Financial Advice and wellbeing – How much do you trust your financial adviser? How much do you trust your solicitor? How much do you trust your accountant? How much do you trust your estate agent? How much do you trust your partner?
(from article in www.techlink.co.uk on 'Advice Alpha')
The Trust Equation = score 5 is High, 1 is Low
(Credible + Reliable + Intimacy) / Adviser's Self Interest = Strength in relationship
e.g. (5+5+5)/ 1 = 15
11-15 = 'Strong', Trust/Relationship level is High
6-10 = 'Good' Trust/Relationship - could it be improved?
1-5 = 'Weak', Trust/Relationship is Low - rethink relationship?
If adviser scores high on self interest they may not be for you.