Characteristics of a Good Financial Advisor- What makes a Great Financial Advisor

5 Key similarities between teacher and financial advisor

Teachers spend a lot of time with their students throughout the course of the year. Their observing nature often helps them understand the potential of their students so they can further nurture them both academically and holistically. Similarly a financial advisor too plays a crucial role in helping investors by understanding their financial requirements, their risk appetite, investment horizon to achieve their financial goals. Read 5 Key similarities between teacher and financial advisor here;

Their role of imparting knowledge

Be it a teacher or financial advisors, both of them are entrusted with a major responsibility of imparting knowledge so the objective of both the concerned parties is achieved. While a teacher is entrusted with teaching a subject(s) with set syllabus with his/her students, a financial advisor is delegated the responsibility of imparting financial knowledge through various investment

Thoroughly versed with their forte

The foremost similarity between a teacher and a financial advisor is their proficiency in their respective fields. Be it Math or English, a teacher of a particular subject is thoroughly adept with the subject, syllabus, school curriculum and other standards required for that particular subject. A financial advisor too, is no less when it comes to imparting financial knowledge to investors and potential investors. He is a qualified professional who understands the stock market, the numerous Mutual Fund schemes and how effectively he/she has to help the investor achieve their financial goals

Makes everything clear right from the start

In the start of a class, a teacher acquaints the students to the different subjects or lessons she would be taking up and how the students would have to achieve the objectives of the syllabus towards the final examinations. Well, a stark similarity between a teacher and a financial advisor is how clearly they establish the objectives right at the beginning itself. A financial advisor too ensures that you meet your financial objectives at the end. Akin to a teacher, he/she presents to you an array of Mutual Fund schemes that are aligned with your investible surplus so eventually; you’re able to achieve your financial goals

Effective consistency that works your way

Counsels in cloudy times

The role of a teacher is not limited to completing the syllabus or helping students pass exams; there is more to it. A teacher understands the contrasting personalities and different skills of his/her students, sharpens their abilities and builds confidence in them. This way a teacher is also able to establish a bond of trust between him/her and the students. In times when a student feels inferior our under confident because of approaching exams or peer pressure, the teacher plays the role of a counsellor to help the student stay on track and in focus. Now talking about a financial advisor, he/she is not solely a resource or professional to help you create wealth; but also counsel you during market fluctuation and maintain focus when you’re being given unsolicited advice. A financial advisor will always ensures that you don’t face any hurdle in your journey towards wealth creation and achieve your financial goals

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