If you are not a financial expert, the tendency is to rely on your broker or financial advisor for all your investment advice, whether this be in the form of etf research, mutual fund analysis or stock trading advice. The truth is, what other options are there – the broker is the expert, so why not entrust your portfolio management to him, right? Wrong.
As the recent months have shown, it’s up to each person to take some responsibility for their own financial asset management. If you use a broker or financial advisor, you should be more active in guiding the final investment decisions that are made.
The question is – how can you do this if you are not a sophisticated investor? Well, Jemstep helps you in precisely this situation. Let’s say a mutual fund has a superior return over the past three years, and is recommended to you by your broker. Traditionally you may have simply relied on your broker ‘s investment advice and proceeded with the investment. But now you can compare mutual funds in an instant, taking your specific preferences into account.
Simply search for the mutual fund on Jemstep, input your preferences and in a split second you will see where that fund ranks in the entire mutual fund universe. Out of approximately 18,000 mutual funds, let’s say this one pops up at #16,072. You check out the details and realize that although its return is superlative, this fund’s level of risk is too high for you. You call up your broker and give him the information – or simply share it with him on Jemstep using our collaboration tools. You can also both see which fund was ranked #1 by Jemstep and why. Now you can start a constructive discussion, and hopefully arrive at the best choice for you through Jemstep’s mutual fund analysis.
So if you don’t decide to go it alone just yet, with Jemstep you can participate meaningfully with your broker in choosing the best investments to suit your profile.
We are still in private alpha testing, but will be bringing you our beta version (with mutual funds) in the near future. We’ll keep you updated on progress!
