The economic damage caused by the Covid-19 pandemic resulted in a situation where many investors realized they need a hand in managing their finances. Indeed, with markets facing huge changes overnight, expert knowledge is crucial. No wonder, there is a huge demand for financial advisors nowadays.
The challenge is how to pick the best advisor to work with when there are so many players in the market.
Here are 4 things to consider when choosing the right investment advisor.
Specialization is essential
Our long-term experience in the investment sector has proved investment companies should focus on a maximum of three sectors. No other way to become sector experts! Irrespective of the number of employees, you cannot play a successful game everywhere.
At Kingsmen Investments, we offer investment projects in the real estate and agricultural sectors. We have become experts in these fields. We often find ourselves in situations when there is no need to consult with an agronomist or a constructor.
We are also well-armed with knowledge related to sector laws and tax benefits. The question is why we should deviate from our strategic directions when our projects always exceed customer expectations.
Check the way they work
A general approach is useless when it comes to investment companies. A professional investment partner should be able to tailor his approaches so that they meet each partner’s specific needs and preferences.
We recommend that you talk to the potential company and clarify how often they communicate with the customers, what client experience they have, how they measure the success of an investment project, what resources they have, how informed they are about the local laws etc.
Look for clarity
Investing in various sectors is a complex procedure, the financial advisor should not make it even harder to follow. Mastering professional terminology is good, but simplicity is vital when it comes to communication with partners. If you feel the information the advisor has shared about an investment project doesn’t meet your satisfaction, you should walk away. Long-term relations are impossible if there is not enough clarity in communication.
Besides, if the advisor doesn’t do his best to ensure you’re 100% informed about the project you are investing in, he has a lack of enthusiasm for the project. Provided that he believes in the success of the project, he should be motivated to share the details.
Trust is important
The most important precondition for ensuring the success of an investment project is trust in the client-advisor relationship. You trust your money to the advisor, and you should be 100% sure that he will always be there to address your specific situations and goals.
They say an investment advisor should also be a psychologist. In times of unexpected storms in the market, he should calm down his customers and help them avoid emotional decisions while taking control of the situation. An investor must always have this inner feeling that he is getting good advice and he is on his pathway to achieving his financial goals.
Looking for a trusted investment partner in Armenia? At Kingsmen Investments, we are ready to address all your questions and guide you through your investment journey in Armenia. Check out our investment opportunities here or give us a call at (+374) 95 110 301. High return on investment guaranteed!