There are skills and qualifications that financial advisors should have that will be beneficial to help you with your financial needs. However, more than having those qualifications, it’s quite meaningless if they don’t also have characteristics that can help them when working with customers. One financial advisor can be perfectly qualified but without the ability to communicate effectively, the progression with clients is very slow as they will encounter a lot of misunderstandings due to the lack of communication. Aside from effective communication being one of the main things every financial advisor should have, here are a few more characteristics that make a successful financial advisor:

They Are Analytical

Financial advisors, need to be able to analyse information like for example your financial transactions to be able to figure out the trends and certain patterns. In being able to determine this, you will be more cautious of your spending and if there’s a pattern in your spending, you will be able to prevent it from happening again.

Open-Minded And Curious

Financial advisors should acknowledge that not all situations are the same and that everyone writes their narrative so if they want to help their clients, they need to keep an open-mind. This will allow them to accept each of their clients’ situations differently. If your financial advisor is curious about your financial position, this is probably because they are trying to understand it which is a good sign as it means they have your best interest and want to tailor their solutions for you.

Proactive Is Key

Good financial advisors love to take the open form of communication which is great because it minimises mistakes and miscommunications and opens room for both parties to be honest and transparent with each other. As they need to understand your situation, they should be good listeners too and by that, we mean absorbing your information and responding to that rather than having it go out the other ear.

They Give You Confidence And Trust

Trust doesn’t come overnight but good financial advisors can gradually gain your trust so that when they are providing you with recommendations, you are confident in their suggestions and can follow through because you trust them. Of course, if you have any questions and need to seek more clarifications from them, ask and discuss with them.

Team Player

Just because they are financial professionals, they should not be working independently. Financial advisors should be directly working with you to keep you updated on what they are doing so everyone is on the same page and to do so, they need to be team players.

Leave It To The Professionals

With the help of experts like GJ Private Wealth, we can help you by stringing together the steps to achieving your financial goals. So if you are looking for a financial advisor based in Sutherland Shire, GJ Private Health can assist. We also offer other financial services like financial planning. To speak with our team about what we can do for you, call us on (02) 8539 7999.