Trust is crucial in the relationship between financial planners and people making financial plans.
As a rule, you should not lie to your financial planner. If your planner has the wrong information, your plan will be inaccurate. An inaccurate plan can lead to bad choices and mistakes.
R Persichitte has been lied to by many people during his ten years as an auditor. In a recent interview, he discussed how that could impact a financial plan and some strategies financial planners can use to ensure they are on the same page as the client.
It all boils down to three things:
- Make sure the client is committed to making a good plan.
- Don’t make people feel ashamed or afraid to share the truth.
- Understand that we are all on the same team with the same goal.
You can read the full article in Investor’s Business Daily.
