When You Might Need An Investment Manager


If you are a person who has never had a great deal of wealth or never thought about having someone help you manage the wealth you do have, you may be missing out on the help of an investment management service. Get to know some of the situations in which you might need an investment manager. Then, you can better decide if investment management is the right choice for you and your current financial situation.

You Received a Big Pay Bump

If you recently received a big pay bump at work, either as a raise or as part of a promotion, you may be excited about the prospect of making more money. However, you should not plan to just spend that money frivolously. Instead, you should plan to invest at least some (if not all) of that extra money into savings, stocks, bonds, and retirement funds. 

To do this well and in a balanced and strategic manner, you will probably want to hire an investment management company. They can help go over the numbers with you and develop both short-term and long-term investment plans and goals for you and your new extra cash. This will ensure that if you do want to take a trip or make a major purchase with your new income, you will be able to do so as well as save for the future. 

You Are Self-Employed and Need to Save for Retirement

If you are self-employed, you need to manage a lot of finances on your own that you wouldn't have to do as much of if you worked for an employer. One area in which many self-employed people struggle is saving for retirement. 

Retirement saving when you are self-employed can seem daunting and complicated. An investment manager can help you with that. They can help you set up your retirement account(s) as a self-employed individual. They can also help you pick the investments within your retirement portfolio so that you have a balanced retirement account. 

You Inherited Money

When you have recently inherited a substantial sum of money, it is a good idea to go ahead and hire an investment management firm to help you handle and deal with that inheritance. You will be able to set aside some of the money to spend and save the rest in a logical and beneficial way for you and your future.  

For example, if you want to set up trusts or college funds for your children with the inherited money, an investment manager can help you do that. They can also help you ensure that you have a diverse investment portfolio with the inherited money so that the money continues to work for and benefit you.

There are many instances when you might need an investment manager. These are just a few of them. If any of these situations apply to you, contact an investment management firm right away to help you get your finances settled. 


18 June 2020

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