FINANCIAL ADVISOR WORLD
Financial Advisor Companies - Financial Planners - Financial Service Providers
How to get more from your Financial Advisor?
Do you have a financial advisor? Have you explored every single thing a financial advisor can help you with? An advisor can work for everything from an individual to a business to an entire government on a whole slew of things such as investing, pension planning, insurance, and mortgage help. If you’d like an advisor for short term investments they’ll tend to recommend very secure options such as CDs. CDs are certificates of deposits and besides being completely guaranteed as long as your bank does not fail they’re also backed by the FDIC just in case it does. If you’re interested in pursuing more long term investments than an advisor will evaluate what your risk tolerance is.
This is usually calculated through evaluation of how much your assets are worth and how big of a risk you are willing to take. Long term investments may be through stocks whereby you actually own a portion of the company. If you accumulate enough stocks you may actually be able to cast votes and help determine a company’s future direction. There are more secure stocks and less secure stocks and the stocks your advisor might buy for you will usually depend upon your risk factor. A financial advisor might also recommend you buy options. Options allow you the option of buying or selling a certain resource, currency, or commodity before a certain expiration. They’re not an obligation and can allow you the option of making the smartest choice later on in time. Sometimes they’ll allow you to avoid buying something that has dropped or they’ll allow you to buy something for an earlier price when it has later risen. Options can also be purchased and sold much like futures. Futures are very similar to options but they’re an agreement to buy or sell a certain resource, commodity, or even currency sometime in the future. Futures are usually protected by a clearing house should one side of the deal become insolvent.
If you’re in the market for buying a house your financial advisor can help you with mortgages. Mortgages are loans given by banks for the purchase of a home and are usually repaid over a very long time. Should you default on this loan your home will be seized through foreclosure so you have to make sure you receive the best mortgage for you and your family and certainly one that is affordable for the entire duration of the loan term. The housing market at this point in America has burst and these are all things your advisor may be able to talk to you about because sometimes renting might be better than buying if the value of the home will continue to drop after you purchase it. If you’re looking for insurance there are many types of insurance your advisor can help you with including life insurance and income protection insurance which ensures you continue to receive checks after becoming disabled from work for any reason. If you need any of these things be sure to talk to your financial advisor today.