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How Do I Find Local and Trusted Investment Companies?

How Do I Find Local and Trusted Investment Companies?

January 12, 2023

When searching for a reliable investment company, you want to ensure that your money goes into the right hands. That said, there'll likely be a variety of companies available to choose from. According to the Bureau of Labor Statistics, the number of personal financial advisors is projected to grow 15% between 2021 and 2031, which is significantly faster than average. Before committing to any investment provider, do your research first. Here's how to find the right company for you.

1. Research Your Options

Start by identifying the services you need and what investments make sense for your financial goals and risk tolerance. For example, the Securities and Exchange Commission has a public disclosure website that provides information about all registered investment advisors, including their services and previous disciplinary actions. Once you narrow down your search, be sure to examine how their fees work and what the company's track record is like.

2. Ask for Referrals

Do you know anyone who has been successful in investing? Use referrals from friends or family to find reliable investment companies. You can also check with your bank or credit union for any referrals they might have. Once you obtain some names, look up each one to ensure they have a good reputation and are properly registered.

3. Examine the Company's Credentials

Check if the investment company is licensed and has a good track record. Look into their customer service policies, their history of returns, as well as any complaints they have had. All registered investment advisors are required to file Form ADV with the Securities and Exchange Commission. This form provides information about the company's business practices, fees, and investments. You can use this form to get a better understanding of the type of services they provide.

4. Check Their Fees

Your chosen investment company should be transparent about all fees upfront. Some charge a flat fee, while others charge a percentage of your investments. Compare fees among different companies to make sure you understand what you're getting for your money.

With a bit of research, you can find local and trusted investment companies that'll provide the necessary support to help you reach your financial goals. Are you in need of investment assistance? Contact our team at Oak Partners Inc to learn more about the services we have to offer.