Know Your Advisor

It’s hard to know where to turn in times of business and personal financial distress. One would hope, and even expect, clients will reach out to their trusted advisor to articulate what options are available to them and to help with the hard choices ahead.

However, this does not always occur. And as a trusted advisor, you cannot save them all. But you can point clients in the right direction and help them avoid the risk of personal liability.

Avoid the dubious salesman

An element of being a trusted advisor is that you can quickly diagnose your client’s issues and challenges and make appropriate recommendations to improve their situation.