As for your health, you must first consult a
general practitioner
In United State
, most Wealth Management Advisors have the status of Financial
Investment Advisor . But beware; these professionals often add to this status
that of broker (in insurance or credit) and that of real estate agent. In
short, for comprehensive advice, it is better to turn to a CGP firm with
several types of approvals.
The first
questions you will be asked will be a valuable clue
It is impossible to give financial advice without
knowing the exact situation of the client. For example, understanding the
client's family organization is essential: Who are the ascendants (do they have
assets? a need?), the spouse (what is the matrimonial regime? how to protect
it?), the children (their number, their age, studies, etc.). Gathering this
information will take about an hour and must be done in writing. It is this
basis that will allow the adviser to reflect on your case and provide you with
relevant solutions.
As a
customer you must play the game
It is of course delicate to reveal one's family,
professional and financial situation to a stranger. This is why we insist on
the importance of contacting a recognized firm that is well established
locally. The turnover experienced by private banks also militates for the use
of the services of a CGP firm. Certain exercises or formalities may seem
useless or tedious to you, but know that they are there to protect you and
allow you to move forward serenely in your approach as an investor.
Choose
advisors who recommend you diversify
There are several ways to diversify your assets:
you can diversify the types of assets (financial/real estate) but also the tax
envelopes (life insurance, PER, PEA, capitalization contract, securities
account). In the family of financial investments, we recommend diversifying
insurers (for life insurance) . For example, a capital of $400,000 could be
invested in 2 contracts with 2 different companies. It is also important to
diversify taxation: for example, preparing for retirement with several tax
strategies: PERP + Life Insurance + PEE/PERCO.
Work with
passionate people
The world of wealth and investments is fascinating.
For example, the world of financial management conceals infinity of investment
universes, themes to exploit or original management processes. Your financial
adviser should know how to communicate to you the added value of the managers
he selects. He will also have to know how to motivate you on intelligent risk
taking. Arguing, convincing, figures are generally not enough... all of this
must go through an adviser who is passionate about his job.
Choose a
firm you are comfortable with
We generally open a life insurance contract for at
least 8 years. Other issues such as a real estate investment or preparing for
retirement can take longer. From this long-term perspective, the choice of a
CGP firm seems the most relevant. Indeed, this type of structure allows you to
exchange with associated professionals who are really committed to you. Firms
with a few employees will also offer you additional services and incomparable
stability with the teams of a traditional or private bank.
Experience
is essential
In recent years, postgraduate programs in asset
management have multiplied (there are now several dozen in United State). The
diplomas are of course an essential baggage to practice this complex profession
but nothing can replace experience, especially from the human point of view. John
labunski Dallas Financial advice requires a lot of psychology and
adaptability. Your interlocutor must have enough experience – not necessarily
in finance for that matter – for his arguments to carry your conviction.
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