The Importance of Conventional Investment Managers in 2023
In the ever-evolving landscape of investment management, the role of conventional investment managers remains crucial and indispensable. While new technology and digital platforms have gained prominence and greater usage in recent years, conventional investment managers bring a unique set of skills and expertise that cannot be replicated by automated systems.
Why Conventional Investment Managers Remain Crucial
Educated Expertise
One of the key reasons for the continued importance of conventional investment managers is their ability to navigate complex market conditions.
With their deep understanding of market trends, economic indicators, and financial literacy, these professionals can make informed decisions that go beyond any algorithmic trading strategies.
Personalized Approach
Another important distinction of conventional investment managers is that they offer a personalized approach to client relationships. Conventional investment managers take the time to understand important elements of an investor’s profile such as their goals (both short-term and long-term), risk tolerance level, financial circumstances, and time horizon.
This personalized approach allows a conventional investment manager to tailor investment strategies that align with each client’s specific needs and objectives.
Stable & Trustworthy
Furthermore, conventional investment managers bring a sense of stability and trust to the table. Their experience in navigating various market cycles instills confidence in investors during times of volatility or uncertainty.
Clients value the expertise and track record that these professionals have built over years or decades in the industry.
Work as a Team with Other Trusted Advisors
Conventional investment managers can work alongside their clients’ other trusted professional advisors in a way that automated systems cannot. They provide complementary services alongside tax experts, estate planning professionals, lawyers, and others to achieve the best possible financial solution for each client.
The Future of Conventional Investment Managers
While technology undoubtedly plays a significant role in today’s investment landscape, it is important not to overlook the importance of conventional investment managers. Their unique blend of expertise, personalized approach, and trustworthiness make them invaluable partners for investors seeking to reach their goals and achieve long-term success in 2023 and beyond.
Invest with Our Team at Bloom Investment Counsel, Inc.
Established in 1985, Bloom Investment Counsel, Inc. is a Toronto-based independent, privately-owned boutique investment management firm with experience in managing more than $2.5B in assets over the years. We provide actively managed, customized Canadian and U.S. dividend-paying portfolios for wealthy individuals, family offices, foundations, corporations, institutions, and trusts.
For over 25 years, we have specialized in one thing and strive to be the best at it—investing in income-generating investments, specifically dividend-paying stocks, which can help you generate income if needed, and growth from investing in the stock market. We are happy to share our years of experience with you and/or your other financial partners to help you reach your financial goals. Let’s Talk. Call us at +1-416-861-9941 or email us at info@bloominvestmentcounsel.com
This content is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this content should consult with his or her financial partner or advisor.