How often should you meet with your financial advisor?

The question that concerns many investors is how often they should meet with their financial advisors. It is an issue that doesn’t have a definite answer and if you are asking yourself the same question, here are some points you should consider.

What issues are associated with frequency of meetings?

How often should you meet with your financial adviser

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In most cases, the expense and cost of meetings is the issue that dominates how frequently you should meet. For instance, think about a British expat whose financial advisor operates from Britain or another country, and consider the amount that he or she will have to spend for a face to face meeting to happen.

Service providers in this industry typically think through the eyes of both their client and their businesses. Because advisers want to remain valid and productive, most of them will prefer to meet with their clients at least once a year. A client and their adviser should keep constant communication through emails and phone calls to update each other between meetings.

Is an annual meeting enough?

When it comes to the number of times you want to meet with your financial advisor, you should have as many meetings as you wish. If you are comfortable with one meeting, then it is fine to settle with that. On the other hand, some firms offer two exclusive meetings within a year, while others will prefer to meet their clients on a quarterly basis.

Reasons that would lead to more meetings would include:

A change in lifestyle

A simple lifestyle change could lead to a significant impact on your tax income, debts, and portfolio. Thus, situations such as getting married, birth, death, divorce, and moving to a new location, need financial consultations.

Debt addition

If you want to purchase a new car, a house, take investment risks or launch a new business, consultations will be beneficial. The advisor can help you learn of the implications extra debt could have on your goals and your finances, hence easing the pressure that comes with such changes.

Receiving money

If you receive a large amount of cash after selling an asset, or you acquire an inheritance or pension, it is vital that you sit down with your adviser. They will provide some insights and tips on how you can reinvest that cash or make good use of it.

How often should you meet with your financial advisor – where to find out more

At Blenheim Global Assets, your financial advisor will review your portfolio on a quarterly basis, which is essential to meet your goals and to help you to make the right decisions. Get in touch to get personalised assistance on financial planning.

Read more about our investment service here.


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