The aim of Investment Management
To work with the client on a mutually comfortable, mutually understood, and mutually committed plan for investment.
Different investors will have different mentality and means, therefor the important of the plan being mutually comfortable. Comfortable means that the investment is not entered into by greed or by Comfortable with the specifics of the plan and more importantly with each other.
Investment Management must be understood. Financial Advisers must facilitate this by educating the client about the financial market and the details of the product. Most Financial Advisers do not do this out of fear that they will ‘slip up’ when trying to explain the risk, not confident of their own knowledge in the product and markets or that the client will know more then them.
Needless to say commitment is important. Investment Management should aim to be long term, even when the product can be short term of a few weeks. Managed Wealth Singapore believes that mentality of the Financial Adviser should not only be to work with the client for life but to assist in the transition of Advisers for the next generation as well.