5 Things to Expect When Meeting a Financial Adviser


If you are reading this, chances are high that you've been approached by a financial adviser in the past. Surprisingly, many Filipinos fear meeting with a financial adviser for a number of reasons we, as financial advisers, really can't understand.

But what does a meeting with a financial adviser looks like?

Here are five things that you should expect when meeting with a financial adviser:

1. It will get personal.

Money is a personal matter. That is why most Filipinos choose not to talk about it with other people, be it a family member, a friend, or a colleague. However, when you realize the importance of talking about your personal finances, you should expect that the discussion will definitely involve personal matters like your income, your expenses, and even your financial desires for the future.

2. Your needs will be analyzed.

Each and every one of us has financial needs. And when you meet with a financial adviser, your financial needs will be analyzed. This is important because without analyzing your financial needs, it will be difficult to develop a practical financial plan that will help you to achieve your goals.

3. Your goals will be discovered and defined.

Because most Filipinos choose to stay away from financial conversations, we never think and talk about our financial goals too often. When you meet with an adviser, your hidden financial desires and goals will be discovered and defined and you'll even be surprised by your discovery of your own self when it comes to money and what you would like to achieve for your future.

4. Your financial milestones will be on a timeline and will have price tags.

Once your needs and goals are discovered, defined, and analyzed, your financial milestones will be on a timeline and it will come with a price tag. There's no such thing as a free lunch in the economic world we are living in. Believe it or not, even freedom has a price—just ask our national heroes if you doubt what I just said.

5. If you say 'yes', your progress will be tracked, reviewed, and adjusted if necessary.

If you say 'yes' to your financial adviser about your financial plan and the investment vehicle that you will use to achieve your financial goals, expect that it will become a long-term relationship. For some, it is as long as achieving your goals as a single professional until planning for your estate. Achieving financial security and abundance is a continuous effort. That is why no one can say that they will start focusing on their finances once they are done enjoying their lives while they are still young.

Most Filipinos are afraid of meeting with an adviser because their first impression is that the meeting will only be about sales. That is totally wrong. A meeting with a financial adviser is all about you, your needs, your goals, and how you can best achieve all of them.


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