The Food Critic

Sunday, July 27th, 2008

Fee only financial planners

Financial planners generally focus on a specific industry, region, or type of product. For example, an planner may focus on the utilities industry, Latin America, or the options market. Firms with larger research departments may divide the work even further so their planners can maintain sharp focus. Within their areas of specialty, planners assess current trends in business practices, products, and competition. They must keep abreast of new regulations or policies that may affect the investments they are watching and monitor the economy to determine its effect on earnings. Some Fee only financial planners called portfolio managers supervise a team of planners and help guide a company in selecting the right mix of products, industries, and regions for their investment portfolio. Others who manage mutual funds or hedge funds perform a similar role and are generally called fund managers. Other planners, called risk managers, analyze portfolio decisions and determine how to maximize profits through diversification and hedging.

Popularity: 41% [?]