If you have a client’s financial needs you need to know, you need to understand the financial risk he or she faces. You need to know the client’s investment objectives, how much of their investment is being made, and how they’re likely to achieve their goals. You need to understand the client’s investment portfolio, and the client’s time horizon.
Your clients financial manager is your partner in managing your investment portfolio. He or she has access to your investment portfolio and a set of rules that govern how you invest your money. He or she is essentially your “financial eyes and ears” on your money. For most investors, it’s not a huge problem to have an adviser to help you manage your money, but for others it can be a problem.
It’s not uncommon for investors to have their adviser work for them, but then, to have to deal with the client’s advisor when things go sideways. In most cases, the client’s investment manager is the client’s financial advisor, but he or she has the client’s best interests in mind. The problem is that clients with an adviser often have a much better idea of their own goals, but then, the adviser has to work against their own goals.
If you have a financial advisor, the key is to make sure your own advisor has your best interest in mind. If you have an investment manager or advisor who is biased, selfish, or just plain bad, then you are not going to be able to get anything done for yourself.
It’s not always that clients with financial advisors have bad information. Sometimes they just have a bad attitude about money. However, in some instances they can also have an axe to grind. I have a client whom I’ve referred to a financial advisor for several years who just has a bad attitude about money almost every time I see him. He doesn’t do anything good for his clients.
This is a common problem I see a lot of times with my clients. It’s almost always because of money. Often they think they can do a good job for you without a lot of effort, but they may not be able to get it done. I have a client who’s been coming to my office for one year and its just been one bad month.
The trouble is that in most cases, you don’t have to know exactly what to do about money. It just comes down to the situation and the attitude of the people around you. You can make things easier on yourself and avoid wasting money.
I know this because I work with a lot of people who have an attitude problem. They think that if they just get back to work faster and work harder, they’ll get ahead in the business. They often think that this is a way to get ahead. For more on this attitude problem, look at the “I am always right” mindset. This is one of the most common and widespread attitudes I’ve seen among people who do business with me.
Its an attitude that is often difficult to overcome. If you have someone around you that believes that you should “get back to work faster” or “work harder,” you’ll soon hear them telling you that the only way they can get ahead is if you work harder (or more hours or in the future) and do everything at a faster pace.
I’ve seen this attitude problem a lot. For example, many of my clients would send me a message saying that they were having a tough time getting their accounts to show any profit on time. They’d say they were having an issue with payments, or that the payee was getting bounced, or that their financial manager was having a tough time getting a payment to show up. This made me wonder whether they were getting paid on time or not.