The following is my answer to a Quora question: “Are you inherently wary about sharing your personal financial information with a financial advisor? What would it take to win your confidence?”
A financial consultant needs to go through a financial health review with the client before an adequate recommendation can be made for anything. The accuracy of this review is dependent on the information provided. If you are not comfortable providing even the most basic information with any financial consultant, then you should not have a financial consultant. Like any professional relationship, whether doctor, lawyer, tax consultant, financial consultant, accountant, or anything similar, this only works when you have some confidence in the integrity of the people you are working with. If you do not trust a specific individual, find someone else. If you do not trust the entire profession, then do it yourself.
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