Have you ever listened to your financial advisor explain something to you and thought, “What does that mean?”
Maybe it sounded impressive (and you didn’t want to admit you didn’t understand them).
Instead, you just agreed with what they were saying and went along with their suggestion.
It happens all the time.
And it’s one of the most common mistakes advisors make with their clients.
It’s called “assuming your client understands you.”
Please understand, I’m not knocking the credibility of financial advisors because this happens in most professions.
Example: The professional (doctor, lawyer, etc.) speaks in a language that’s familiar to them but not always to the client, patient etc.
Ironically (or NOT) most financial advisors communicate with words that we understand and assume that the person listening to us knows what we’re talking about.
And we often assume that every investor out there is up-to-date with all that’s going on in the markets.
Big Mistake…Huge.
Because the reality is most investors are more interested in their own lives than what’s going on in the global markets.
That’s human nature.
So, when listening to your advisor, you should never be afraid to ask the question, “What does that mean?”
Financial Advisor Advice
