Deciding whom to entrust your life savings with is not a decision you’ll make lightly. Because there are no educational or professional background requirements to become an advisor, all financial advisors are not equally skilled or qualified.
Care & Chemistry
Probably the most important initial consideration is the advisor’s demeanor and personality. Be sure that you’re comfortable with him or her and that he or she really listens to you. Your advisor should ask questions about your individual circumstances and demonstrate that your answers are truly understood.
To help you become more familiar with the advisors at Onyx, see our biographies that tell you not just about our advisors’ education and past work experience, but also something about who we are as people and how we work. Hopefully, you’ll find this to be a good starting point to know if you might be in the right place at Onyx.
Approach & Incentives
Different advisor firms have very different investment philosophies that dictate their approaches to managing your assets. Some try to predict market or stock movements for the purpose of timing adjustments of your asset allocation in an attempt to outperform the markets. See “Is Onyx’s investment philosophy right for me?”
Others guide you (without neutrality) toward the purchase of the specific products they happen to sell. There are some substantial differences in how advisors get paid and you should always be aware of where their payment comes from. See “Why should I use a Fee-Only Registered Investment Advisor?”
These differences significantly impact the advice you receive and the way your investments are managed over time.
To help you understand what different advisors do or don’t do, and what distinguishes one from another, we developed these FAQs and several articles and white papers.
Before you interview potential advisors, check out this article “Finding a Trusted Financial Advisor” written by Terry Roe. It provides four questions that you should ask your prospective advisors.
In the end, choose an advisor you can become comfortable trusting and who is most closely aligned with the philosophy you believe best suits your goals and needs.
You are always welcome to visit with us to learn why Onyx provides wealth management the way we do and what you can expect if you work with us.
Call 208-522-6400 to schedule a meeting. There’s never a charge for our initial consultation and we’re sure you’ll walk away with good information and some new ideas.