Let's look at some common approaches when choosing a financial advisor and explain how our approach can help you.
#1: SUCCUMBING TO A GOOD SALESMAN
Selecting an adviser based on how good a salesman they are usually results in being sold something that isn’t quite right for your circumstances.
Our Astra advisers act as ‘coaches’ and help you understand your options so that you can make a calm, informed decision and really make sure that the fit is right. We check your portfolio and your attitude to risk to determine if you are in the right products and investments.
#2: NOT TAKING STOCK OF YOUR ASSETS.
The first step into financial planning is to know where exactly you are right now. A lot of advisors can charge you just by bringing your affairs into order so that you can get an idea of where you are.
We make it very easy for you to get started with support & guidance, which usually costs nothing to get set up! Our expert research, in-depth knowledge & experienced advisors will make sure you're happy with the best investment ideas.
#3: NOT CHECKING THE ADVISORS BACKGROUND.
There are many excellent financial advisors who can help you plan your investment strategy, prepare for your retirement and more. Placing all your valued trust in one advisor can be a big decision and so it's important you are making the right choice!
Unfortunately, unscrupulous advisors do exist as well as those who lack empathy and understanding. So, it's very important to check their background. If you need to, ask for their profile, their experience, qualifications, specialist expertise & reviews. This should hopefully give you a clear idea of whether or not they are the right advisor for you!
#4: NOT ASKING FOR REFERENCES,.
We all feel much more confident about making such financial decisions or purchases if other people have also done so, and left positive feedback.
A good advisor will have a multitude of references from happy clients and great relationships, Read our reviews
#5: BLINDLY FOLLOWING ADVICE.
Your financial advisor is working for you! It's your money and at the end of the day, YOU should be the one to decide where it goes. If you're uncomfortable with anything, make sure you ask questions!
Some great questions to ask are; how will I benefit? Is this too risky or too safe for me? You want an adviser who is open to this type of discussion and you want to ensure you understand how the recommendations they make are right for you.
Our advisers would never rush you to make a decision and they certainly wouldn’t implement anything you were uncomfortable with. Never be afraid to challenge your adviser.