Determining Advisor Value

Choosing a wealth advisor is no easy feat. With varying degrees of skill, focus, and expertise, it can be difficult pinpointing which advisor is most suitable for your specific needs. Here are five important factors to consider when deciding who to work with:

 

1.   Competence goes further than personality to deliver valuable wealth advice.

2.   Quality advisors view technology as a friend not a foe.

3.   Clear communication, integrity, and professionalism are all a must have.

4.   Best-in-class advisors balance IQ (technical expertise) and EQ (emotional intelligence) with a solid grounding in behavioral finance.

5.   Credentials matter: Professional qualifications make a difference in competence and expertise.

 

Source: The Value of Premium Wealth Management for Investors, The CFA Institute