Wealth Management was for too long the overflow of finance. It's getting better as "retired" hedgies and IB guys drift in. But still, you can achieve a lot by asking your Investment Advisor or Relationship Manager a few simple questions:
1. How do you invest your own money? How many times have you bought equities with your own money? What positions do you hold now?
2. Would you buy this with your own money? If yes/no, why not? (Different risk profile is a fake excuse.)
3. Finance is a huge field, which areas of it do you understand best and least? What qualifies you to say that of yourself?
4. What's 37% percent of 84? (or any other random basic mathematical question) Either a timely perfect answer, or a very fast one close to accurate is acceptable.
5. Is there a cheaper way to implement this strategy?
More questions to ask your Financial Advisor coming soon!
1. How do you invest your own money? How many times have you bought equities with your own money? What positions do you hold now?
2. Would you buy this with your own money? If yes/no, why not? (Different risk profile is a fake excuse.)
3. Finance is a huge field, which areas of it do you understand best and least? What qualifies you to say that of yourself?
4. What's 37% percent of 84? (or any other random basic mathematical question) Either a timely perfect answer, or a very fast one close to accurate is acceptable.
5. Is there a cheaper way to implement this strategy?
More questions to ask your Financial Advisor coming soon!
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