wealth management specialist approach advisory services
Advisory Investment Services
If you opt for an Advisory Service, you are fully consulted on every transaction undertaken within your portfolio and must give your express agreement for any alterations to your strategy and fund selection before they are made.
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The primary advantage of an Advisory Service is that you retain control and the fund manager is unable to alter the strategy or the fund selection without your prior consent. Many clients like to retain this control and be involved in the decisions before they are made. Often, clients who have specific investment requirements or a good knowledge of investments would opt for this type of service. One of the disadvantages of an Advisory Service is there can often be delays in altering the strategy and fund selection of your portfolio due to the time that it may take in getting your agreement. This could have a detrimental effect on the performance of your portfolio if, for example, your fund manager was unable to get your agreement to alter funds if you were unavailable for any reason. The fund manager may want to react to market opportunities quickly, and may not be able to do so. If you need any further information about our Wealth Management Advisory Services please contact us. |
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