Working with an Investment
Advisor can help you develop your investment tactic and manage your assets.
They have a fiduciary responsibility to further your interests, and through
their know-how, you can diversify and grow your portfolio without worrying over
the finer points of planning.
An Investment Advisor can be a
person or a collection of people who comprise a firm. They have frequently
designations like Chartered Financial Analyst (CFA), Personal Finance
Specialist (PFS), and Certified Financial Planner® (CFP®), and they all share the
same goal. They offer services to you that are focused on your best interests
and that make your financial planning and wealth management simpler, so you can
make the most of your investments.
Damian Maggio has more than two decades of experience as financial
services professional and has held advanced management positions including, investment
advisor, branch manager, fund manager, supervisory and broker relations at
several financial firms over the past 18 years.
It takes time and energy to keep
an eye on a growing portfolio. An investment advisor can assist you in several
ways, including the following:
- An investment advisor usually provides advice based on a proportion of your total assets. As they do not make money on the sale or purchase of securities, an investment advisor can only earn money by enhancing your portfolio’s value. This arrangement results in a mutually valuable relationship where everything is genuine.
- Investment advisors are not grateful to a specific product or company, enabling them to offer unbiased advice without another entity’s influence. They might work with third-party custodians, but these larger broker-dealers or banks can help with account management, additional reporting, and customer service.
- Your investment advisor has a “fundamental obligation” to act in your best interests. They make their recommendations exclusively based on your needs, and you can communicate with them openly if you need explanation.
- You do
not want to take needless risks when selecting an advisor, and with an
investment advisor, you do not have to. Through Form ADV, you will enjoy
complete transparency on how the investment advisor operates, from its ownership
to its employees, and even learn about any punitive filings against the
firm or its personnel.
Making a diverse professional
network can take a significant amount of time. Fortunately, investment advisors
typically have experience with a broad network of insurance agents, estate
planners, and other related professionals who can be consulted to offer insight
and help you protect your wealth.
Damian Maggio is at present working as an investment advisor at
Joseph Stone Capital LLC.