Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

If you’re new to investing, a good place to start managing your wealth is to consult your tax preparer or accountant. They may be able to provide you with financial planning services. They may also be able to refer you to somebody who can.

There are three types of professional wealth management services you can use.

  1. A full service stock broker – A good stock broker is one who understands investing and who has the integrity to settle conflicts of interest in the client’s favour. Good stock brokers can provide an effective and economical way to manage your investments. But if you are going to use a full-service broker, take the time to find a broker you can trust.
  2. A discount stock broker – A discount stock broker will simply carry out buy and sell orders for their clients, and charge lower commission rates than full-service brokers. You pay even lower commissions if you trade stocks online, instead of placing orders over the phone.
  3. Portfolio managers – A portfolio manager is someone who fully manages your wealth portfolio and has a fiduciary responsibility to make sound investment decisions on your behalf. Portfolio managers are more stringently regulated than full-service or discount brokers.

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Wealth Management Post Archives

Your ideal investment portfolio mix can include both conservative and aggressive investments—but follow these tips

Your ideal investment portfolio mix can include both conservative and aggressive investments—but follow these tips

There is no “one-size-fits-all” ideal investment portfolio mix. But there are some key portfolio diversification tips that every investor should follow.
Are you trying to determine your ideal investment portfolio mix? Ultimately, the percentage of your portfolio that you should hold in either conservative or aggressive… Read More

Holding consumer products stocks in your portfolio adds diversification—and protection against economic downturns

Holding consumer products stocks in your portfolio adds diversification—and protection against economic downturns

Regardless of the economy, consumer products stocks profit from continual customer demand. Learn more and find one of our recommendations here.
Consumer products stocks benefit from continuous, habitual use and have a steady core of sales, regardless of the economy and business cycles. Typically, consumer-products companies… Read More

Hidden risks of prepaid funerals

Hidden risks of prepaid funerals

Is there any advantage to spending money on prepaid funerals? Prepaid funerals seem like a great deal but have hidden risks.
For example, a member of Inner Circle recently asked whether there is any advantage to spending money on prepaid funerals. So you can get a sense… Read More

How Many Stocks Should I Own?

How Many Stocks Should I Own?

“How many stocks should I own?” This is one of our most commonly asked questions from new and experienced investors. Here’s the answer.

One question that Inner Circle members often ask is, “How many stocks should I own in my investment portfolio?” The right number… Read More