anyone but Raymond James. Trust me.
Learn something new every day
More Info... by email
With so many different investment firms to choose from, it is sometimes difficult to know which one is the best fit for your needs. In order to identify the firm that will provide you with the guidance needed to responsibly prepare for the future, it is necessary to keep a few basic thoughts in mind. Here is what you need to consider before ever committing to any investment firm.
It is important to realize that some investment firms specialize in certain types of investing activities, while others deal in just about any type of investment opportunity. If you are mainly interested in low-risk stock trades, then it is a good idea to go with a firm that shares your conservative inclination. They will be much more likely to know about relatively obscure but stable stock opportunities that are just right for your portfolio.
On the other hand, if you like to take risks and go for a larger return, focus your attention on investment firms that seem to know a great deal about everything from stocks to bonds to currency trading. Firms with a broad approach to investing will likely have a at least one financial advisor that specializes in each investment type, which allows you to get advice on any and all deals that catch your eye. This type of firm will also help you build a diverse investment portfolio, which can be a great asset when one category of investments falter while others are thriving.
The ability to speak with a financial planner who can help you arrange your finances to best advantage is another characteristic you want with the investment firms you consider. Along with access to an investment adviser that can provide you with up to date information on trades that you have in mind, you also want someone who can assist you in creating a good retirement fund strategy. Ideally, the firm can also provide effective retirement fund management, even with funds such as a 401(k) or a money market. Even if you don’t plan on working on your retirement package immediately, knowing the resources are there and can be called upon later will make life a lot easier down the road.
Above all, double check your first impressions of all the investment firms you speak with. This means getting feedback from other investors on what they think about each firm. Contact the regulatory agencies in your nation and find out if any of the investment firms under consideration have been fined or involved in any activity that was considered suspect. Finally, meet with key individuals in each firm and ask pointed questions. If you get specific answers rather than general platitudes in response, there is a good chance you have found the ideal investment firm for your needs.
One of our editors will review your suggestion and make changes if warranted. Note that depending on the number of suggestions we receive, this can take anywhere from a few hours to a few days. Thank you for helping to improve wiseGEEK!