HOLLIS JARDIN’S guide to getting the best Financial Advisors

Aug. 18, 2009 - PRLog -- The first thing you need to realize is that YOU are, in reality, the Chief Executive of your own investment company, and so ultimately responsible for your and your families money. Anyone who goes anywhere near your money, be they fund managers or financial advisors should be reporting directly to you.

Make sure that whoever handles your investments is put through a rigorous vetting process,  HOLLIS JARDIN recommends you ask questions like:

1)   What sort of background does your advisor have?
Check an advisors criminal and regulatory record, and get references from previous employers.

2)   What checks and balances are in place?
When making payments, always ensure they go to a 3rd party or escrow agent. Never send cheques directly to advisors. Also find out which auditor the advisors firm uses.

3)   Speak to other clients of a potential advisor.
      Ask for references from past and present clients, find out what sort of relationship he            has with them, how often he communicates with them and how ethical he is. Does he perform better in Bull or Bear markets?

4)   Find out about the advisors pay structure:
Does the advisor charge a flat fee, work on commission, or an hourly rate?

5)   Can the advisor put it in writing?
Ask for a formal written outline documenting what services will be rendered and what fees are due by you, as well as the advisors goals and plans for your investments.

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HOLLIS JARDIN specializes in the marketing of private equity investment opportunities to the entire universe of investors in Alternatives. It represents a limited number of managers with differentiated strategies, generally, on an exclusive basis.