Investing and Global Finance News

Category Archives: Personal Finance

What to Expect When You Meet With Your Financial Adviser

Not all investment firms work in the same way, but it’s helpful to have some ideas about what you’ll experience when you meet with your financial adviser. The first step, of course, is to find an adviser with whom you’d like to work. Amongst other resources, sites like CrunchBase compile publicly available information about investing firms, such as this example for Fisher Investments. Once you’ve done the research and are ready to start with an adviser, it’s important to know what to expect.

During your first meeting with the new financial adviser, you’ll discuss your current financial situation and your life goals. You’ll talk about your current salary, and any retirement accounts you have. If you’re married, you’ll discuss how the two of you have set up your finances (together, separate, etc) and if you have children, you’ll discuss any savings accounts that you already have for them or that you hope to create.

Before this first meeting, you should do your homework. Your meeting will be far more productive if you come to it prepared. But what does that mean? What should you bring with you? Before your first meeting, you should consider your life goals. When do you hope to retire? How do you plan to pay for your children’s college education? What do you hope to do in retirement? Obviously, you don’t have to have everything figured out; but the clearer you can be about these goals, the easier it will be to plan with your advisor.

Materials that you should bring to your first meeting include: your mortgage statement, all debt statements, pay stubs for you and your spouse, your most recent tax return, your monthly budget, and any 401(k) or other investment statements. You can ask your adviser before your first meeting if there are other things that he or she would like for you to bring. Keep in mind, of course, that you will be starting a relationship. If there are things that you don’t bring to the first meeting, you’ll always have the opportunity to do so at future meetings, or to send materials through email and other avenues.

Based on the goals and materials that you share with the financial adviser, they will then help you to develop strategies which will include a monthly savings plan and how to spread out your investments. Expect some give and take from these meetings as you discuss and refine your goals, needs and targets. Once you’re gotten started, it’s always a good idea to return to your financial adviser once a year for a check-in and to discuss anything that might have changed.

When Trust is Your Business

A lot of what financial investment management firms do and how successful they are, depends on the trust and reputation they earn from their customers and the public.  Thus when faced with any kind of investigative situation, the way they react is essential for how they will continue business transactions. Recently, Essex Financial in Connecticut… Continue Reading

Senior Homes: Being Proactive

With the baby boomers coming into their post-retirement years, the advancement of medicine and enhanced quality of life extended, the need to take care of seniors has never been greater. There are many different choices available, but for the ultimate peace of mind, nursing homes seem to be the way forward. It can be very… Continue Reading

Three Funds Flying with Its Investors

There are two basic models for fund managers managing other people’s money. Managers can take their client’s money, and work hard to give them the best results based on what the manager knows are the client’s goals. Some investors might want quick returns on liquid assets. Others might prefer long term returns on less accessible… Continue Reading

IRS and New Estate Tax Rules: Opinion

Through the process of its amended tax law regulations, the IRS is likely to encounter hostility at the upcoming December 1 hearing on the matter. Much of the discussion will focus on whether or not it will be accused of “overstep[ing] its authority” in this regard. What are the experts saying on this? Pioneer Wealth… Continue Reading

Ten Highest Paying Cities in the US

In some cities more than others, “it’s all about the money.” Although most of the time more goes into the equation of where someone is going to live than just potential salary, knowing where the highest paying jobs are located can help influence that decision. US News recently released its Best Jobs Rankings for 2016,… Continue Reading