for any XYZ investment, find some time and research it. In case you have any doubts, it’s your job to recommend that the products are fitting or not fitting your profile. 

#3 Not Receiving Any Updates 

Suppose your consultant adds any new investment or product to your profile without confirming with you. In that case, you better should change him and bring someone honest in. Unsurprisingly, such practices are very much common with the advisors. However, an experienced financial adviser in Boston will always keep you updated with the things going on while assuring that you know how the money track is performing every month. Now, why is this important? The timely updates and reports help an individual identify the actual losses and profits ratio while knowing the respective IRA, 401K, and Demat account details. Additionally, you will be able to access all of your investments online without any trouble. Not receiving quarterly or annual reports is again a red flag that an irresponsible advisor can portray. 

Ultimately, the perfect advisor will always turn your financial life better, rewarding, and peaceful. So, make sure to hire one who is board certified and has a reliable clientele.