1. Experience: Candace should look for a financial advisor who has experience in helping clients with similar goals to hers. An experienced advisor will have a better understanding of the financial markets, investment options, and strategies to help Candace achieve her goal of buying a house. They will be able to provide valuable insight and guidance based on their past successes and failures.
2. Trustworthiness: Candace should choose a financial advisor who is trustworthy and transparent in their dealings. It's important for Candace to feel comfortable discussing her financial goals, concerns, and personal information with her advisor. A trustworthy advisor will act in Candace's best interests, provide honest advice, and communicate openly about fees, risks, and potential outcomes. By building a trusting relationship with her advisor, Candace can have confidence in their recommendations and feel secure in her investment decisions.
Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her money so that one day she can reach that goal. Candace begins to look for a financial advisor who can help her pick where to put her money so that it is safe and will grow. Name two qualities that Candace should look for as she chooses her financial advisor and state why those qualities are important.
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