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Robin Powell: Some people treat their financial adviser like an order taker. They go to them with set ideas about what they want. The adviser’s job, as they see it, is to carry out their instructions. But it shouldn’t be like that at all. You need an adviser who will challenge you, and ask you searching questions.
Chris Budd used to run a financial advice business. He now writes about personal finance.
Chris Budd: The general public will tend to invest in the stock market when they feel good. And that
RP: A helpful analogy for a good financial adviser is that of a sports coach. They’re absolutely on your side, and sometimes that might mean being tough with you.
CB: For that reason, I’m a big advocate of financial planners being experienced and preferably trained in coaching. So that we can challenge clients, but challenge them in a non-threatening way; challenge them in a way that will get them thinking about their lives, thinking about their self-limiting beliefs, thinking about things
RP: Self-limiting beliefs can stop us living life to the full. One of the reasons we fail to
CB: We have a client who we were trying to get to spend some money. Again, a lot of financial planners will have this experience. It’s hard to get people to spend money when they’ve got it. So this particular lady we were getting very excited about golf, she likes her golf, so we were trying to
RP: So, don’t be offended when your financial adviser really challenges you. They’re probably doing you a big
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