While it might be common knowledge that asset allocation is the key that can transform an average portfolio into an outperforming one, most individuals fail to recognize the importance of consulting a financial advisor. Richard Cayne of Meyer International Thailand says that a skillfully diversified portfolio is all that is required to help your money work hard on your behalf and gradually build you wealth.
According to Richard Cayne of Meyer International Thailand, one of the most important aspects of asset allocation is getting the right mix of securities that will help lower the overall risk in your portfolio. A professional consultant not only has the means to advise you on the different asset classes that will help optimize your investments, but also give you access to those spread across different geographical regions in order to maximize returns. Richard Cayne of Meyer International Thailand mentions that while as an individual, you might be able to figure out asset classes and how to make them work for you, a consultant helps bring an indispensable edge to your portfolio in the form of in-depth knowledge entailing access to more high-performing, tailor-made options.
The second most important reason why entrusting your portfolio to a professional consultant will help is that it will help maintain a balance. Richard Cayne of Meyer International Thailand explains that every investment entails its own maturity cycle and associated risks. A professional consultant not only helps you strike a balance between different security cycles, but also helps reduce risk simultaneously, thereby creating more opportunities for you to make a profit.
Last, but not the least, Richard Cayne of Meyer International Thailand mentions that informed decision making is what helps portfolios outperform year after year. Now, while as an individual, you might like to keep track of the money market and the general economic weather, you might not have access to past trends and data that helps take calculated risks and decisions. Richard Cayne of Meyer International Thailand explains that a professional advisor or consultancy firm will have access to historic data along with keeping an eye on current economic trends. Being a professional in the field, a consultant will have a macro as well as micro view of policies and trends that help give them an edge over amateurs who are bound to overlook some critical point. By hiring a professional, investors will not only benefit from the immense information a consultant possesses, but also be able to breathe easy and concentrate on their main day to day activities without having to be fully involved in managing their portfolio.
Richard Cayne is Managing Director of Meyer International Ltd based in Bangkok, Thailand which forms part of Asia Wealth Group Holdings a publicly listed financial company in London UK.