Individual investors need to view themselves as the CEO of their own small financial enterprise when selecting an adviser, said Charlotte Beyer, author of 'Wealth Management Unwrapped'. Along those lines, Beyer said investors should make it clear to their financial advisers at the very beginning what they are willing to pay for and what kind of services they will receive for their money. She added that investors should clearly and honestly communicate with their wealth manager to make sure the relationship is working for both sides. Finally, she said investors should not fire an adviser too quickly, giving them a chance to win back the business.
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