So you want to find a black financial advisor near me? You're not alone. As a nation, we are seeing more black professionals breaking down into the private sector, as banks and hedge funds seek to diversify away from their historically black image. It's not an easy move for them-so naturally, some of them are leaving town. But in some areas, they are not far behind, as many are moving into prime neighborhoods such as yours.
Takeovers aren't happening everywhere, but rather it is happening where you may not expect. Take New Orleans. There has been such a crisis there that entire neighborhoods have practically come apart. There used to be one main street, Garden District, which was all white and middle class. Now, it is a playground for the rich and famous. The city is rebuilding, but still, pockets like yours might be at risk for a takeover.
Memphis also has its share of troubles. The once great confluence of black professionals and businesses has faded. You'll find the strip malls with chain stores are no longer close to colleges or the city's downtown core. That's bad news if you own a school near one of those. Schools close down when property values fall-which it is expected to this time.
If you have a close police or fire department within walking distance, you might see a decrease in calls. This is also good news if you have a police officer that is close by. They will tend to be much more friendly as well. The same goes for fire department. The closer it is to your area, the less likely that firefighters will be seen on duty. That means fewer life saving moments for the people in your neighborhood.
One thing about being in the news means that you're going to have people who look up to you. If you are a good leader, you will get their respect. And that's exactly what you need if you are going to earn their trust and confidence.
People assume that those who live close to you are automatically close to you. But that just isn't true. If you don't treat them with respect, they won't treat you with respect. But you can work that attitude change if you choose to. And that's the first step.
Just like you, many of the people you deal with are professionals. They have their own goals, dreams and career goals. They aren't out there to get your children to college. They have families too. So don't take their financial decisions too lightly.
When you are searching for financial advisors near me, don't forget to ask about diversity and cultural awareness. It's a wise business move to make sure that everyone you work with shares your same values and vision for the future. That way, when you have a problem, you already know how to address it. You also have the comfort that you're not making a mistake when you choose someone close to you.
Another question to ask is if they're a good team player. That means they'll listen to you and then give you feedback in a timely fashion. Some people might be more talkative and comfortable in giving feedback than others. If they're shy or uncomfortable, don't work with them.
The next thing you should ask yourself when considering a person you want to hire is if they're a good team player. You need them to be a good team player when dealing with clients. You'll find that most of them are. They won't turn you down even if you come up with an idea that contradicts another person's notion of what's best for the client.
The last question you should ask is whether they're a good communicator. Black Americans aren't born with this quality. It takes practice and sometimes conscious effort to become fluent in the language of money. And with so many people in the financial services business, it's inevitable that you're going to run across a few bad apples. Don't be tempted to work with them. Instead, get another professional close to you to deal with those clients.
This is your call. Just keep these four questions in mind and don't be afraid to speak up if you feel a personal need isn't being met. Don't assume that every professional close to you is on your side. If you have a gut feeling that something doesn't seem right, do what you need to do and get a close professional who's on your side. After all, you're the one paying them.