The Costs of getting Investment Consultants
Saturday, November 17th, 2007Most of us aren’t investment experts, and would rather pay someone to handle the money (and all the stress of monitoring the values, computing the risks or preparing the documents). Naturally, we should be involved—it’s our money, after all—but we count on experts to narrow down the choices and present us with pre-analyzed pros and cons.
The best advice, naturally, is to pick an investment consultant you can trust, even if we have to pay a little bit more. (Beware the investment package that is too low… there’s got to be hidden fees somewhere.)
But it’s still good to negotiate. Present the quotations you got from other companies, and bargain for better fees. Generally, if you are investing a large sum, you save more buy paying a one-time fee. Commisions are better if you are asking him to handle smaller amounts.
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