investment plan
During the course of your first meeting, your advisor should provide you with a disclosure letter that, amongst other things, sets out exactly how she will earn her fees and what you can expect in terms of costs going forward.
Whereas traditional advice was often designed to address a specific need in a client’s portfolio - generally in the form of a commission-based product sale - lifestyle planning takes a holistic view of the portfolio to identify shortfalls or areas
Investment markets are by nature volatile and accepting short-term fluctuations is an investment fundamental. Markets move in cycles through peaks and troughs and, as an investor, you need to be emotionally prepared to confront this reality without becoming fearful.
