Righting the Ship (Conclusion)

So how would you sum up investors’ rights?

Investors have the right to competent, honest advisors that put them first, that keeps their mouths shut, and that communicate clearly. All this is to say that investors should be special—not put on a pedestal, but made a priority. Advice and actions should be tailored to fit each investor’s situation. Financial counsel should feel comfortable, and if it doesn’t, they have the right ask questions until they understand.

The best way to feel at ease with advice is to have a plan and to put the plan in writing. An investment policy statement is a great way to develop your financial philosophy and clarify your objectives. Having a written plan helps everyone understand what you want to do with your money. This is especially important when times get tough.

With rights come responsibilities. Creating a plan is something that investors and advisors should do together. It helps everyone understand where you’re going and how to get there. All investors have goals. Writing a plan makes them clear.

Douglas R. Tengdin, CFA

Chief Investment Officer

By | 2013-06-28T08:54:01+00:00 June 28th, 2013|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. –
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