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Is It Time to Look for a New Financial Advisor?

An advisor is hired by an individual or company to help them invest funds with the hope that they will increase in value over time. The market is performing well overall, but the individual notices that his investments aren't performing as well as he expected. The client is apprehensive about the monthly statements and turns to his advisor for help. 

The advisor who once was friendly and helpful suddenly seems unsure and isn’t answering questions with the same confidence he had when he first started to manage the investments. If you’re looking for more information about financial advisors in Auckland check this out.

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Reality Check

Do you think the above scenario is something you would recommend to your financial advisor? This is unfortunate but it happens more often than we would like. It may be time for you to leave your once confident and helpful financial advisor. These are some other indicators that you may need to find a new financial adviser.

•          Is your financial advisor no longer available? Reputable financial advisors should continue to be available to answer your questions, explain your investments and answer any fees.

•          An expert is someone who doesn't know more than you. Many financial advisors only have the title but lack the experience. It may be time for you to leave your current advisor if you are more knowledgeable about your wealth, investments, and financial plans than your advisor.

The first step in your investment journey is to hire a financial advisor in Auckland. After making your initial decision, don't relax. Keep in touch with your financial advisor to receive regular performance reports about your investments. 

It's smart business to hold your investor responsible and take an active role in your financial future. Do not be afraid to speak up and hold them accountable. Remember that investment will increase or decrease depending on the natural flow of the stock market. Do not abandon your investments at the first sign that you are losing money. Keep an eye on it.