Importance of Trust in Finance
Trust & Finance: Finance is very important for each individual and when it comes to having someone handle your finance, the trust on that person's abilities and character is also important. That's why I think that any financial services firm needs to establish the credibility and rapport with their clients. It's essential to have not only qualified individuals but also having good ethics and moral values. According to the Economic Times , 71% Indian investors trust their financial advisers. While according to the Motley Fool website , most of the Americans don't trust their financial advisers. So, how can a client know that their advisers are trustworthy? Is it possible to establish a good client-financial firm relationship? Yes, besides the observation by Investopedia , here are some of the essential things which I observed myself while being an intern for an insurance company- 1. Li...
