While we do not doubt that a young advisor can be intelligent and helpful, there is really no substitution for experience and tenure.
Generally speaking, it’s a good idea to choose a manager who has experienced various market cycles. Younger advisors who have never helped their clients through a recession may not be as humble, prudent, or knowledgeable as ones who have.
If you can find an advisor with over 10 years of experience, we would recommend that over an advisor with only 3, all other things being equal. There are advisors and wealth managers with only a few years under their belts but who have learned a lot in a short time.
They may be more likely to take good care of you and your investments as they seek to build their clientele, especially if your portfolio is not yet large enough to catch the full attention of a more established planner.
What is a Good Financial Advisor?
Do I Need a more Specialized Financial Advisor?