When you have a new Investment Advisor
In the private bank, the private banker works hand in hand with the investment advisor to service the client.
The private banker will handle the relationship building and admin work while the investment advisor will focus on generating income for the portfolio.
When you have a new investment advisor, you should observe if he or she took the time to learn about your objectives and threshold for risk before beginning the investment process.
Inexperience advisor will be selling the "investment of the week" to all his / her clients without considering the clients' needs.
If the investor is conservative, the portfolio should be overweight fixed income. If the investor is aggressive, the portfolio should be overweight equities.
These are the questions that will help you determine if that advisor is a good match for you.
- How do you invest? What is your approach?
=> Beneficial to learn the advisor's philosophy and approach to see if they make sense to you.
- What type of investment products do you focus on in your investment process?
=> Most advisors are better in a certain asset class like fixed income or equities. And they tend to do more on investment products / asset class that they are stronger in.
- What type of investors do you work with the most?
=> It would be good to find an advisor who has experience dealing with investors similar to you.
- If you are a conservative investor, you may be more concerned with how the portfolio does in a bear market.
- How long have you been an advisor?
=> You may not need the most experienced advisor in the bank, but you dont want a brand new advisor who is going to make all of his mistakes with your money.
- What type of service can I expect from you?
=> Good to hear the advisor's approach to client service. That can help you make a decision on whether that advisor would be appropriate for you.
The private banker will handle the relationship building and admin work while the investment advisor will focus on generating income for the portfolio.
When you have a new investment advisor, you should observe if he or she took the time to learn about your objectives and threshold for risk before beginning the investment process.
Inexperience advisor will be selling the "investment of the week" to all his / her clients without considering the clients' needs.
If the investor is conservative, the portfolio should be overweight fixed income. If the investor is aggressive, the portfolio should be overweight equities.
These are the questions that will help you determine if that advisor is a good match for you.
- How do you invest? What is your approach?
=> Beneficial to learn the advisor's philosophy and approach to see if they make sense to you.
- What type of investment products do you focus on in your investment process?
=> Most advisors are better in a certain asset class like fixed income or equities. And they tend to do more on investment products / asset class that they are stronger in.
- What type of investors do you work with the most?
=> It would be good to find an advisor who has experience dealing with investors similar to you.
- If you are a conservative investor, you may be more concerned with how the portfolio does in a bear market.
- How long have you been an advisor?
=> You may not need the most experienced advisor in the bank, but you dont want a brand new advisor who is going to make all of his mistakes with your money.
- What type of service can I expect from you?
=> Good to hear the advisor's approach to client service. That can help you make a decision on whether that advisor would be appropriate for you.
If you are looking for a private banker, we will be glad to refer. Minimum to open a private bank account ranges from SGD2mil to SGD5mil at various banks.
You can send me an email at metal.commodity@gmail.com.
You can send me an email at metal.commodity@gmail.com.
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