Tag Archives: financial-advice

Top Ten Mistakes Made by Financial Agents and How to Prevent Them

The following is a guest post created by Ashley B. Mulvey who writes for financial advisor career advice , her interest blog she uses to share her knowledge to assist people cope with the facets of economic advisory.

Financial Advisers can have great careers and be real assets to their communities, but they can fall prey to avoidable faults. Mistakes 1 through 6 cover ethical concerns and 7 through 10 cover business strategy and personal concerns.

1) Making uninformed choices.
In order to prevent mistakes, be sure to double check proper rates and information about the product(s) you are offering.

2) Fraud
In order to stop fraud, go into your consultations with the attitude that you are going to do what is ideal for the customer whether or not you make the sale.

3) Signing an application with fields left blank.
Make sure that the application is fully filled out before signing it.

4) Asking for a check in the adviser’s name.
This should never be done, because premiums or payments from clients belong to the company under which the adviser is employed and should never be intermingled with the adviser’s personal records.

5) Putting unwanted pressure on the client.
Good salespeople can close a sale without using coercion. Always look out for the client’s best interest.

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