An investment advisor is a good option if you are not an expert in the investment field because you can use their know-how and experience to help you invest.
You can also consider an advisory if you have more investment expertise to use skilled professionals who can help you develop different strategies and diversify your portfolio.
Fiduciary standards regulate investment advisers, which means they have a duty of care and a duty of loyalty to you:
- The duty of care requires an investment advisor to place your best interests ahead of their own at all times;
- Under the duty of loyalty, an investment advisor must eliminate conflicts of interest or tell you about them in a way that you can understand so that you can decide whether or not to agree to them.
*Nomad does not provide investment advisory services, so it is recommended that you consult a professional you trust to help you.