Advisors are like barbers or hairdressers, you need to find one that you trust not to ruin your hair, but also one you like enough to sit in their chair for an hour or more. However, there’s more at stake than a bad fade or uneven bangs when you enlist the help of a financial advisor. The relationship you have with your financial advisor can potentially set the tone, even success, of your strategy.
A great advisor knows how to adapt, shifting between the roles of professional, friend, and support system based on your unique needs and circumstances. Striking the right balance between professionalism and a personal connection paves the way for a strong advisor relationship. Read on to see what you should look for in your relationship with your advisor.
Trusted Advisor Mindset
A trusted advisor mindset is a client centered one. This means your needs and concerns will be at the forefront of every interaction. Whether that means spending your whole appointment strategizing or simply lending an ear during a challenging time, your advisor should be attuned to unique situation and needs. They should not only answer your questions but do their best to anticipate ones you may have. A trusted advisor mindset enables you to feel confident that you are heard, understood, and that your needs are being addressed.
Structured Meetings
Your advisor should be able to balance addressing your personal needs and fulfilling their professional responsibilities to you. While it’s important for them to create a space for you to share, vent, or celebrate life events, they should also keep the meeting focused on your financial goals. An agenda can be a helpful tool in maintaining this balance, guiding the conversation to cover both personal topics and essential financial matters. This will help them address both your needs and your goals during your sessions with them.
Data-Driven Decision-Making
While your advisor is listening to the more personal details of your life, that should not influence the advice they offer you. Their recommendations should be rooted in facts and the strategies decided upon supported by data. Your advisor needs to be able to show you that data, answer your questions about it, and explain it thoroughly to your satisfaction before you make the decision to implement it into your plan. Programs like Prime Capital Financial’s Clear Picture Wealth Program, which provides in-depth wealth data analysis, can be valuable tools for creating transparent collaboration between you and your advisor. These tools empower you to make informed decisions and build confidence in your financial strategy.
Second Opinions
An advisor who prioritizes your success will not only support your decision to seek a second opinion but actively encourage it if it helps you feel more confident in your financial plan. They will also offer second opinions to those seeking clarity on their current strategies. Ultimately, an advisor’s priority is to ensure the client has a tailored financial plan they feel confident in. Whether the advisor creates the plan from start to finish or simply provides a second opinion on an existing strategy, what truly matters is that the client feels supported and empowered to achieve their goals.
If you’re looking for an advisor skilled at balancing the personal and professional aspects of a relationship, or if you’re looking for a second opinion on your current strategy, remember, we are here to help with the complexities of financial planning while keeping your financial goals in focus. Give Jason Noble a call today at (843) 743-2926 or call Andy Merchant at (316) 669-9413 to take the first step toward designing a portfolio tailored to you.
This article is for general information only and should not be considered as financial, tax or legal advice. Prime Capital and its associates do not provide legal or tax advice. Individuals should consult with an attorney or professional specializing in the fields of legal, tax, or accounting regarding the applicability of this information for their situations.
Advisory products and services offered by Investment Adviser Representatives through Prime Capital Investment Advisors, LLC (“PCIA”), a federally registered investment adviser. PCIA: 6201 College Blvd., Suite#150, Overland Park, KS 66211. PCIA doing business as Prime Capital Financial | Wealth | Retirement | Wellness.
QM-662687-2025-01-06
