A financial advisor is a person you can trust to advise you on the best way to manage an important area of your life. Many people admit that our value depends a lot on the money you have in our pockets, in our accounts, or in the form of our assets. It’s hard to feel like a decent person when you don’t have money.
Money makes life more accessible, and money makes life pleasant.
Without money, you will almost certainly not be able to enjoy life, and in fact, your life will be demanding as you will inevitably begin to have a hard time getting the essentials. It is also a fact that it is quite challenging for most people to get money and even harder to keep it. You seek the services of consultants to improve your chances of earning income and saving money. There have been cases where people acting on the advice of their financial advisers ended up making bad money moves, the result of which was the loss of their hard-earned money. When this happens, it also turns out that the people hire the consultants. It is enough to stop people from looking for financial advisors.
It is the background that people tend to come from when wondering “how to find a financial advisor that best suits your interests.”The financial advisor you hire must be someone who owes no one. If you hire an advisor who owes you to any other stakeholder, a conflict of interest will likely arise, and your interests will ultimately be affected. Other stakeholders in this context may include people who sell premiums, people who sell retirement plans, people who sell investment vehicles, etc. You are beginning to realize that many market consultants are actually “salespeople” for these people. The advice is always directed to buying such investment vehicles for commissions and bonuses to be paid to them. It is why some of these people are even willing to give you free financial advice, as long as they end up manipulating you into buying investment vehicles sold by their tellers. The problem, of course, is that buying such investment vehicles may not always be in your best interest.
The gist of all this is that you should only use financial advisers “for a fee” (which, therefore, are not included on the payroll of any investment house or insurance company). Since you are your sole payer, you can be almost sure that your best interests will be looked after and that they will provide you with excellent and objective financial advice. Hire a different type of financial advisor.
Summary
You can be sure that their advice will indeed be geared towards getting you to buy the investment/insurance products they sell so that they can earn commissions, regardless of the actual impact of that advice, on your financial life.
