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By Angela Barnes
The Globe And Mail
Wednesday, March 5, 2003
In a recent newsletter, Adrian
Mastracci, president
of Vancouver-based investment advisory firm
KCM Wealth Management
Inc., gave some suggestions
on what to look for in a financial adviser.
For example, he says the adviser should determine
an investment profile that is appropriate
for the client and stick within it.
Adrian
Mastracci, president of Vancouver based ‘fee-only’ KCM
Wealth Management, says, “The adviser
should identify the risks the client can
incur and rebalance the asset mix in the
portfolio
as needed.”
The adviser also should consider the client's
long-term investment time horizon and then
design an investment portfolio. Moreover, the
design of that portfolio, which should be diversified,
needs to be integrated with planning for other
matters, such as the estate, income tax and
retirement, he said. In addition, the portfolio
should minimize the client's exposure to individual
investments and take into account the rate
of return required to attain financial independence,
he said.
Furthermore, the adviser should identify the
risks the client can incur and rebalance the
asset mix in the portfolio as needed, Mr. Mastracci
said. And he or she should formulate a strategy
for handling gains and losses.
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