Ep 95: Investor Beware: Spotting Red Flags When Picking An Advisor

In the current market, a lot of us are looking to work with an advisor to help withstand these market turns. So, what do you need to look out for when working with a new professional?

An advisor that is a jack of all trades may not be the best fit for someone approaching retirement. Similarly, if they only tell you the good news, use a lot of technical jargon, or try to predict the turns of the market you may want to reconsider. Working with an advisor is a great advantage, but working with someone that understands your situation is essential. On today’s episode, we’ll break down five red flags investors need to be aware of when looking for a new advisor.

 

Today's key points: 

0:42 – How was Ireland?

1:47 – A jack of all trades

4:32 – They only tell you good news

6:34 – Setting realistic expectations

7:38 – Using technical jargon

9:20 – Fearful to ask

10:04 – Predicting the market

12:10 – More talking than listening

 

Read more and get additional resources here: https://principalpreservationservices.com/retirement-reality-podcast/