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Principle #5: Use the Correct Advice Channel

With so many options to choose from – and new ones springing up everyday – investors can be overwhelmed and confused into making poor decisions. A PortfolioCHECK™ report will cut through the endless marketing messages and help you make one of your most important investment decisions – the role you play in the implementation of your investment process.

The advice channel that you use will make a significant difference in the role that you play in the management of your portfolio. It will also have an impact on fees, the amount of time required to manage your portfolio, and convenience.

The role that you wish to play in the management of your portfolio, and the services that you require, will have an impact on the advice channel you should use. The main roles that an investor can play are:

  • Do it yourself
  • Director
  • Collaborative
  • Supervisor
  • Hands off

The advice channel you use and role that you play go hand-in-hand. A PortfolioCHECK™ report explores the following advice channels:

  • Discount broker
  • Bank branch staff
  • Mutual fund/insurance rep
  • Investment Advisors
  • Investment Counselors
  • Trust Companies

Our PortfolioCHECK™ report will help you decide which role is best for you and which advice channel is best positioned to meet your needs.