An opportunity, or a pig in a poke?
March 19, 2009 8:21 AM Subscribe
How do I get the most out of a meeting with a financial advisor I don't particularly trust?
posted by LN to work & money (10 answers total) 2 users marked this as a favorite
I have a meeting this afternoon with a financial advisor at my bank, to discuss investing strategies and wise places to put money in this economy. This meeting was requested by him, not me.
A little background: I dealt with this individual when opening an RRSP for myself eight months ago, and was not at all pleased with how the process was handled. It took a couple of months to get the RRSP set up, because he repeatedly botched the process. Now he wants a meeting with me to discuss my investments (I presume he means the RRSP), but because of past experiences, I am extremely suspicious of him.
Add to this the fact that I am not at all a "numbers person". So much so, the minute he starts talking about the various options the bank offers, my brain ceases to be able to process the information. I might as well be listening to white noise.
I'm prepared to at least talk to the guy, because I understand that it's his job to sell services to the bank's clients, but I want to go in with eyes wide open. I don't want to be sold a pig in a poke!
Financial-savvy Mefites, what are some strategies you recommend for me to get the most out of this meeting?
(This is in Canada, in case that makes any kind of difference)