5 Things You Need to Know Before Choosing a Dallas Money Manager.
Trying to find a money manager in the Dallas area? It’s best to find one you can contact directly, who you can see in person, rather than an anonymous financial company that isn’t even located in your own town. After all, it’s your money. Check out these 5 tips on how to proceed.
#5: Talk to Friends.
If your friends are finding success in managing their money — and that got a lot harder for a while there, during the crisis — speak with them and see who they’re using. There’s no harm in getting recommendations from friends, and it’s the oldest way to find a trustworthy manager.
#4: Ever Thought About Asking Your Boss?
People often ignore the connections they have right in their workplace. Your financial department is full of people who probably come into contact with dozens of money managers in the Dallas area throughout the year — you just need to ask them. Don’t be hesitant, and you’ll find that looking in unexpected places has its own share of rewards.
#3: The Clients List is Crucial.
Make sure your money manager puts his/her clients list on the internet — not the whole thing, of course, but a reference to it. The old rule always applies: exercise substantial suspicion if your potential money manager doesn’t seem to have many other happy clients. The best ones always do.
#2: Follow Up Online.
It’s true that people who advertise online don’t always correlate to having the best service in the real world — the ’social’ interaction side of the internet is not nearly as developing as old-fashioned, face-to-face communication. But that doesn’t really guarantee anything: a big online advertiser could be the best Dallas money manager around, or it could be a cover for a shoddy business. Exercise all the caution you normally would.
#1: Exercise Due Diligence — Always.
A strange fact for you — more people seem to worry about their kids’ babysitter than the reputation of their money manager. A lot of people get swayed — far too easily — by lovely office furniture and official sounding degrees. Don’t lose your skepticism, and ask all the questions you need. This is your money we’re talking about here.
Looking for a Dallas money manager to manage your 401a or your other investments? Get up-to-date contact info and reliable listings from a top online directory at http://www.moneymanager.com.
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