Investing and Global Finance News

Tag Archives: 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.

ETF-Managed Portfolios Gain Momentum

Customized managed portfolio strategies involving low-cost exchange traded funds (ETFs) are continuing to attract advisors and investors in 2014. A recent report from Morningstar revealed that ETF-managed portfolios saw a 40% increase in assets last year, reaching $96 billion. Other strategies with more than half of their assets in ETFs had similar results. explains… Continue Reading

Warren Buffet’s “Fundamentals of Investing”

Investment tycoon Warren Buffet recently shared an exclusive clip from his letter to Berkshire Hathaway shareholders, in which he lists the “fundamentals of investing”. Fortune Magazine shared Buffet’s points with the following bullets: You don’t need to be an expert in order to achieve satisfactory investment returns. But if you aren’t, you must recognize your… Continue Reading

The New Approach to Non-Profits

Bankers, investors and entrepreneurs are taking a new approach to philanthropy with finance-focused projects aimed at supporting global causes. “We get good yield,” explains Andrew Harris, an adviser of private equity firms at Forum Capital Partners and vice chairman of the non-profit Resolution Project. “We think it’s very different and, to use a Wall Street… Continue Reading

Wells Fargo Mortgage Business Going “From Great to Good”

On Friday, Wells Fargo & Co. reported a surprising 23% rise in first quarter profit. However, the bank’s mortgage business has showed signs of slowing while net interest margins shrink as well. Wells Fargo, the fourth-largest U.S. bank, has been considered the leading home lender ever since the financial crises. The bank’s recent decline in… Continue Reading

Oasis Investments Limited and Other Financial Firms Expand Throughout Asia

Many financial firms are taking renewed interest in Asia thanks to its recovering economies. Morrison & Foerster, a leading Capital Markets firm in Asia, recently opened its fifth office in the region. The new Singapore branch will be headed by Eric Piesner, managing partner for Asia and head of the real estate practice for the… Continue Reading

3 Concrete Investment Tips to Start 2013

Have you ever thought of taking some of that money you have just sitting in the cookie jar, or in the low-interest savings account, and investing it? The answer is probably yes, and the only reason you haven’t gotten around to it is that you just don’t know where to begin. Here are some tips… Continue Reading

New Year’s Resolutions for College Students

The new year is merely days away, and resolutions abound. Fox Business has compiled a list of recommendations for college students as they struggle with finances, studies and career goals. Consider Student Loans Student loan debt can be paralyzing. It’s important to know the specific policies of the loans and repayment terms. Shelley Solheim of… Continue Reading

Top 5 Business Rewards Credit Cards for Small Businesses

Though not covered by the Credit CARD Act of 2009, business rewards credit cards have a positive reputation amongst small businesses. According to the National Small Business Association, 37% of business owners are relying on credit to cover a portion of their costs. These credit cards feature expense-tracking tools that help organize and monitor company… Continue Reading

Savings Advice for the Uncertain Future

Endless economic turmoil, deepening employment concerns and inconsistent outlooks have left the masses scrambling for saving solutions and smart investment ideas. Though there is no single answer, many finance-focused companies have begun offering advice and information both on personal and public levels. For example, Primerica, a financial services marketing organization, recently released a list of… Continue Reading