When you have a medical problem, you don’t go to a mechanic—you visit your doctor. When you need investment advice or want to purchase or sell stock you want to deal with a professional. So how do you find one?
An investment adviser is an individual or a firm who advises clients about securities to purchase.
- Purchases may include stocks, bonds, mutual funds, or exchange traded funds.
- Fees paid to investment advisors may very, it could be an hourly fee, a fixed fee, commissions, or a percentage of the assets managed.
A stock broker is a registered professional who makes trades on behalf of their clients in exchange for fees or commissions.