Types of investment firms
You have decided you want to start investing your money and start growing your money for your future. You have been saving money into a savings account but want it to grow. You are probably wondering how should you go about doing this?
Understanding the difference between the types of investment firms you can use to invest your hard earned money is important. Here are your options:
A securities firm is an institution that will process the buying and selling of individual stocks as well as various funds for clients. I work for Hampton Securities and provide both fee-based and advisory fee options.
Bank Mutual Funds
A mutual fund is a professionally managed investment fund that pools money from many investors. You are only offered the mutual funds sold by your institution, not individual stocks, other mutual funds, or ETFs.
When the investor is in charge of making all their own investment decisions.