Investos can Reduce Their Risk of Bad Advice by Knowing the Critical Differences Between Financial Planners and Financial Advisors.

June 15, 2006 (PRLEAP.COM) Business News
The Paladin Registry study showed that one of the biggest problems was investors don't know the critical differences between financial planners and financial advisors.Foexample, planners provide services that help investors build strategic roadmaps for their financial futures:the amount of assets they need for retirement,sources of retirement income and the impact of longevity.The planning process should produce a comprehensive strategy that increase the odds of investors achieving their most important financial goals.
The primary role of financial advisors is to help people invest assets.Their services include investment strategy,asset allocation,manager selection,risk management,investment decision making and performance analysis.
The roles of planners and advisors are very different and most people need both services and they want the convenience of one advisor.However, very few professionals have both types of expertise.
Investors must learn to obtain objective information from advisors that will help them determine competency,ethics and business practices.There is website that provides this information for free and investors don't have to register to access it-www.paladinregistry.com

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