Your Guide to Investment Management in Lancaster, OH

February 01st @ 9:00 am

Discover how investment management services work, the costs associated with them, and how to hire the right advisor for your unique investment goals. 

Commonly referred to as money management or portfolio management, investment management is defined as how your financial assets and other investments are handled. Contrary to popular belief, investment management isn’t just for the extremely wealthy. Even individuals with small amounts of disposable income can benefit from hiring investment advisors to guide their investment decisions. Below, we’ll explain how investment management services in Lancaster, OH, work in more detail. We’ll also dive into the costs associated with them and how to choose the best investment advisor for your unique goals. 

What Are Investment Management Services Used For?

Simply put, investment companies help you manage your investments to ultimately grow them and earn more money in the long run. There are several different types of products you can invest your money into. Stocks, bonds, mutual funds, annuities, hedge funds, and real estate are among the most popular choices. However, keep in mind that not all investment products are ideal for everyone. 

Initially, when you meet with an investment management firm, they’ll help you decide which investment vehicles or products work best for you. To get a better understanding of your investment objectives and financial goals, they might ask:

  • When you plan on retiring 
  • How much money you’re able to invest
  • The level of risk you’re able to tolerate
  • If you’re looking to save for any upcoming events

Your investment advisor will start devising a financial plan and portfolio to reach your goals, depending on your situation. Over time, they’ll make periodic adjustments to help you better manage, grow, and protect your accumulated earnings.

How Much Does it Cost to Hire an Investment Professional?

Like any wealth management service, costs associated with hiring an investment or portfolio manager vary. Typically, pricing is dependent upon assets under management (AUM). Depending on their investment or financial planning experience, your advisor will set a fee based on the sum of your investment money handled.

Every trade made on your behalf also racks in a fee that you’re in charge of paying. For example, stock trades come with transactional costs, and mutual funds charge operating expenses and sales fees. While you’re comparing your investment options with an advisor, always keep in mind that funds associated with steeper costs usually perform better than low-cost funds to generate the same return for you.

How to Choose an Investment Manager

When it comes time to choose an investment advisor, you have multiple options at your disposal. Selecting the most appropriate option often boils down to your individual preferences. Many decide to partner with self-employed professionals specializing in a specific niche, such as private equity. Others choose to work with larger investment management firms that oversee million and trillion-dollar assets.

Regardless of the type of firm you’re leaning towards, it’s essential to choose an investment manager who’s on board with your investment banking philosophy and financial circumstances. Whether you’re a young, first-time investor looking to save for graduate school or a retiree needing a better investment plan to preserve your wealth, your advisor should have your best interests in mind to help grow your portfolio ultimately. 

At Royal Oak Financial Group, our Certified Financial Planner and investment banking professionals are here to help you achieve financial success. Besides partnering with you to manage your investment strategies, we work hard to build relationships with each one of our clients. Schedule your consultation with us today to start discussing your financial investment goals! 


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