Most Common Questions To Ask When Choosing A Wealth Management Firm

1. MOST COMMON QUESTIONS TO ASK WHEN CHOOSING A WEALTH MANAGEMENT FIRM Selecting your wealth management firm can be one of the most important decisions you make. Here are some questions to ask as you choose the right firm for you and/or as you assess the performance of your existing wealth manager.

2. 01 DOES THE FIRM OFFER INVESTMENT ADVICE OR PRODUCTS TO ITS CLIENTS The firm offers investment advice and products to its clients. For example, an advisor may work with a married couple with children who are still of school age about how they might best invest their money in order to be able to send the kids to college without need for significant student loans. 02 HOW MUCH ACCESS DO YOU HAVE TO YOUR ADVISOR, AND WHAT ARE THE ADVISOR'S HOURS OF OPERATION There are advisors who work a 9-5 day, Monday to Friday and then there are other advisors who work a different schedule. You should talk with the advisor about their specific hours of operation if you're looking for someone to talk to after hours.

3. WHAT IS THE BUSINESS MODEL? 03 Financial companies provide services and advice related to financial investments. A company's business model can range from "full service," which includes underwriting, transferring public or private securities, and brokerage for a fee on an agency basis (the most common form of operation); to "only office space but no investment services". Investment banks are one type of financial service provider who focus on transactions with large commercial clients such as companies. HOW DOES THE FIRM CHARGE FOR SERVICES 04 A retainer can be thought of in advance as a payment that puts the lawyer on “standby” to accept and complete work. This is most popular with more complex or important legal matters such as litigation or estate work which require significant research from both professional services and particular areas of law. The fee for this service varies depending on many factors but typically ranges between $2,500-$4,000 monthly.

4. WHAT IS A INVESTMENT APPROACH? 05 Different investment approaches dictate how a financial company or individual invests their money. There are many different approaches in the world of investing, with some being more conservative and others being more aggressive. The specific approach that is taken usually depends on a person's investment goals as well as personal preferences. WHO MANAGES MY PORTFOLIO IF A STOCK FALLS IN VALUE You can always leave it to the professionals. If you don't have any specific strategy for investing in stocks and are just looking to grow your investments, you may want to consult a financial advisor. They'll manage your portfolio for you so that you can focus on other priorities such as taking care of your family, working or whichever task takes up most of your time. A Financial Advisor will offer objective advice about what is best for you when changes occur in the marketplace. 06

5. Schedule a Meeting at:- https://mullooly.net/ support@mullooly.net (732) 223-9000 2052 NJ-35, Suite #203, Wall Township, NJ 07719