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It is therefore possible that these professionals will need to investigate all levels of the customer's needs. Issues such as hopes, dreams and desires are for example taken into account together with more concrete issues such as taxes, insurance and retirement. These are all considered together in terms of the customer's stated needs. Because this is such a complicated and involved process, many financial advisors limit their expertise to provide optimal advice on only one aspect of financial planning or investing, while others attempt to be as global as possible. The customer with singular or simplified financial needs may make use of the former, while those with several different assets and investments may make use of the latter.
What type of financial advisor is chosen therefore depends greatly upon the specific needs and perceived financial competence of the customer. A customer who is not very informed regarding the financial world for example may wish to make use of a professional with a wider range...
An experienced customer on the other hand may benefit more optimally from the specified expertise of a more focused advisor. Less experienced persons could also make use of a combination of financial planners and advisors. A financial planner could for example help a customer to specify his or her specific financial needs, and help to find the correct advisor for the identified purpose.
What is most important is that the customer be aware of the necessary documentation for the specific level of financial advice required. An advisor that not only provides financial planning, but services such as securities trading or insurance assistance as well, should hold the appropriate licenses. The customer should properly investigate the institutions or individuals that they wish to employ in this regard.
A good financial advisor is vitally important in order to help customers plan effectively for their future. With the correct advice, a customer can ensure lifelong financial security.
finance and financial entrepreneurship. The basis of the article is on a discussion that was held on this subject among four leading lights of financial entrepreneurship in the United States - Michael Milken, Lewis Ranieri, Richard Sandor and Myron Scholes. These people are famous in their own right and have had a sizeable role in financial entrepreneurship in the U.S. over the last 20 years. We have first discussed
Finance-dominated proponents also maintain that boom economic periods generate a more varied divergence of valuations that fuel merger activity (Medlen 2007). In this regard, Medlen concludes that, "Taken collectively, these understandings may explain some of the merger activity in booms, but they involve certain asymmetries that undercut their explanatory power. High stock valuations allow stock to be utilized as currency and collateral for takeovers; yet stock booms also make
Human Capital in Latin American Economic Development HUMAN CAPITAL IN LATIN AMERICAN ECONOMIC Developtment The concern for the economic development in the developing countries has been an issue for several decades. Many policy makers around the globe in various developing countries have formulated development strategies for their economies in consultation with the developed countries and international bodies. The central focus of all the policies have been on the development and investment on
As a result, economic development was redefined in terms of reduction or elimination of poverty, inequality, and unemployment within the perspective of a growing economy (Mamede & Davidsson, 2003). Research indicates that entreprenuership can be both the cause and effect of economic development in the sense of wealth distribution. Countries in which wealth is concentrated in the hands of a small fraction of the population face greater difficulties in coordinating
Mexico: Terrorism and Organized Crime The convergence in numerous means of organized criminal activities that include terrorism and drug trafficking is a developing concern in the United States and the entire world. Some professionals in this filed imply that the increasing number of cases of terrorism and organized crime groups are jointly coordinated and the trend is increasingly developing into a worldwide phenomenon (Rollins 2). These occurrences pose a great and
Enron could engage in their derivative trading strategy with no fear of government intervention because derivative trading was specifically exempted from government regulation. Due in part to a ruling by the Commodity Futures Trading Commission's (CFTC) chairwoman, Wendy Graham, derivatives remained free of regulatory oversight. Ms. Graham, wife of Texas senator Phil Graham, made this ruling 5 weeks before resigning as chairwoman of the CFTC and joining the Enron Board