In a constantly changing context, it is increasingly difficult to be accompanied by investments and wealth management. And the arrival of digital in the banking and heritage world does not always facilitate things.
Which address? How to choose your advisor? What are the criteria to prioritize to best target the professional who will accompany you over time? What are the good questions to ask before making your decision?
In the heart of this second electoral episode, we give you some keys to choose your interlocutor in terms of investments.
- Check the degree of skills and professional approvals of your interlocutor
First and foremost, as a lay person, you need to ask about the skills and professional abilities of the person who is supposed to help you manage your money; including your banker or your family insurer.
You should know that there is a specific regulation on the professions of the Council in Wealth Management, Financial Investment Advisory, brokerage in insurance products and solutions or the sale of real estate.His Professional Liability insurance covers the risk of errors and protects you in this way.
All these amenities allow you to think that the professional who will accompany you is up to date with his trainings, so he keeps himself informed of new developments and constant legal and tax evolutions.
Tip:
According to landmark financial Tokyo review always play the competition which allows you to see the different levels of approach of your interlocutors.
- define with your advisor your project, your needs, your objectives and your means
A determining factor that should help you in your choice of companion lies in the approach of this one. The priority is above all to define your risk profile and your needs through a heritage audit. This support will allow your advisor to better understand your objectives and to present you recommendations in line with them while respecting your means.
- Dematerialized or not, the “free” advice does not exist
Once validated the competences of your interlocutor and launched the process of accompaniment, the question arises naturally of the cost that can represent the intervention of an independent Advice in Wealth Management or a Consultant in Financial Investment.
First of all, please note that there is no minimum amount of assets to hold to call on an investment professional. There are more and more tools to “democratize” the patrimonial council.
Check with your advisor, who should be transparent on the subject, that he no longer charges you if you entrust him with the mission to “sell” the product or the recommended solution. This is no longer allowed by the regulations.
Example: you define a need for investment in law, on new real estate to benefit from a tax reduction. Your advisor confirms to you that your age range, your income, your family structure, your debt ratio and your savings capacity allow you to embark on this type of operation and you entrust it with the mission to find the support immovable. Since your contact can and is paid by the real estate developer, he can no longer charge you his fees.
