Financial Advisors: Can You Rely On Them ? – Fahim Moledina

Financial Advisors Can You Rely On Them - Fahim Ekbal Moledina

We might all depend on financial experts now and then. It may be during a home purchase, stock investment, getting a loan, etc. Not many people have a thorough knowledge of all these fields, and a professional view is required. However, can you depend on their advice?

As with any other career, there are honest, good people, and there are those more focused on their bank account than on yours. Your job when you want assistance from a financial advisor is to determine which one will give you the best advice based on your current condition – Fahim Ekbal Moledina

The important tool you have to assess an advisor is to ask them many questions. Some may not like that and will try to force you into a commitment, but do not be afraid of that. Those are normally the ones who do not give you serious advice,  so the first sorting is so simple and easy. The questions you must ask cover their experience, education, expertise, and the philosophy of their specialty. Pay attention to whether they answer the questions or try to talk about something else. If they try to talk about something else, it could be because they know they have a weak spot.

Another essential aspect of asking advisors about is if they receive any payment from other companies they recommend. If they do, it is a big warning sign because they tend not to have your best interest at heart and will recommend it only on the basis of their wallet. They are most likely more salesmen than advisors in that case. You must ask them if they have any complaints filed against them in the past and if you can have references to know if their former clients are pleased and satisfied.

When you have gathered this information, you must remember to pay attention to your inner voice. Do you feel good about this advisor? Do you feel you can trust him or her? If you don’t have a good feeling about an advisor, don’t select him or her. Even if the whole things seem fine, it probably isn’t the best choice for you. If you need good financial advice, Fahim Ekbal Moledina is the right choice. Having years of experience in the industry, Fahim Moledina is sure to give you sound and valuable advice.

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