How to choose a portfolio management service or a financial planner ?
investment has averaged 12% in last 20+ years.
need know. can keep on reading.
believe or not 2 different professions. portafolio manager looking investments bring profits assets under managent. financial planner person in charge of distribution of finacial products.
portafolio manager (pm) in charge allocation of assets investor gave them. when talking big firms van kampen, fidelity, or oppenheimer portafolio mangers never meet investor unless investor has millions of dollars , asks meet pm. spend of time team analizing risk, asset class, , data improve perfornace of fund.
finacial planner( has obligation people right kind of investment can reach financial goals. life insurance, investments, tax planning, estate planning , business succession planning , more.
work togerther though never meet each other of time. of new clients bring new money fund brought financial planner , stock brokers. fp recomend asset allocation managed pm , should tell how risk investment takes.
choose 1 particular investment read first line.
what key parameters in choosing one?
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