Top Traits Of A Good Financial Security Advisor

Choosing a financial security advisor can be a stressful decision.  After all, your financial security both today and in the future depends upon the guidance and advice of your advisor.  It’s important to choose a good one. Financial security advisor such as Robert Yancovitch who are worth their salt will have a certain set of qualities, so it’s a good idea to look for certain things when you interview a potential advisor to manage your finances.  Below is a discussion of the common traits of a great financial advisor.

A good reputation

Financial security advisor such as Yancovitch work hard to achieve a good reputation in the industry, and it is that reputation that earns them more business.  How?  Typically, word of mouth referrals are an advisor’s best source of business, and you wouldn’t recommend him unless he did a good job, right?  If you get a referral from a trusted friend or family member, you can be reasonably sure that that advisor is trustworthy and has a good reputation.  That’s always a good place to start.

Good communication skills

Financial markets aren’t easy to understand, especially for those who are new to investing and money management.  A good advisor will break down complex concepts for you so that they are easily to understand.  More than that, he’ll explain why he is making his recommendations and why he thinks they would benefit you.

An even keel

The reality of the financial world is that things go up and things come down.  They fluctuate.  With most investments, there is a certain degree of risk involved.  A financial security advisor’s best asset is the ability not to panic when things change.  Advisors like Robert Yancovitch understand the importance of devising a well thought-out financial strategy for each client – and sticking to it.  Don’t deal with advisors who are constantly trying to push on you the latest trendy stock of the day.  You should never feel pressured into investing if long-term growth is your ultimate goal.

Similarly, a good financial security advisor will be trustworthy.  To do that, he should exude confidence and knowledge, without being cocky or arrogant.  You should come away from your appointment feeling relaxed and confident in the decisions your advisor is making on your behalf.  If you feel unsure or ill at ease following a meeting with your advisor, that should be a red flag.


Of course, it’s important to hire a professional, experienced financial advisor.  Anyone can say he is a financial advisor, but it’s important to find one who has the education, experience and certification to back it up.

They meet all of your financial needs

A good financial security advisor such as Yancovitch will take a complete look at your financial situation before making any investment suggestions.  For example, he will take the time to ask questions about your current financial situation, your goals, your insurance needs, investment preferences, risk tolerance, etc.  He should ask about your spending/saving habits, your current debt load, your short- and long-term financial goals, and anything else he needs to get a complete picture of where you are financially and where you want to be, so he can formulate a plan to get you there.