How much experience should a financial advisor have before I consider hiring him?
Experience matters more than most people know. Here’s why… The future may not mirror the past, but it is certainly an echo of the past. When you wrestle with choosing someone to advise you, think about the depth of experience they have accumulated. No one puts an untested person in a position of leadership – certainly not over your life savings. During the darkest hours of the correction of 2009, we received phone calls from other financial advisors who turned to us for insight as to what was happening and what they should do with their client’s investments. In fact, the Market Comments piece we put out weekly is read by other financial advisors throughout the country. How much experience should you use as a guide? More is better. We suggest 10 years minimum. Ideally, you will find someone who has worked through a full market cycle and through a severe bear market. Please note that hiring an inexperienced advisor who works for a firm that has been around for decades is not the same a
