{"id":1058,"date":"2014-10-27T00:00:47","date_gmt":"2014-10-27T00:00:47","guid":{"rendered":"http:\/\/www.thompsonlawsd.com\/?p=1058"},"modified":"2014-09-16T17:54:23","modified_gmt":"2014-09-16T17:54:23","slug":"look-money-manager","status":"publish","type":"post","link":"http:\/\/www.thompsonlawsd.com\/look-money-manager\/","title":{"rendered":"What to Look for in a Money Manager"},"content":{"rendered":"\"What<\/a>\n

While it\u2019s important to practice responsibility where your money is concerned, sometimes it\u2019s also smart to hire a money manager for assistance. These professionals can help those who struggle with handling their own money or who simply want help taking their finances to another level.<\/p>\n

The first thing to look for in a money manager is affordable pricing. After all, you can\u2019t get far with your money if you keep giving it all to a money manager. Look for one who takes no more than 1% of the total amount they\u2019re handling for you per year. Also, their fees should be upfront and spelled out before you\u2019re ever asked to sign anything.<\/p>\n

Although you\u2019ll end up working with a money manager, be sure they are part of a larger team. You may need to pay a bit more for this kind of depth on the bench, but it comes with a lot of attractive benefits. The main one is essentially that \u201ctwo heads are better than one\u201d, thus a whole team of heads is better still. With just one person looking over your money, you\u2019re liable to lose a lot of it on one simple mistake. However, with a whole team or company, it\u2019s less likely that any mistake will be bad enough to sink your portfolio.<\/p>\n

No matter how prestigious or promising a company is, it\u2019s essential that they offer transparency where your account is concerned. You should be able to access it at will via an online platform and pull funds as you wish, when you wish.<\/p>\n

Lastly, don\u2019t hand over your money to any money managers unless the Securities Investor Protection Corporation insures the account. Also, ask if a third-party ever audits their company\u2019s accounts. This is ideal.<\/p>\n

With the above advice, you should be ready to consider your options for money managers. While much of it will come down to personal preference, the above criteria will at least ensure you make a good choice.<\/p>\n

Source:<\/p>\n

http:\/\/www.responsible-investing.net\/news_mar09_moneymanager.html<\/p>\n","protected":false},"excerpt":{"rendered":"

While it\u2019s important to practice responsibility where your money is concerned, sometimes it\u2019s also smart to hire a money manager for assistance. These professionals can help those who struggle with handling their own money or who simply want help taking their finances to another level. The first thing to look for in a money manager […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-1058","post","type-post","status-publish","format-standard","hentry","category-general-bankruptcy"],"acf":[],"yoast_head":"\nWhat to Look for in a Money Manager - Bankruptcy Lawyer<\/title>\n<meta name=\"description\" content=\"The Thompson Wedeking Bankruptcy article library provides all the information you need on Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.thompsonlawsd.com\/look-money-manager\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What to Look for in a Money Manager - 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