In healthcare, patients look for a second opinion from another medical professional. The key factor is that it is usually not the patient’s diagnosis that is in question, but the recommended treatment for the particular infliction.
Through the years, we have reviewed hundreds of accounts where the people are working with a broker or planner who does take into account many different variables, and our second opinion agrees with the steps taken. Let me repeat that, we don’t always find significant problems in our portfolio reviews.
Most investors can sense when there is something wrong with their portfolio. The problem is that they either ignore these ‘symptoms’ hoping the problem will go away (it doesn’t), or they have no idea where to go to get a second opinion.
By using a balanced approach, we can talk about the strengths and weaknesses of your total portfolio to give you a clear picture of where you are today. By avoiding a sales pitch, you won’t have your portfolio “problems” blown out of proportion. Don’t think it can happen, let us give you a real world example.
Have you ever looked to a buy a new car? Think of the sales process. The salesperson, once he knows what you are looking for, will begin to make comparisons to what you drove onto the car lot. The more benefits of the new car they point out, the more problems you see with your old car. That same thing can happen with a review of your finances.
Remember, your second opinion needs to be objective and avoid a sales pitch to be effective for you and your financial future!
To hear the Smart Money Radio Show segment where Bruce discusses paying fees for private wealth management, Click Here! (about 7 minutes long)
To hear the full Smart Money Radio Show where Bruce discusses Private Wealth Management, Click Here! (about 25 minutes long)
Wednesday, November 11, 2009
Subscribe to:
Posts (Atom)
