Finding a Financial Advisor

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Coach Aya Laraya, a Financial Advocate, shares how to find a good and reliable Financial Advisor.

It was a day full of learning last August 20, 2016 when I got a chance to attend the 3rd session of #Money4LifeChallenge with the topic: "Finding a Financial Advisor" by a Financial Advocate, Coach Aya Laraya.


What is a Financial Advisor? They provides financial advice or guidance to customers for compensation. They also provide many different services, such as investment management, income tax preparation and estate planning.


When looking for a Financial Advisor we need to be smart like finding a partner that we could build a very strong relationship. Remember, it involves money and as we all know that money is the source of all evil. We have to think not once nor twice but many times if we're going to give our trust to these people. For a newbie, they often search or gather informations whether it is come from word of mouth or recommended by our collegues.


A Financial Advisor  has to be a professional though it is hard to figure out who's is knowledgeable and who is not. Much better if we will ask if they're licensed and check if the license is legitimate. It is ok to ask relevant questions to the Financial Advisors like his/her professional experience, personal experience, prefered clients, compensation scheme/fee structure and limitations.


Be curious always! For knowledge will not acquire you; you must acquire it."


CURIOSITY WORKS. If you don't ask you don't get.


(Captains of the Philippine Industry and considered as the wealthiest person in the country. Photo credits to Philippine Star) 


Philippines is one of the fast growing country in Asia in terms of population and economy. Though we considered us  an agricultural country, a lot of skycrappers are about to built in the city. Most of the businessmen here are with Chinese blood and most of them are the wealthiest people in the Philippines.


I usually travel and hanging out around the Metro and as I have observed, lots of restaurants, condominiums and establishments are being constructed. Travel is booming as well because airlines offers cheapest promo fare and even hotels accomodations are fast growing. That means that people has money to spend and it is good for businessman.



Comments

  1. jhonApr 18, 2018, 7:16:00 AM

    will be riskier, but companies compensate this by providing comparatively higher interest rates on these. The same with NCDs, having a lower credit rating. Certified Financial Advisor

    ReplyDelete

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