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They offer detailed instructions on what is required of each partner to meet your needs. Investment advising contracts frequently contain clauses that cover the advisor's fee schedule, investment approach, level of risk a client is ready to accept, and other topics.

An investment in a company is a security. It can come in the shape of stock or bond shares, a bundle of loans or mortgages that a financial institution is selling, or a financial instrument that represents an investment in a business or a global initiative.

Three characteristics can be used to describe every investment: safety, income, and capital growth. Each investor must choose the right combination of these three elements. One will be in the lead. The right mixture for you will alter over time as your needs and living circumstances change.

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