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CORDA Investment Management Explains What to Look for in a Financial Advisor

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CORDA Investment Management Explains What to Look for in a Financial Advisor

Houston Investment Management firm provides counsel on hiring financial advisors

PR Newswire

HOUSTON, Aug. 7, 2018 /PRNewswire-PRWeb/ -- Houston, Texas, investment firm CORDA Investment Management, LLC, knows that not all financial advisors are the same. It is vital for each family to choose an advisor who is trustworthy, fiscally responsible, and excellent at developing personalized strategies to grow the family's wealth. From CORDA founder Bonner C. Barnes, here is what to look for in a financial advisor.

Integrity
From returning phone calls in a timely manner to following through on promises, a financial advisor should behave with integrity at all times. This provides reassurance that a family's money will always be treated with the utmost care.

Patience
Investment is a long game, so financial advisors need to have the patience to maintain a long-term view of the financial markets. A good advisor also has patience with each client, taking the time to discuss and explain rather than simply making rushed decisions.

Communication
The best financial advisors communicate regularly with their clients, teaching each client strategies for improving their financial situation rather than simply taking over the entire process. They also know that financial goals can change over time, so they proactively ask questions that can help fine-tune strategies.

Education and Experience
A good financial advisor is always seeking ways to improve his or her knowledge and to stay up to date on the latest regulations and best practices. Seek an experienced financial advisor who is dedicated to continuing education.

Fee Structure and Fiduciary Oath
While commission-based brokers have divided loyalties, a fee-only financial advisor works solely for the client. Since there is nothing to be gained by choosing specific investments, the advisor's only goal is to maximize the client's wealth. In addition, fee-only financial advisors must abide by a strict fiduciary oath to always act in the client's best financial interest.

Customization
The best financial advisors know that each client is an individual. Rather than trying to fit clients into pre-made financial plans, they will sit down and get to know each person, and then create a customized plan with long-term and short-term goals that match the client's needs and desires.

About Corda Management
CORDA Investment Management, LLC is an investment advisory firm that provides wealth management services for clients nationwide, with offices in Houston, Austin, and Dallas. Their hand-picked team of experienced advisors have relationships with more than 1000 families. The firm carefully customizes each client's portfolio to match that client's individual needs. The firm has won numerous awards, including recognition from both Barron's and Forbes.

CORDA Houston office (headquarters)
8955 Katy Freeway
Suite 200
Houston, TX 77024
281-407-1531

CORDA Dallas office
15660 N. Dallas Parkway
Suite 1425
Dallas, TX 75248
469-453-6498

CORDA Austin office
1101 S Capital of Texas Highway
Building G, Suite 150
Austin, TX 78746
512-518-6849

For more information, visit the firm's website at http://www.cordamanagement.com/.

 

SOURCE CORDA Investment Management

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