Communicate Effectively With Your Financial Planner

Communication, whether in a marriage, in a business deal or with your investment 
advisor, communication can be the difference between success and failure. The communication between an investor and an advisor should be regular and disambiguous. Communication gap between the investor and the advisor will lead to great loss not only to the investor but also to the advisor.

i. Take Notes:
Any time you are talking with your advisor, whether by phone or in person, it is a
good idea to take notes. These notes should include a date, time and location of the conversation. Be sure to let your advisor know that you are taking notes so they will give you enough time to get everything down. It will also let them know that you are interested in all of the details.

ii. Don’t invest in anything that you cannot explain to someone else:
If your advisor says something that you don’t understand, ask them to explain further. If, at the end of the conversation, you still don’t understand, your advisor shouldn’t be encouraging you to buy. It’s a good practice to never invest in anything that you can’t
explain to someone else.