mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Pretty interesting article that is in magazine/web site that is wrtten for financial planners/advisors.
My question is for those of you who use the services of a financial advisor of some type, do you find that as you become more and more savy in the investment world, do you expect more of your advisor than you did prior to you taking an acive interest in the investment process? As you may expect more from him/her, how does your advisor respond to your upgraded inquiries?
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http://www.onwallstreet.com/article.cfm?articleid=3532&pg=ros
My question is for those of you who use the services of a financial advisor of some type, do you find that as you become more and more savy in the investment world, do you expect more of your advisor than you did prior to you taking an acive interest in the investment process? As you may expect more from him/her, how does your advisor respond to your upgraded inquiries?
For these investors, another important source of information is the Internet. More than 90% of affluent households have access to the Internet at home. And--believe it or not--this percentage doesn't vary significantly by age. These individuals are routinely accessing personal information, paying bills and even trading securities online. At least 84% conduct investment-related research online, although this number does decrease slightly as an investor's age increases.
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About 25% of investors currently consider themselves to be self-directed--meaning they make all investment decisions on their own. Alternatively, 63% use advisors to some extent. Only 12% of investors describe themselves as entirely dependent on advisors. The rest want to collaborate with advisors. This often means that advisors are spending a significant amount of time with individuals who ultimately will execute trades or purchases on their own. And that will cause advisors to re-evaluate how they're compensated for their advice.
http://www.onwallstreet.com/article.cfm?articleid=3532&pg=ros