Investor Beware – Spotting Red Flags When Picking An Advisor
Spiros Vassilakos · CEO & Private Wealth Advisor
In today’s economy and the possibility of a long-term market downturn, a lot of people are searching for a financial advisor. What differentiates an advisor who does the bare minimum versus those who will go above and beyond?
An advisor that works with every type of client probably has less time to dedicate to you. If they are only telling you good news, you may want to be wary. On today’s episode, we’ll break down some of the big red flags you need to keep a look out for when you start working with a financial professional.
What We Discuss Today:
- 0:30
- People are looking for advisors
- 2:24
- Stanley Cup Finals!
- 3:47
- Works with all clients
- 5:39
- Only good news
- 7:18
- Ask the right questions
- 8:21
- Uses a lot of jargon
- 10:58
- High level of certainty
- 13:00
- More talking than listening
Quotable Moment:
“At the end of the day you want to make sure whoever you started with is the person you’re going to continue your journey with.”
– Spiros Vassilakos
This piece is adapted from The Audible Advisor, hosted by Spiros Vassilakos. It is educational in nature and is not individualized investment, tax, or legal advice.
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