Hawley Advisors – The Right Financial Advisor for You

Financial consultants come from a range of cultures, carry numerous hats and provide programmes that are vastly different. So that asks the issue, “What makes an advisor from Merrill Lynch, or UBS, or MetLife, or another firm, big or small, different from any other?” If you’re looking for more tips, Hawley Advisors has it for you.

That’s a wonderful issue, one that I get asked all the time. Still the query I always feel lingering just below the surface is one that, if ever, is much too seldom addressed. The issue is the… “Who is the right advisor for me and my family?”

One thing for sure, sleek slogans and fancy websites aside. Determining who is who in the finance sector and addressing the query is much tougher than ever before.

There were strong gaps between financial sector companies, their representatives and the programmes they delivered only a few short years earlier. There were banks that helped people raise money or get loans. Market traders operated and traded shares for wirehouses and broker/dealers. Shares were marketed directly or through their own distribution agents through Mutual Funds. And through their brokers, insurance firms marketed the insurance.

Today, straight lines evaporated once. Now with many types of financial service companies and many types of financial advisors, there is one wide, and rather blurry, financial services market. A whole new area of play has been generated by the relaxing of industry legislation, sector restructuring, the subtle, and continuing, change from transaction-based business to fee-based business, and the move towards small independent businesses. The majority of businesses big and small, and their experts today provide a broad variety of goods and services, from finance to finance, tax preparation, insurance, strategic planning, you name it. Thus it is no wonder that there is uncertainty among customers.

In knowing what commodities they purchase and from whom, today’s financial services consumers have to be increasingly more vigilant. About my advice? Only ask questions. The merrier, the more concerns. “Do NASD Series 6 licensees differ from Series 7 licensees?” “Do the various designations thrown about the industry make a difference?” “How much experience should an advisor have?” “Does the type of firm an advisor works for make a difference?”

For starters, see the 10 Questions to Ask Your Planner from the CFP Board. Then, depending on what interests you, formulate your own queries.

Through posing questions and taking notice of the replies, you can begin to grasp the industry’s parameters, its participants, and its leaders. You can also discover the drawbacks of any single company or contractor, what resources you actually require, and what sort of consumer experience specialist will better represent you.

There’s plenty, though.

“Once a wise financial planner told me, “It’s not completing an exam that makes a great advisor, it’s what makes a great advisor in that advisor’s heart.” That’s something that stuck with me. Aside from preparation, understanding, and practise, excellent advisors also think for their consumers.