Saving money and exploring strategies for increasing your personal wealth over time is an important part of a robust and comprehensive financial plan. While savings accounts are great for having cash on hand, investing is one of the most surefire ways to increase your wealth in the future. However, understanding different types of investment accounts and opportunities, as well as how much money to allocate to various accounts and when, can be a complex and even overwhelming challenge. As you think about your options, working with an investment advisor near me is recommended. At Top Investment Solutions, our team is here to help. Reach out to us today to learn more.
Sometimes called a stockbroker, an investment advisor is a financial professional who makes investment recommendations and conducts securities analysis in return for a fee. If an investment advisor has sufficient assets, they are formally known as a Registered Investment Advisor, or RIA, and they must be registered with the Securities and Exchange Commission (SEC). One important thing to know about investment advisors and IRAs is that they owe a fiduciary duty to their clients—this means that they are legally and professionally obligated to act within their clients’ best interests, not their own.
There are three structures through which an investment advisor may be paid:
Before you hire an investment advisor, it’s important to ask them how they charge and what their fee structure is.
Navigating the world of investments for the layperson can be extremely difficult. Whether you are looking to invest in real estate, invest in a short-term investment account that can help you grow your money to save for a large purchase (such as a house) in the relatively near future, or put away money for the next 20-30 years to pay for retirement, working with an investment advisor can help. An investment advisor can help you to understand stocks, bonds, mutual funds, 401(k)s, IRAs, and various other investment options. They can also help you to understand risk and understand your own risk tolerance level.
At Top Investment Solutions, our investment advisor near me is ready to support your wealth management needs. To learn more about our investment advisors and the services that we provide, don’t hesitate to reach out to us by phone or online at your convenience. We have the certifications and the reputation you can count on.
This material is not a recommendation to buy, sell, hold, or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. Investors should discuss their specific situation with their financial professional.
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