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Leading business consultant and tra Finance---Investment article
Leading business consultant and trade finance advisor from UK
Once you've asked all your questions and chosen a financial advisor, expect to have the tables turned.
By Webmaster
Category: Finance---Investment
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Once you've asked all your questions and chosen a financial advisor, expect to have the tables turned.It will be your turn to answer lots of questions. Your financial advisor will need to know what stage of life you're in and what your financial goals are -- whether saving for a child's education or planning for retirement.You'll also need to be clear about your tolerance for risk. If you have chosen an advisor who is also an investment sales representative who can buy and sell stocks and bonds, you'll need to indicate whether you want to be personally involved in each financial decision.All firms require an investment sales representative who is going to trade securities on your behalf to get your permission before making a trade, unless you have granted discretionary authority to make trades without contacting you first. Generally, you should give such authority only under very limited circumstances and after you have worked with an investment sales representative long enough to feel comfortable with this arrangement. Make sure you know the policy of the individual or firm with which you are dealing.Remember, it's your financial plan, and it's always your right to know where your funds are and the accessibility of those funds. You also have the right to withdraw your money for any reason. Just be aware that you may incur fees and/or tax liabilities for doing so.Plan to meet at least yearly with your financial advisor to review your insurance and investments, the market and any changes in your financial goals. If you have a major life change during the year -- such as the birth of a child or the death of a spouse -- arrange for a special meeting with your financial advisor. That way you'll be sure your money is invested wisely every step of the way. for more information log on: http://www.dayrobinson.com or Email us at: info@dayrobinson.com by webmaster www.dayrobinson.com
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