Do you call on experts when you don’t have the necessary skills or time to get a job done efficiently? Why should investing be any different?
Simply put, opting for professional investment support means you can draw on professionals to advise you or manage some – or even all – of the financial assets you intend to invest. Based on your investor profile, the two main options available to you are:
Most leading banks offer these two alternatives, which – contrary to popular belief – are not always reserved for private banking clients.
You save time, and are relieved of having to carry out the day-to-day monitoring and regular evaluation activities associated with your portfolio.
People generally choose to invest if they want to grow their capital more quickly than through saving, or if they wish to consolidate their wealth through diversification. Overall, there are three main reasons for requesting professional help:
You have access to expertise that you do not necessarily possess yourself.
You save time, and are relieved of having to carry out the day-to-day monitoring and regular evaluation activities associated with your portfolio.
You set clear targets at the time of signing the advisory agreement or discretionary mandate (acceptable risk, investment horizon, etc.). On this basis, your representative:
Signing a discretionary management mandate or investment advisory agreement does not protect you from market risks or guarantee a return. Your representative or adviser is bound by a best-efforts obligation, and not an obligation to achieve specific results. It is therefore important to discuss these options with your financial partner to fully understand what can reasonably be achieved.
A management mandate or advisory agreement establishes the provision of services, which naturally comes at a cost. This cost varies greatly according to the level of service expected. In difficult times, when returns are limits, this cost may prove to be relatively high compared to the profits received. This is why you will often be advised to invest long term. Such is the price of peace of mind.
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