Peeling away the layers of investment by ProQuest


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									                                                                   Investment Products

Peeling away the layers of investment
One financial adviser warns against moving assets before committing                                                                          your [effective] return on investment,” he
                                                                                                                                             said. “there may be muiltiple cost layers —
            By Martin C. Daks                                       tolerance for risk, investors need to think about                        including accounting, administrative and other
 investOrs WhO Want to go beyond savings                            some other issues, said Don Humphreys,                                   fees — and identifying them all can be difficult.”
 accounts to grow their money have a range of                       president of Voyager Wealth Management, in                                     an investment vehicle’s diversification
 choices. but besides the basic question of                         harrington Park.                                                         may or may not be important, he said.
 matching an investment vehicle with their                               “beware of hidden fees that can reduce                                    “some investors want a targeted

                                                                                                                                                                                                              Hidden fees and cost layers associated with certain
                                                                                                                                                                                                              investment vehicles can weaken the return on invest-
                                                                                                                                                                                                              ment for investors.

                                                                                                                                                                                                              exchange-traded fund, which focuses on a
                                                                                                                                                                                                              select market,” like oil futures, he said. “Other
                                                                                                                                                                                                              investors may want more diversity. be sure you
                                                                                                                                                                                                              know what you’re signing up for before you
                                                                                                                                                                                                              make your move.”
                                                                                                                                                                                                                    investors also should be clear about
                                                                                                                                                                                                              the difference between financial products,
                                                                                                                                                                                                              like savings accounts, insured by the Federal
                                                                                                                                                                                                              Deposit insurance Corp., and ones that are
                                                                                                                                                                                                              not, according to regulators.
                                                                                                                                                                                                                    “When you meet or talk with a sales
                                                                                                                                                                                                              representative about nondeposit investment
                                                                                                                                                                                                              products, you should be informed that this
                                                                                                                                                                                                              product is not insured” by the FDiC, according
                                                                                                                                                                                                              to a statement on the agency’s Web site.
                                                                                                                                                                                                                    the investor should be advised the financial
                                                                                                                                                                                                              product “is not a deposit or other obligation of,
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