Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Financial advisor usually creates and preserve the client information up to date and also they recruit new clients over the period of time. They also frequently discuss with the clients about their change in the status of their financial position. They are skilled in creating a liquidation plan which comprises priorities to be given and the timeline for the plan. These professionals select the type of service that should be provided and document in regard to the client. They also offer assistance in arranging finance for individuals as well as…

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How are Stockbrokers Different from Financial Advisors?

How are Stockbrokers Different from Financial Advisors?

Financial advisors and stockbrokers put their efforts in the financial market but execute operations in different roles. Stockbrokers mainly concentrate on sales as well as the purchase of shares whereas the financial advisors assist people in making an investment in a proper way based on the financial conditions prevailing in the situation. Both the professions demand the individuals possess excellent communication with the clients and analytical skills. Stockbrokers offer guidance to the individuals to make trade concerning securities as well as commodities. A stockbroker possesses a continuous track of the…

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Should you have multiple financial advisors?

Should you have multiple financial advisors?

Each individual investor has multiple financial advisors. This brings forth multiple challenges. How to overcome such a situation? Many of us invest through varied sources: from our network of friends, family, and official acquaintances. This automatically translates into being in discussion with multiple financial professionals who are either certified to be financial advisors or double up as one. The purview of this article is to discuss this scenario where each individual investor has multiple financial advisors, and the challenges such a situation brings forth. Different styles of advising:  Every financial…

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