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What to Look For in an Investment Management Company in Brisbane Elston Portfolios
There are a wide variety of people that can benefit from investment management in Brisbane. Brisbane is an eclectic city full of smart individuals who are very successful in a wide variety of industries. However, these individuals often times do not make sound financial decisions. With a responsible investment management firm in Brisbane, individuals are able to seek advice that could mean the difference between a sizable retirement and no retirement at all. There are a number of reasons why almost anyone that is investing their money should consult the advice of an investment management group. • Elston Portfolios
Things that you should look for when hiring a firm to handle your finances. • Experience • References • Fees • Elston Portfolios
Experience When you are turning over the management of your money to someone else, it is immensely important to ensure that this person or person(s) is qualified for the job. Checking how long your adviser has been in the industry is a good way to ensure that your money will be well taken care of. Choosing a company with a large number of advisers that all have significant investment experience can be a way to get the best return on your investment. A more experienced wealth management firm will be able to more quickly advise you on things which could mean the difference between making money and losing money when it comes to your investments. • Elston Portfolios
References When you are choosing an investment management firm, think of it as a job interview. You are interviewing candidates to manage your money. What could be more important than that? This is why it is important to ensure that whoever you choose to manage your money always has your best interests at heart. Many firms may claim to be looking out for what is best for you when in reality they are charging you exorbitant fees and giving you little in return. Ask to speak with several references of current clients of the firm. This can give you a sense of how other clients feel they have been treated. You will likely also get a sense of whether these clients are happy with the returns that they have received while working with the wealth management firm in question. • Elston Portfolios
Fees Do not be wowed by expensive dinners and other gifts which are only meant to earn your business. You must sit and think about how these gifts are being financed? Typically they are being paid for with the earnings from clients like you. Be very careful when discussing fees with investment management companies. Ensure that you understand exactly what percentage of your money is going to be used to pay management fees as opposed to generating profit. Even a small percentage difference in the management fees between two companies can add up to huge amounts of money over time. Let the beauty of compounding work for you, not against you. High fees are the single biggest killer of long term investment gains. • Elston Portfolios
Think twice before you hire your next wealth adviser. Look long and hard at a firm's experience, references and fees before deciding to move your money to a new investment company • Elston Portfolios
Thank You • Elston Portfolios