Financial investment involves specific risk factors and undoubtedly a lot of planning. Thus, everybody is not confident to become do-it-yourself investors. While some don’t feel confident to handle their assets, the others do not find time to manage it by themselves. Thus, quite naturally a financial comes into the picture. But, investment is a serious issue and you would obviously not want to put your money into in-experienced hands. Finding an experienced, qualified and certified investment advisor isn’t that easy to find. So, are you worried as to how to find the best fitting financial advisor for investment purposes?
Michael Briese, J.P Morgan Chase Bank
Michael Briese holds the license of an investment advisor and has been working as a Private Client Advisor at the JP Morgan Chase Bank, New York for over 10 years now. Apart from being a financial advisor, His job role includes making investment decisions on behalf of his trusted clients on a regular basis. To know more about his credentials you can look him up on Facebook and LinkedIn.
The investors who are just about to begin their venture are best advised to follow the below mentioned tip to find professional financial help to address their needs the best:
Various types of financial advice services are available and experts like Michael Briese are more than happy. First and foremost it is important to know the types and understand them to be confident of which on you need in your case. There are majorly 3 basic types of service offerings that are made by a financial advisor. They include:
- INVESTMENT ADVISOR: Their focal point is investment management functions. It is as a part of the continuous financial planning that the best investments are selected.
- FINANCIAL PLANNING: Every facet of a financial life like, what kind of insurance a person needs, what and how much is to be saved etc. Financial Planner go beyond investment.
- POST-RETIREMENT PLANNING: After retirement for a person to lead a lifestyle one requires money. These services are targeted to help you in coordinating your taxes, pensions, investments, social security etc.
You must only hire those financial advisors who have reputable credentials. Not all credentials are difficult to acquire. Many sales people pay a fee to get credentials so that they appear to be experts. When you’ve settled your mind to hire a financial advisor always verify whether the person has a CFP designation. Credentials cannot be bought by paying a fee but are acquired on passing difficult examinations that test a person’s proficiency on the subject matter.
Get to know the compensation mechanism for these financial advisors. An advisor like Michael Briese can charge you in a number of ways. But, you are to judge a financial advisor as an unbiased and an objective one if you see that they are fee-only. Before hiring a financial advisor it is thus crucial to understand the distinction between a fee-only and a non fee-only advisor. The first is generally an independent advisor and the later might receive incentives for meeting sales objective for the company.