19 Jul Advisor Vs. Broker
When it comes to your lifetimes worth of savings, homes, retirements, and the future of your loved ones, it isn’t that hard to see why many people would be uneasy when it comes to the hands in charge of your assets during the process of estate planning. Some people choose to handle these affairs themselves, weather it be because of experience, a well provided pension plan, or just uneasiness of handing over these types of matters into the hands of strangers. However there are others who feel that it is best to let those who are trained and knowledgeable of this field handle these matters for them.
Well in the investment field, there are two primary parties who are able to offer investment advice to individuals. These parties are investment advisors and investment brokers who work for brokers-dealers. Many may consider the investment advice they receive from each party as similar, but there is a key difference that may not be completely understood by the investing public. The difference pertains to two competing standards that advisors and brokers must adhere to, and the distinction has important implications for individuals who hire outside financial assistance. Below is an overview of both parties, click here for more information, and a reason that you may be losing money if you have a broker.
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