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The January 2003 Investment Company Institute mutual fund statistics
report includes 8,260 stock, bond, and money market funds. Today, work,
family, and other commitments place serious demands on one's time and
energy. Many individual investors do not have the opportunity to research
all of the mutual fund choices in order to create a portfolio of
investments that seek to meet their investment objectives. That is why we
suggest working with a financial advisor.
Financial advisors understand mutual funds for what they are: a piece
of your overall financial plan. These investment professionals shall take
the time to:
- Understand your overall financial picture.
- Establish your long-term investment needs/goals.
- Determine your tolerance for risk.
Once you and your financial advisor set your objectives, he/she can
build a diversified portfolio of mutual funds to help you achieve your
goals. A financial advisor can utilize knowledge and access resources not
available to the average investor.
A financial advisor will watch over your investments, conducting
periodic reviews to ensure that your mutual fund allocations are
appropriate for your overall investment plan.
Independent financial advisors, those that are not affiliated with a
financial services company that offers proprietary mutual funds, are
better suited to provide investment advice that is unbiased and focused
solely on helping you chart a successful course of action. Your goals and
those of the advisor are aligned. This relationship can help you solidify
your financial future.
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