Combining Real Estate Expertise With Financial Advisor Is A Winning Combination

Combining Real Estate Expertise With Financial Advisor Is A Winning Combination

It is human nature to want to be right, particularly when it is your job to be the expert. That is one reason why financial advisors, individuals who have spent years studying and passing examinations to be allowed to consult people about their wealth, can be quick to minimize the role of real estate assets in a client’s portfolio.

The average financial advisor receives little to no advanced education about real estate, be that about the market or how to manage real estate assets. Perhaps more importantly, such an advisor spends little to no time keeping up with the market or working in that space on a day-to-day basis. Real estate is not something that you can track casually; it is a fast-paced, highly nuanced industry.

That is why financial advisor needing expertise across asset classes, which include real estate should make sure they have experts in real estate around to work with. But the way that is achieved is not by developing new advisors, it is by putting a variety of experts in the same office or having one to consult with.

No one is saying that financial advisors need to develop a whole new area of expertise; that’s just not realistic. But putting financial advisors and real estate experts under the same roof, or having one as consultant to your firm, is very necessary.

financial advisor should share an office,ideas or services with the other side of the business, which does real estate investing and development. The outcome is a proximity of experts who operate in two different industries that overlap at important junctures.

The need for a hybrid of expertise is growing. Real estate is an attractive investment which should always be inclusive in portfolios 

What that means is that there is a substantial sector of the market that needs both a financial advisor and a real estate consultant to help them manage their assets. Getting two different advisors to agree on how money should be appropriated, which risks to take, and how to achieve the same financial goal is unrealistic. And yet the nuances of managing real estate assets and traditional financial investments demands that anyone with such a diversified portfolio needs both kinds of advisors. So having real estate experts to work with should be factored in in each step of the way, cause the market changing and an old model of doing business is being phased out. Today, the market is arriving at a point where it demands more expertise of its financial advisors. But the idea is very simple : mingle real estate experts together with financial advisors in a mutually beneficial way.

And you'll have Real Estate Investment Advisors - real estate experts that are available to integrate real estate services into financial services. 

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