Managing the Portfolio
An investment advisor must manage the portfolio of various investment opportunities and provide the clients with all the possible options according to their need. Keeping in mind the investment objectives of the clients, disclosures should be made to them along with guiding them about the regulatory restrictions.
Accuracy of the Disclosures
If you are telling the client about a particular investment opportunity then it must be made sure that the most accurate information is given to him. This is essential because the client is about to make a significant investment and if the accurate and appropriate information is not given to him then it is a breach of the responsibility of the advisor. Even the advertisements and the account statements should be shown to the client keeping the highest levels of transparency.
Safeguarding The Client’s Assets
A client is trusting you with all his money and investment so in return, it is your responsibility to provide him with utmost security and safety. Keep a regular check on the client’s assets and be vigilant so much that even the activities of your personnel do not go unnoticed by you.
Creating and Maintaining Precise Records
A registered investment advisor must be very careful while making the records because there is no room for any kind of error. Not only should the records be created as accurately as possible but measures should also be taken for their maintenance. Providing them enough security so that they can be saved from unauthorized access. Also, it must be ensured that no changes are made in them and they are well-protected from any kind of untimely destruction.
Privacy of the Client
There is no denying the fact that a client trusts the investment advisor with some of his most important and confidential information. It is one of the most important duties of the investment advisor to keep the privacy of all his clients intact even from his personnel. Bozeman Financial Planner and Investment Advisor
Best Trading Practices
He must be aware of all the practices and the legal obligations that he needs to follow. There is no room for such a situation where a client lands in some kind of legal dispute because of an error made by the advisor.
These points also act as a criteria of financial advisor selection by clients. Apart from performing all these duties, an investment advisor is also required to come up with a great marketing strategy so that he can actually ensure that the investment of his client will reap benefits.
