With your goals defined and your plan in place, you're ready to put you adviser's advice into action. That doesn't mean your financial adviser is through helping you. Most advisers, with the exception of some CPAs and fee-only planners, will work with you throughout the investment process, not only helping you decide how to allocate and diversify your money but also making the transactions.
If you're an active investor and develop specific criteria for making buy and sell decisions with your adviser, he or she may keep in touch with you regularly, updating you on new investment opportunities and offering you specific investment advice in relation to the markets.
Coordinating accounts
If you have more than one investment account, such as a 401(k), an IRA, and a taxable portfolio, an adviser can help you make investment decisions that will keep your accounts balanced and working in concert to help you meet your financial goals. For example, your adviser might suggest ways to balance your long-term investments in your retirement accounts with other investments in your taxable account that are better suited to achieving your more immediate goals.
