{"id":659,"date":"2015-01-23T05:30:45","date_gmt":"2015-01-23T13:30:45","guid":{"rendered":"http:\/\/staging-prblog.paladinregistry.com\/blog\/?p=659"},"modified":"2015-01-23T05:39:31","modified_gmt":"2015-01-23T13:39:31","slug":"5-reasons-why-location-of-financial-advisor-does-not-matter-upd-jan-2015","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/advisors\/5-reasons-why-location-of-financial-advisor-does-not-matter-upd-jan-2015\/","title":{"rendered":"5 Reasons Why the Location of Your Financial Advisor Does Not Matter – upd Jan’15"},"content":{"rendered":"

\"financial<\/a>Many of the best financial advisors are located in major cities. Millions of investors, who use the services of financial advisors, are located in smaller cities. Does this mean investors in smaller cities do not have access to the best financial advisors?<\/p>\n

I have four caveats.<\/strong><\/em><\/p>\n

1. \u00a0The best advisors are very busy professionals. Their primary asset is their time. Therefore, they factor in revenue, time, and expense when they determine how they communicate with you: Face-to-Face, teleconference, or Internet. The more time and expense you represent, the more revenue they need to offset them.<\/p>\n

2. \u00a0You should be seeking the best advisor<\/span><\/a><\/span>, not the closest advisor. Selecting an advisor, based on location, could cost you hundreds of thousands of dollars during your lifetime. It is much more important to select the best financial advisor and negotiate an acceptable service strategy (meetings, teleconference, Internet) than it is to limit yourself to the closest advisor.<\/p>\n

3. \u00a0You will have a difficult time finding high quality financial advisors in a smaller city. Most of the \u201cadvisors\u201d in smaller cites are not really advisors. They are sales reps who masquerade as financial advisors<\/span><\/a><\/span> to reduce sales resistance and facilitate sales. Based on Paladin Registry\u00a0surveys, we concluded reps in smaller cities need commission income from the sale of investment and insurance products to meet their income requirements. The best financial advisors are not salesmen.<\/p>\n

4. \u00a0We are talking about service meetings at the end of calendar quarters and communications between regularly scheduled meetings. You should negotiate a service meeting strategy after you have selected the best financial advisor who is available to you.<\/p>\n

Advisor Accessibility is Key<\/strong><\/p>\n

PaladinRegistry.com<\/a> \u00a0has surveyed thousands of investors to find-out why they think they need local advisors. Their\u00a0 #1 response was accessibility. They felt more comfortable if they could jump in the car and go see their advisor.<\/p>\n