Wednesday, April 29, 2015

How a Model Financial Portfolio Can Give You Clarity

After you're done reading this, you'll be a numerical genius rivaling that of any other-worldly mathematician (not really). Why? Think of what it would be like to get to look at any financial advisor's portfolio of services; exhausting, maybe? Perhaps. That's because what you're looking at is a jumble of code only the Matrix and Neo could ever comprehend. Or if you're not the One or a massive computer-generated dream world, you're just one of the accountants for Cloud Based Bookkeeping serving the hundreds and hundreds looking to get their finances in order with excellence.

But You're Not. You're a Professional Needing the Assistance to Figure Out Which Financial Advisor Can Serve You the Best.

And do to that, you need a look at that financial portfolio, but what you need to grasp is whether or not the past accounts for said advisor were managed with simply algorithms over and over again, or some complex strategic initiative tailored to the client. In other words: is the financial advisor treating the account as a unique situation? Is every client considered a special case deserving specific attention?

That would be the unique selling proposition for a game financial advisor trying to win new clientele over for not just tax planning, but other stuff as well. When consulting customers, that's what an advisor would do -- show up a portfolio, not because a specific number would work, but because the advisor can get a little creative, maybe even a little ambitious with trying to nurture success, growth, stocks, bonds, residual income, and other streams of revenue.

We're Talking About Some Serious Financials

There are truthfully a lot of questions to ask when consulting with a financial advisor. This, though, undoubtedly is the killer question, separating the amateurs from the pros in the business. Ask for that portfolio; let them show you what they've got. Or not. Or at least show you that there is no spoon.