Investment Advice 

Investment advice is just one small piece of financial planning. It has to do with where you put your money and can include picking funds inside your 401(k) plan, choosing stocks and bonds, and evaluating the risks of putting your money into a new business venture.

Investment advisors usually have a specialty such as managing bonds, stocks, creating and managing options strategies, or managing mutual funds using an asset allocation approach. Some investment advisors specialize in doing due diligence and screening other advisors to pick the right type of advisor for each category.

Always ask an investment advisor what their specialty is before hiring them. Be cautious of someone who says they invest in every investment type because no investment advisor can be good at everything. A good investment advisor knows when to seek outside expertise for certain parts of your portfolio.