Practical Lessons for Your Financial Life (Collection)

Communication with Advisors

Think back to our earlier discussion about transparency. This concept also applies to the way you communicate with your advisors. This means setting expectations in the beginning of the relationship about how you’re going to communicate, what the frequency will be, and what you expect to get out of each one of those communications. What communication will occur in writing? What’s going to happen verbally? When is email an acceptable way to correspond? Sometimes you may find yourself harboring feelings that you’re either afraid to express or can’t find the words for. This can apply to both investors and advisors. Sometimes we walk around festering with feelings of frustration, anger, disappointment, or even just confusion, ...