How to Select the “Right” Registered Investment Specialist

Choosing a Registered Investment Specialist is tough. There are generally a lot of options so how do you differentiate the crème de la créme of advisors who you can really trust to manage your hard-earned money?

 

Why don’t you test drive a few models before you make a final purchase? Most Registered Investment Specialists offer a “free consultation” or some kind of ‘getting-to-know-you’ meeting where you can ask some questions before you commit.

 

If you only ask one question during this session, ask for references. Besides getting a feel of what it will be like to work with the advisor from this initial meeting, you’ll have an opportunity to learn first-hand what it’s like to work with the advisor based on the experience of his or her clients.

 

When you make the calls, keep in mind the qualities you want from your advisor. Here are a few that many people find important when selecting a Registered Investment Specialist.

 

1. Trustworthy

It's no secret that the client-advisor relationship is based on a foundation of trust. While many top performing advisors seem to do an incredibly good job of building a top-notch image of trust, finding an advisor that is actually trustworthy can be a bit more difficult. Selecting an advisor who sticks to their word and always keep promises can be a challenge.

 

No, advisors can’t guarantee a return on your investments, but they can promise to make smart decisions and working hard for you. Many advisors seem to be naturally charismatic people, but following through is the important part.

 

2. Action-oriented

It's not enough to simply have great ideas - the most successful advisors know that it's all about putting good ideas to work. Great advisors are always ready to take action and get the ball rolling. They want to set deadlines and get working on making great ideas turn into successful ideas. How can you identify action-oriented advisors? Look for someone who is ready to get moving and sets concrete deadlines for themselves.

 

3. Sets high standards

Top performing advisors set unrealistic goals. And meet them.  They make a habit of setting standards really high and somehow, against all odds, find a way to meet these goals. Advisors who think about their goals in terms of opportunities rather than challenges are better at thinking outside of the box.


This trait doesn't just apply on the job - the most successful advisors set high standards in all areas of life. Look for advisors who are active in the community. They are star athletes, students and performers because they always expect the best out of themselves.

*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest. Copyright 2014-2015 Advisor Websites.

Disclaimer: These are the views of Brown & Haught Financial Group, and not necessary those of Summit Brokerage Services, Inc. and any of its affiliates and should not be construed as investment advice. All information is believed to be from reliable sources, however we make no representation as to its completeness or accuracy.

Brown & Haught Financial Group, Inc. is an independent firm with securities offered through Summit Brokerage Services, Inc. , member FINRA, SIPC. Advisory services are offered through Summit Financial Group, Inc., a registered investment advisor. Licensed in: Arizona, California, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, and Virginia.

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