skills and knowledge of investment management. Per se, their knowledge is good but the slippery ground here is the philosophy of the company they work for. Building wealth is really very easy and is not as complex as it may be portrayed. Avoid philosophies where the focus is on a single aspect of portfolio management such as momentum or aggression or the ones that use complex jargon. Complex ideologies and techniques usually imply more churning, more expenses, more brokerage costs and all this reduce your return significantly. Do business with someone whose method you understand completely and don’t get carried away by his historical performance. Enrol him for his vision and not solely on his past numbers.
Lawyer: A good way would be to check with any of the above you are friendly with and who you can trust. Don’t shop here but go by recommendations from people you trust. This is a once-in-a-lifetime exercise but well worth it. Good luck on building your advisor portfolio.
— Author is Director - Transcend Consulting