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| ![]() Does Your Financial Advisor See the Whole Picture?Having only one piece of pie might be good for your waistline, but showing your financial advisor just a slice of your financial picture might be hurting your bottom line. Here's why.
By: Edward Jones It's a question investors often ask. Just as your doctor needs to understand all your symptoms to offer sound medical advice, your financial advisor needs to understand your entire financial picture to better guide you. Risk for the investor If you have accounts with more than one financial advisor, each one sees only a piece of the puzzle. So his or her recommendations may be based on incomplete information. Changes you make based on that advice could cause your overall investment mix to become out of line with your risk tolerance. Your needs A good financial advisor knows the importance of understanding your complete picture – including your current situation, goals, risk tolerance and investing time frame. Understanding your entire situation is essential to helping determine the best recommendations for you. Highlights • Is it better to have your money with a variety of financial advisors or just one? • Risk for the investor • Your needs End
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