When and How to Communicate With Your Financial Advisor
Building a strong relationship with your financial advisor is key to achieving your financial goals. At Fuentes & Angel CPAs LLC, we believe open, transparent communication creates the foundation for success. Not sure where to start? Here are some tips to help you communicate effectively with your financial advisor.
1. Be Clear About Your Financial Goals
Your advisor is here to guide you, but they need a clear road map of where you want to go. Whether your goal is saving for retirement, launching a business, or buying a home, share your priorities and timelines. The more specific you can be, the better your advisor can tailor their guidance to fit your needs.
2. Don’t Be Afraid to Ask Questions
Not sure what an investment term means? Confused about how a tax strategy works? Asking questions is crucial to understanding your financial plan. A good financial advisor will welcome your curiosity and explain everything in clear, simple terms. After all, you’re the most crucial decision-maker in your financial future!
3. Share Changes in Your Life
Life is always evolving, and major events—like getting married, having kids, or changing jobs—can impact your financial plan. Keep your advisor in the loop so they can adjust strategies or recommend new approaches to keep you on track. Think of them as your financial partner—not just for today, but for all of life’s big moments.
4. Stay Proactive with Regular Check-ins
Successful financial planning isn’t a one-and-done event. Set up regular check-ins—whether annually, quarterly, or whenever works best—so you can discuss your progress, review performance, and make adjustments as needed. Proactive communication shows your commitment to your goals and helps your advisor stay ahead of any potential roadblocks.
5. Be Honest About Your Concerns
If something doesn’t sit right with you—be it a suggestion, a fee, or a risk level—speak up. Your advisor wants to build trust and craft a plan that makes you feel confident. Openly sharing concerns or hesitations can lead to stronger decisions and a better client-advisor relationship.
Ready to Hire an Accountant?
No need to feel stressed anymore when you have certified public accountants by your side. Based in Jericho, NY, Fuentes & Angel CPAs LLC provides financial processing to assist individuals and businesses.
Contact us today at (516) 402-3927 or fill out a form for a free consultation.