Administration & Paperwork

The painful but necessary exercise you will be faced with is the glut of paperwork when you engage the services of a financial services firm. Some of the documentation is required by law and some are required by industry regulators.

The best course of action is complete all required documentation in full and accurately as soon as it is required.

Other details such as understanding the roles of your advisory team, knowing fees and commissions you will be paying and being aware of compliance issues are both important and helpful in ensuring your experiences in developing and managing your personal finances are positive ones.

Documents that can help with these issues include client service agreements and risk tolerance questionnaires.

In the following chapters I try to shed some light on what you can expect and why when it comes to the adminstration requirements and paperwork involved in managing an investment portfolio.

NEXT: Establish Your Accounts