Question
Im a co founder of a SAAS application and we found a good adviser, we just need to prioritize what we need help with and what they are comfortable advising on.
But what can we expect from the adviser? What is a typical agreement?
Is it as simple as - The adviser will offer X hours of time a month for Y? or is it more detailed than that?
Answer
You can expect the following things from your Rockstar advisor:
1. Make clear and specific recommendations and explain how their recommendations will help you meet your goals.
2. Explain the risks involved with every investment they recommend.
3. Answer your questions about investment products and strategies.
4. Keep your personal information safe.
5. Get your permission before buying or selling investments on your behalf, and confirm it in writing (unless you have a discretionary account or you have given someone else trading authority or power of attorney over your account).
6. Send regular account statements and meet with you at least once a year to review your information, progress and update your plan, if appropriate.
Apart from those above you should not expect these things from an advisor:
1. Guarantee market performance.
2. Buy or sell investments with unclear instructions.
3. Achieve unrealistic expectations of profit or always recommend profitable products.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
