of wealth creation?
The first step is to choose your advisor with care and caution and once you have done that, trust him to do his job. The key factors that you need to consider when choosing your advisor is his experience, attitude and approach, qualification expertise and knowledge, his revenue model and above all trustworthiness.
All of the above are key, however, the elementary one is trust. Do you trust your advisor to enable you to reach your goal? Do you trust every letter/word of advise rendered? If not, then you need to find another one. An entity or a person, who drives your investment solely through products is not the person you are looking for. Does the entity get in touch with you only at times of investing and not on a regular basis or when you want to redeem your holdings?
Once you have identified your advisor, get into a written agreement, which clearly mentions the approach, the tasks to be performed, regularity of meetings, investment methodology, return expectations, and the remuneration of the advisor.
Choose your advisor with care. And once chosen, do trust him in the same manner a six-month-old child trusts his parents when he’s lifted above the ground and has no fear of falling, as the child knows that the parents are there for protection.
The writer is founder and managing partner of Zeus WealthWays LLP