Answer...

Here is the anser to this Frequently Asked Question.

Should I get a professional Advisor to manage my investments or can I do it on my own?

Today, you can choose from among more than 4,800 mutual funds. And while choice is great, you need to target the investments that best suit your needs.

How do you choose which investments are the right ones for you?
That’s where your investment advisor comes in. Your advisor works with you to determine your risk tolerance, your investment time horizon and your after-work goals to assemble a portfolio of investments that work for you. And if your objectives, comfort level or timelines change, your advisor can alter your portfolio to reflect your new goals – an added benefit.

A financial advisor can help you create a suitable financial plan; keep you focused on your short-term and long-term goals; explain economic and market activity and how it affects your investments; keep you on track with your investment objectives, regardless of short-term market direction.

A financial advisor helps you identify your financial goals - and what holds you back from attaining those goals. He or she works with you to construct a financial plan and makes a number of recommendations. He or she then implements the elements of that financial plan and provides you with periodic reviews to assess the success of the plan and to consider any changes necessary to better meet your original - or revised - goals.

How to select a financial advisor
Just as with any other professional there are various ways of finding someone whose skills and experience are suitable to your needs. Asking a friend or relative for a recommendation is a very good way of making contact with someone as is asking another professional you work with such as an accountant or a lawyer. Your selection process should be based on a variety of issues such as:

• What are his or her experience, qualifications and credentials?
• Can the advisor supply you with references?
• Does he or she have the appropriate depth of knowledge and experience in the particular financial issues you face, such as estate planning, education planning, insurance, and tax strategy?
• How will the advisor keep you informed of the progress of you financial strategies, and with what frequency?
• How will you pay for the advisor's services, such as fees, commissions etc?

Did this answer the question you had? If not, please contact us and let us know any additional information you need.