I want to invest in mutual funds can i trust banks as a good financial advisor with good after sale service?

I do not want to generalize about the competency of bank representatives as advisors so I will just provide you with some questions to ask

What are your licenses?
What is your overall investment experience?
What is your mutual fund experience?
What is your educational background?
Do you have any specific investment designations?
How often will I be able speak with you?
How often will I be able to meet with you?
Do you have a criminal record?

I hope this helps.

Michael A. Weiss, CFA
The Editor
The Mutual Fund Investor
http://www.mutualfundinvestor.net

No!

No, no a thousand times no! They are just sales people.

Far better is to mention to family and friends that you are looking for some finaicial advice to get a referral.

I learn about mutual funds and more you can follwo the listed link.

I hope that this helps.

All the after sales service you will get from any financial adviser will be the managers report every 6 months and a valuation every year. The rest will be offers for selling you other things, which can be quite interesting too.

If you want good after sales advice and service, you have to put every thing in the hands of a wealth manager who will charge you at least 1%pa. But they only take on large accounts of at least $100,000. Banks offer this service too.

No.

They make money each time they convince a clueless soul to buy one of the Mutual Funds.

I can help you for FREE. (I am a Portfolio Manager)

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