There are many ways to achieve success, but in the search for it, one must be willing to explore and be unafraid of failure. Learn the rules, develop your skills, and make your own way into the world without fear. Rules and standards can be challenged, especially with changing environments, but you have to do this intelligently with proper protocols. Learn the mechanisms at work and behind each process and structure figure a “best practice” that delivers consistent return on investment. It is not how much work you do but how efficiently you process that work which matters. Methods of execution are of enormous importance in a high paced environment.
If, for example, you want to delve into the world of business and finance look at the people who have achieved success – individuals who are skilled investors, backed with a background in finance or business, or who have worked in the industry long enough to know how it ticks and master its idiosyncrasies. These people can analyze and make a decision about asset allocation, identify good investments, and monitor financial portfolios. If you want to be like them, then learn. Get a mentor, study, experience it. If you’re willing to put the hard work in, you will succeed.
In certain circumstances, people may have the cash in hand but have no idea how to go about investing it. They’d rather have professionals handle their investments for them. That’s where financial advisers step in. They can act in an advisory capacity and provide a plan/investment recommendation for the investor to execute, or they could execute agreed upon plans for the investors themselves.
Who doesn’t want their investments to be successful? If you’re part of the latter group and have the money but not the know-how and would prefer to have someone else handle your investments for you, then it is important to find the right financial adviser. This relationship is going to be a partnership, it will require trust, and you’re going to want to work with someone that fits well with who you are.
Jeffrey Arsenault of Old Greenwich CT, a well-known hedge fund of funds manager, has some key insights that can help you find the right financial adviser for your needs. Below are some things to consider:
- You can seek advice from a lawyer or a certified public accountant. They most likely will know one or two financial advisers and can refer you.
- You can go online. Use the internet, it’s a great tool. It’s quick and easy, and it makes invaluable information accessible. You can look up the best financial adviser in your area and get in touch with them. You can even shop around to see which one will give you the most for your money. Just make sure that you go about it smartly. Verify the information and always ensure that the websites you visit are trustworthy.
- Use your contacts. You have colleagues, friends, and family members. Use your built-in social network. Since you already have an established personal relationship with them, see if they can refer you to a good financial adviser. Maybe even get you a better deal than normal.
Jeffrey Arsenault is a financial expert who believes that when it comes to hiring professional advisers, investors must be prudent in making their choice. Who you pick to handle your investments is crucial because this decision could mean the difference between attaining your financial aspirations and failure.