It’s good to have the opinion of advisors who are knowledgeable in various areas of your planning and portfolio, but for most portfolios this can be reasonably accomplished with one advisor.
It’s a good idea to have one Financial Advisor who oversees all of your assets, and if the individual parts of your portfolio are of significant size, you might consider having a specialist in those fields to oversee them.
Some CPAs and attorneys can be considered financial advisors, for instance, for their special advice with regards to taxes and estate planning; this may constitute a large consideration in your financial plans, and it may affect the kind of assets you hold and financial vehicles you use, but the specialist with regards to your portfolio management will still be your Investment Advisor.
Or, you may hold an increasing amount of commodities in your portfolio to the point that your advisor refers you to a friend of his that can help manage that portion of your assets since it is his or her area of expertise.
Do I Need a more Specialized Financial Advisor?
Should I Invest in Commodities?
Distributions taken from a Roth during retirement are not subject any income taxes. Contributions made can be taken out
You are able to deduct all of your contributions into a Traditional IRA as long as you (or your spouse) are not a
The Three Rising Valleys pattern forms when three minor Lows arranged along an upward sloping trend line
When the momentum indicator crosses above the zero line it could be an indication that the security has upward momentum and could chart a higher course
The Advance/Decline Ratio places the number of advancing stocks over the number of declining stocks for a day or time period, and the result is a ratio
Assessed value is used to determine the property taxes due on real estate. Assessed value is normally lower than appraisal
Market disruption is a term that describes the state of affairs when the status quo of the stock market or a...
Market exposure is the degree to which an investor is participating in the risks and returns of the market as a whole
The Capital Market Line is a complex concept, but put simply, it is a calculation meant to give the investor/analyst...
An options contract starts when the option is exercised, meaning that the option or buy or sell the security is utilized