Are You Possibly Missing Out?
The financial industry has been moving toward investment advisory services for some time now. It may not be appropriate for every investor (generally if you do not want advice, seek to do it yourself, are a long term buy and hold investor, have a very small account, or want to use your investment account to hold a high cash balance, this may likely not be right for you). However, there are some potential benefits that investors paying a commission for each transaction may not receive: great transparency of fees, the fiduciary responsibility to put the investor’s needs first and foremost, flexibility of investments, nimble decision-making, among others. It may also be a potential opportunity to access less expensive investments in other share classes not available in brokerage accounts. (And, of course, I am required to disclaim that there is no guarantee of gain or protection from loss in an investment advisory account). If you feel like you might be missing out and want to explore this topic further, let’s talk.
This information is provided for general educational purposes only and is not intended as specific advice for any individual.
Seek professional advice before taking any action in regard to your finances.