Step 1: Define Financial Goals + The Amount to Invest
Draw up a list of your financial goals and estimate the amount that you plan to invest. Some questions to ask:
What is the sum that you will allocate immediately?
- How much will you add over the next one year?
- How much risk are you willing to take?
Step 2: Gain Clarity of The Services YOu Need
Before contacting an IAM, you need to fully understand the scope, objective, services and role of your IAM. This keeps your goals on track and frames the meeting you will be having with them.
Step 3: Search for an IAM
One quick way to search for an IAM would be with our SmartSearch tool, which will connect you to the right advisor for your goals.
Alternatively, visit the websites of the firms you’ve shortlisted. Pay special attention to the minimum investment amount that is stipulated. It’s also important to ascertain the length of time that the firm has been in existence.
Step 4: Selection Process
Set up meetings your top 2-3 candidates and schedule a one-on-one interaction with the representative of the firm.
Remember that it is important to develop a sense of trust with the firm that you engage. You need to be comfortable with the person that you are speaking to, and should proceed to the next stage only if this condition is satisfied.