How do you know you’re getting real value from your investment advisor? Your financial advisor should provide details that allow you to assess value, and make you comfortable with the decisions made.
Here are some of the things Collegiate Capital Management feels you should expect from your financial advisor:
Complex solutions are not only harder for clients to understand, but they are also more difficult to manage well. This increases client risk. Your advisor’s recommendations should be as coherent and straightforward as possible and void of industry jargon, so that you have a clear picture of where you’re headed.
Nothing is more disturbing to an investor than a cloud of doubt hanging over the processes their financial advisor uses. You deserve—and your advisor should deliver—an open, collaborative process that makes clear such things as fee structures, reporting, and decision criteria.
The world is constantly changing. Markets and investment opportunities are dynamic, reacting to those changes in real-time. Your advisor should be able to clearly show how the ability to be flexible to change is part of the portfolio management process.
Investment is calculated risk. Most investors understand that. In planning a retirement strategy, though, managing that risk is key. You want to know that you are getting a maximum return at minimum risk. It’s your advisor’s job to assure you that your risk and return are being kept in a comfortable balance.
The bottom line is trust. Most clients find it hard to trust an advisor that can’t explain their financial plan in a clear, compelling, and systematic way. If the process your advisor presents to you is not straightforward and understandable, it may also not be efficient and effective. It’s your money. It’s your career and your retirement. You have a right to know, to understand, and to trust the process of involved in attaining your retirement goals.
At Collegiate Capital Management, we believe you deserve an investment process you can trust and that the above factors are essential and critical to success—both yours and ours.