Asset Allocation
Your advisor will seek information from you about the level of risk that you are willing to take. You will also need to tell your advisor about your investment horizon.
You will receive guidance on the most appropriate asset mix for your portfolio based on the answers that you provide to these questions. This will help you to decide on the amounts that you should deploy in stocks, bonds, real estate, and commodities.
Long-Term Financial Plan
One way to measure the success of your investment strategy is to monitor the returns that your portfolio is making every quarter or every year. For example, are these gains taking you any closer to meeting your long-term financial goals?
The advice that you receive from your financial advisor will help you to implement a plan that does this. You will also get input on how to make mid-course corrections based on changes in the market situation.