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Mike Coady was appointed Chief Executive Officer of swissglobal in 2018, a position to which he brings a strong financial background and experience across a variety of roles. Mike is a skilled business strategy and growth leader, coach and motivator. He is a people’s person known for his ability to inspire teams towards excellence. He mentors his people and departments to transform their passion into outstanding results and long-lasting relationships with their clients.

NYE Blog – Why relationships are so important to financial advice

Mike CoadyGeneral NYE Blog – Why relationships are so important to financial advice

NYE Blog – Why relationships are so important to financial advice

When you are considering investing your money, having a solid relationship with a financial adviser is not only ‘helpful’, it can be fundamentally important as well. Most investors depend on their financial adviser to provide them with information that can be crucial to their success with investing.

Here are some other points that anticipate good financial advisers should typically provide their clients:

  • Risk reward summary –financial advisers should tell clients when an investment poses higher risk than what they are anticipating. For many, low risk investments are often far more comfortable than a higher-risk investment.
  • Market conditions – clients need to understand how the market is changing and what impact those changes will have on their current portfolio. Without open lines of communication, they would not have the ability to make portfolio changes.
  • New opportunities – new investments may come to the attention of an adviser. Investors who have good relationships with their adviser will know what the opportunities are, as well as which ones should be avoided.

Nearly all investors are going to seek out an advisor who shares their interests and their goals. However, without a solid working relationship, both parties will likely be disappointed. Not everyone understands what it means to have a good advisor. Some of the common themes you, as a client, should look for when hiring an advisor include:

  • Willingness to communicate – an adviser who is willing to communicate with an investor in both good times and bad is important. It is nice to hear from your adviser when your investments are growing, but you also want to hear from them when things are not going so well. This is the only way to get out of tricky investments.
  • Understands your goals – not everyone has the same financial objectives. If your adviser does not take the time to understand your overall investment goals, your risk threshold, and your overall financial status, it is impossible for them to give you good advice.
  • Customer service – too often, an adviser recommends an investment and once you have “bought in,” they vanish until the time comes to sell that investment. However, when you have a solid relationship with your adviser, they will keep you updated on the status of that investment plus all others in your portfolio.


Understandably, many of us are not comfortable investing funds without the assistance of an adviser. However, the wrong adviser or one who is not willing to work with you before, during, and after a sale will likely disappoint you in the long run. Having a relationship with your adviser involves not just great communication, but also means they understand your goals for the future.

For more insights, further advice or guidance, you can get in touch HERE

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