You Can Rely On Our Financial Advice

1. Landmark Financial Seoul Landmark Financial Seoul Review Kyobo Building 17th Floor, 1 Jongno, Jongno- gu, Seoul 03154, Korea Phone: +82 234784250 Email: info@landmark.financial You Can Rely On Our Financial Advice Is your investment advisor a fiduciary or a broker? The solution might surprise you. Successful anesthesiologists frequently balance several competing demands. It might be challenging to concentrate on your money when you consult with patients and spend a significant amount of time in the operating room each day. You could presently be working with an investing advisor or be thinking about doing so in the future if you're a busy medical practitioner landmark financial seoul review. Working with a skilled adviser has several advantages, including giving you more financial confidence so you can give your patients' health, safety, and well-being your entire attention. Before engaging an investing expert, it's crucial to perform some fundamental due diligence because not all financial advisers are fiduciaries.

2. Between brokers and fiduciaries An adviser with your best interests in mind can help you increase your wealth, manage risk in your portfolio, and develop a detailed wealth management strategy for you and your family. Today's market is filled with a variety of advisers, so choosing the best one for your requirements demands understanding what inquiries to make before employing someone. Stock brokers and independent Registered Investment Advisors are the two categories of investment professionals who engage with individual clients the most frequently nowadays (RIAs). The main difference is that an RIA's fiduciary commitment is to you, the client, as opposed to a stock broker, who has a duty to his or her company. Many investors don't recognize the difference between a stock broker and an RIA, according to a recent poll conducted . According to the poll, • 54% of investors said that both stockbrokers and RIAs had a duty to behave in their best interests. • Only RIAs are obligated to act in the best interests of the clients they represent, according to 74% of investors. • When informed that an RIA offered stronger investor protection than stockbrokers, 79 percent stated they would prefer to engage with an RIA. Four Crucial Questions I advise using the following four questions when speaking with advisers to assist you interview prospective advisors or assess the strengths of

3. an existing advice relationship. Any of these inquiries will be easy for a trustworthy adviser to respond to, and you should feel welcome to express an interest in learning more about investing. 1. What is your company name? Technically, a stock broker is any financial counsellor employed by a broker-dealer. Largest broker dealers in the country are landmark financial seoul. While many trustworthy investing experts work for these companies, bear in mind that all stock brokers have a primary duty to their employers, not their clients. By law, they must always act in the organization's best interests. On the other hand, any adviser acting in the capacity of an RIA is under a clear and direct fiduciary duty to their customers. A Registered Investment Advisor (RIA) must always operate in your best interest to maintain his or her registration with the U.S. Securities and Exchange Commission (SEC.). Working with a full-service or cheap stock broker may make sense for you if you're a "do-it-yourself" investor who conducts their own research and manages their own accounts. Working with an RIA may be a better alternative if you're searching for thorough investing assistance and advice. An RIA is trained to assist you in developing an investing policy statement, selecting investments for both your personal and company accounts, and regularly monitoring your portfolio. Additionally, an RIA must always operate in a fiduciary role. How do you get paid? Commissions, fees, or a combination of both may be used to pay stock brokers. The brokerage sector is criticised for occasionally creating conflicts of interest between stock brokers and their clients by promoting commission-based products. As opposed to this, RIAs often operate on a fee-only basis, which means they do not collect commissions. This ensures better customer transparency in their remuneration structure. Working with an RIA might make it

4. simpler to comprehend the precise fee you're paying an adviser, expressed as a set cash number. 3. What kinds of customers do you often serve? You may get a decent sense of an advisor's skill set by looking at the types of customers they currently serve. Make sure to enquire about the average client account size, typical client demographics (family, location, wealth planning requirements), and whether or not customers typically have inherited or earned income from the adviser. Additionally, think about requesting the names of three recent clients who are prepared to provide you with anecdotal information about their experiences dealing with any prospective adviser. 4. Aside from investment management, what additional services do you provide? A stock broker may just offer investing services, or they may have access to a wider variety of financial planning services through a company that is a subsidiary of their organisation. Remember that stock brokers are not obligated to operate in a fiduciary capacity for any services they offer. An RIA will often offer a full range of financial planning services, including retirement guidance, investments, insurance, estate planning, credit and lending services, and insurance. All services offered by an RIA must be performed in a fiduciary capacity. Starting Out: Keep in mind that being a well-informed investor at all times by asking a lot of questions is essential to developing a good advising relationship with an investing expert. Make sure you comprehend who your adviser works for, how they are compensated, and whether or not they have a fiduciary duty to you, the customer. Before making a choice, you might want to think about interviewing two

5. or three different applicants if you're wanting to hire a certified investing consultant. It's possible that friends, relatives, or coworkers can introduce you to an investing expert they know and trust. Additionally, you might wish to request a recommendation from any additional trustworthy experts you have, such as your lawyer or accountant. Prior to starting any new advising engagement, make sure to undertake your own exhaustive due research to ensure that you are entirely satisfied with the adviser.