The top traits of a successful financial consultant

Choosing a good finance advisor such as DTA can benefit you in numerous ways. Various features separate good consultants from bad ones. Here are some traits to look for when choosing the right financial consultant.

Passion for financial planning

A successful consultant has an absolute passion for the subject. This is very important because laws, standards, products and methodologies within the investment and financial worlds are always evolving.

A consultant who has a huge passion naturally gravitates toward learning more about the industry daily. Those who don’t have the passion consistently fall behind. They struggle to keep up with the developments in the industry. This alone can be the difference between failure and success as a financial consultant. Choose a consultant like Finance DTA who stays updated with what is happening in the industry.

Deep analytical ability

A lot of areas are involved in a thorough and complete financial plan. Retirement planning, cash flow planning, insurance planning, investment management and tax planning are just a few key areas that a good financial consultant can help you with.

Successful consultants know that the return and risk relationship drives almost every aspect of financial plans. Structuring an investment portfolio the right way and being able to reallocate the assets as goals and time change is very important.

Financial advisors should be able to plan and analyze a portfolio in the context of different metrics such as beta, standard deviation, tactical asset allocation, strategic asset allocation and drawdown.

Professional salesmanship

A good consultant such as DTA should have professional salesmanship. Financial consultants should grow their book of business to prosper. They should be able to sell their services across the whole spectrum of financial planning. Salesmanship is very necessary because a consultant should be able to communicate to the client the gap or problem in his or her plan that already exists.

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