Daily DupacoTuesday, April 01, 2014
Consolidating investments saves time and moreWhen it comes to investing, the old saying applies: “Don’t put all your eggs in one basket.”
Consolidating your investments can have many positive effects, Liddle says. Working with one advisor helps to ensure your assets are diversified properly, adjusting for your risk tolerance and time horizon. It can simplify your life. And, with certain advisors, the investment management fees might be reduced with more assets managed. Before you consolidate, it’s important to find a trustworthy advisor who has your best interest in mind. Ask the advisor to review all of the statements for each of the accounts, Liddle says. The advisor should be able to tell you whether you are diversified properly, as well as any concerns with asset performance or account fees. Also, ask your current advisor whether there are any penalties or fees for changing or selling the investments. (This is a great question to ask before making any investment with an advisor.) By Emily Kittle Comments (0) ![]() ![]()
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