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Financial Advisor Or an Investment Advisor?

Investor management relations have worked so well that the entire industry has evolved to meet the growing need for information and to advise investors to make wise investment decisions.

Initially available only to the wealthy, the financial services industry has grown over the decades and provides investment information to about 40 percent of American families. If you are resident in Dubai then you can hire best financial advisor via https://www.devere-acuma.com/

Most financial advisors work with large investment intermediaries who share accumulated company knowledge, information and experience with their advisory teams for distribution to individual and institutional investors.

In theory, this offers investors associated with large firms the potential returns that cannot be achieved alone or in collaboration with smaller or independent advisors.

In this way, financial advisors who advise you and I to accept the company's "expertise", adapt it to our health conditions, and advise us on where to invest our savings to meet our financial goals. We've been told that since 1900, if you keep investing in a well-diversified portfolio, you will never have less than if you started over a ten year period.

So what happened in the last decade? Most of us lost most of our savings in 2001. Technical bubbles only to lose more of our savings in Sub Prime Bubble. The $ 100,000 we had in January 2001 shrank to $ 60,000 in October 2003, then went up to $ 80,000 in July 2007 and now $ 40,000. We are eight years closer to retirement and wondering how we would survive if we did retire.

Are we only planning to work for the rest of our lives? Are we working until we can get to Medicaid and prosperity weighs on the US economy? Do we take what's left and develop strategies and lifestyles that allow us to live comfortably without burdening our children or our land?

Personally, I think the latter option is the best choice, but it will change our attitudes and the way we live. One of the adjustments must be in the way we view the investment market and financial advisors. Whether you need to change financial advisors or not, now is the time to evaluate your current advisor's work and decide if it is time to make a change.

I'm talking about a financial advisor, not an investment advisor. Less than 5% of the world's population needs investment advisory services. The investment market is not a place for most of us to turn to to make money. They are places for us where we can save our remaining capital and invest it at a reasonable profit.

The first step in choosing your new financial advisor is once you have adjusted your attitude, decide what to expect from your advisor. Here are some of my suggestions:

o Help me save the remaining capital and grow it at a conservative rate of return.

o Help me live within my means and define an investment strategy based on my needs and goals.

o Help me protect my family from losing my ability to work or dying.

o Help me and my family meet our financial goals before retiring.

o Help me raise enough money to enjoy a comfortable retirement.

o Help me assess my long term care insurance needs.

o Help me make a real estate plan.

Once you know what to expect from your advisor, you will need to find a qualified supplier. As in all professions, the first qualification to look for is education. Your potential advisor has a series 66 or 7 license, plus an insurance license and a variable product license. Series 66 lets you sell mutual funds, and Series 7 lets you sell stocks, bonds, options, and mutual funds.