notices - See details
Notices
KE
Kate Elder (not verified)
19th December 2017 | 7:33am

Here are a few others that I would suggest based on my 25 years in this business:

1. Good advisors treat their staff well. Bad advisors demean their staff.

2. Good advisors reply to client calls/emails within 24 hours. Bad advisors exceed this period. Horrible advisors don't reply at all.

3. Good advisors participate in community outreach/charitable events because they want to. Bad advisors are active in their community simply as a means to generate business.

4. Good advisors are humble. Bad advisors think they are "gurus".

5. Good advisors know the limitations of their knowledge. Bad advisors think they know everything. (this is different than #4)

6. Good advisors progress thru the stages of financial planning at the client's pace. Bad advisors show up at the first meeting with an application in hand.

7. Good advisors take responsibility if something is forgotten or an error is made, no matter how small. Bad advisors blame their staff.

8. Good advisors practice what they preach. Bad advisors have debt or spending problems, use different products than what they recommend to their clients, don't have a succession plan and/or don't have a will.