How to Find the Right Financial Services Firm | Financial Service

The global financial crisis has created one of the worst recessions since 1982 and this has caused millions of investors to have many sleepless nights as they struggle to find a strategy that will protect them during the bad times yet allow them to participate in the growth during times of expansion. While there is nothing wrong with this many financial services firms have promised the world yet undelivered on the promises that they made to their clients, causing them to lose money. The current economic situation underscores this lack of follow through which has taken place with in the financial services industry. In response to these different challenges many investors are now searching for those financial services firms that will protect them while providing consistent growth. To find the right firm for your situation requires that you consider a number of different factors.


Do they have a wide variety of different strategies that they can use? Whenever you are dealing with any financial services firm you want to make sure that they have many different strategies that you can use in both bull as well as bear markets to make money. What happens to most people work only with those firms which sound good, when it comes to strategy they have the one standard that they use on virtually all clients, buy and hold. This lack of ideas means that when the bear markets do come you could see sizable losses in your account as prices are cut dramatically.What will be done to protect you against risk? Whenever you are investing in anything there will always be a certain degree of risk involved. To protect yourself from holding the  Enron’s of the world requires that you work with a financial services firm that will show you how you can protect yourself against the different forms of risk such as hedging, using sell stops or diversification.


Clearly choosing the right financial services firm can be challenging. However, by making sure that they offer a wide variety of strategies and knowing that that they have different ways to protect you against risk will help you to be able to avoid some of the severe declines which are known to occur during bear market and to participate in the growth associate with bull markets, helping you to have consistent profits.

Finding the Right Commercial Financial Services | Financial Service

In contrast to residential or independent financial services, commercial financial services focus on serving those who are in private companies, government agencies and non-profit organizations. There are many different types of commercial financial services available, and if you’re a new business owner you may feel overwhelmed by all of the options.The easiest place to start with your decision is finding a place that will handle your business bank account. In order to get your business account with your business name, you’ll first need to register a business license and then get a fictitious business name statement if you are doing business in a name other than your own. Once you are armed with this paperwork, you can start to shop for a bank to use.


Your choice of bank will largely depend on what type of business you are running. If you need to ability to accept credit cards, you’ll need to find a bank that offers merchant services. If you’ll only be accepting cash, this won’t be as important.In addition to a bank account, some small businesses may require commercial financial lending services. If you need to borrow money in order to fund your business, this applies to you. You can get a loan to grow your business from several different sources. All of these loans will require you to develop a lengthy business plan so you can show the investors exactly what you intend to do with the money and how you intend to ensure the growth of the business.The first source for commercial financial lending services is through your bank or another banking institution. Bank direct loans offer competitive rates and it can be helpful to have your finances and your loan all in one place.Another source for commercial loans is through a government guaranteed loan. These loans are available through the Small Business Administration. Although the SBA itself does not fund the loan, they provide counseling and coaching to help you perfect your loan presentation. Once you create the presentation, the SBA will recommend you to a lending institution. Their recommendation can make a huge difference in whether or not you get the loan.A third lending option is through private investors. These are often called angel investors and they can lend you large amounts of money in order to help start your business. These individuals or small groups are looking to help entrepreneurs make their start. Many of them have already had business success and are looking to “spread the wealth.” You can find private investment groups online or by talking with the Chamber of Commerce or Small Business Administration in your area.


Whether you borrow money or not, you’ll need a small business accountant to help you manage your finances. Unless you’re a financial professional yourself, it’s a good idea to use this type of commercial financial service. An accountant can help show you how to better manage your money and get your business into the black as soon as possible.