Finding a Financial Adviser That Understands Your Culture, Business

By admin July 3, 2013 18:26

When looking for a financial advisor, many people prefer to work with an advisor from their community. This can mean working with an advisor who shares your religious faith, your gender, or your ethnicity.

When can working with a Latino advisor help you achieve your financial goals? Beyond attributes like bilingual communication and his or her understanding of international financial topics, which may be of use to immigrants, many people prioritize working with someone they feel understands their situation.

Unfortunately, a 2009 study from the Financial Industry Regulatory Authority showed just 38 percent of Latinos surveyed had met with a financial advisor in the past five years – a lower rate than any other of the ethnic demographics the survey tracked.