Investors often need help with their investment decision-making process. They may not fully understand the risk associated with their asset allocation. Or they may not have the time to monitor the performance of their portfolio. A Financial Consultant in Minneapolis MN can offer the guidance and knowledge investors do not have time to pursue. The Financial Consultant provides advice about difficult decisions. The Financial Consultant offers third-party endorsement or validation of decisions and actions.
A Financial Consultant in Minneapolis, MN often adheres to the Prudent Practices for Investment Advisors, published by Fi360, A Broadridge Company. These prudent practices guide advisors and consultants to serve clients with a prudent, fiduciary process that follows legal and ethical standards.
Financial Consultants can help investors by guiding them through a disciplined investment process. The Financial Consultant educates the investor and assists in preparing, implementing, and maintaining the investment policy statement.
The Financial Consultant in Minneapolis, MN offers advice on evidence-based investment options. Consultants also advise on diversification and asset allocation strategies. Another area Financial Consultants can help with is the investment manager search processes and ongoing investment manager reporting and evaluation. Investment managers make investment decisions regarding security selection and price. Therefore, the investment managers must be monitored and evaluated. The Financial Consultant can help with this process.
Coordination with Your Other Service Providers
Professional advisors such as accountants, lawyers, and insurance providers working on your behalf form a team. A Financial Consultant will work with them to accommodate your unique needs and preferences.
