But how do you judge trustworthiness? Some financial service firms might present their experience and assets under management to convey their commitment to building trust with potential clients.
Should You Consider a Managed Account?
For many individuals with investable assets of $500,000 or more, a managed account provides an effective solution to the challenges faced when running a large portfolio. But, who do you hire?
According to Jack Waymire, founder of the Paladin Registry (a free public services firm for investors) author of ‘Who’s Watching Your Money? once it involves hiring a financial adviser, millions of investors use terribly subjective processes: likeable personalities; sales pitches or choosing advisors from big name financial services companies… as a result they they feel safer”.
Thousands of their executives and advisors have gone to jail, were fined or were forced to leave the industry.
If you have been looking for a more personalized investment approach for your portfolio, a managed account may make sense for you.