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| SoMCyvkMsgIsCfSoXRB [2019-06-15] |
| How many are there in a book? http://12yo.icu/ 12yo This seems to be the direction most of the serious advisors in the industry are headed. Under this model, the advisor is also the portfolio manager. They receive permission from the clients to act with discretion which allows the advisor to buy and sell securities across all clients without having to consult each client individually, much as a portfolio manager of a mutual fund does. If the advisor believes that selling security X and buying security Y make the best sense, they do it for every client at once. There are several limitations for investors choosing to use this type of advisor. First, they are in small numbers among broker dealers, though this is starting to change. Most are RIAs, of which there are far fewer.. Second, clients are putting a great deal of trust in their advisor, since he or she will be acting alone as the portfolio manager. Turning over all decision making to someone is a serious choice.
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