Working With a Silver Grove Financial Advisor

A Silver Grove Financial advisor can walk you through the investing process and help you move forward with confidence. To get the partnership with your advisor in motion, there are few things to consider.


Choose Between Advisory and Brokerage Services

Silver Grove Financial Group is a registered investment advisor and our broker/dealer is LPL Financial. This means that we can offer you both investment advisory and access to brokerage services. Make sure you understand what each type of service entails when determining which will best help you pursue your investment goals.

Learn more here.


Your Initial Advisor Meeting

Your initial meeting with your LPL advisor is a great time to get know your advisor and ask questions. Check out our guide to preparing for your first meeting with here.


The New Account Agreement

Before any investing takes place, you'll sign a new account agreement with your Silver Grove advisor. Don't sign it unless you thoroughly understand and agree with the terms and conditions it imposes on you. Don't rely on verbal representations from your advisor that aren't contained in the agreement.

To complete the agreement, you'll need to make some critical decisions, such as:

1. Who will control the decision-making?

You can control the investment decisions made in your account or give discretionary authority to your advisor to make them for you.

Discretionary authority allows a third party — your advisor — to make investment decisions based on what he or she believes is best for you. Your advisor doesn't have to consult you regarding the price, type of security, amount, or when to buy or sell. Don't give discretionary authority to your advisor or anyone else without considering whether this arrangement is appropriate for you.

2. How much risk should you assume?

You'll also need to specify your overall investment objective in terms of risk. Risk is the possibility of losing some, or all, of the money you invest. Be sure that the risk level you choose accurately reflects your investment goals.

If you have a high-risk tolerance, you're probably more willing to risk losing money to get potentially better results. If you have a low risk tolerance, you'll probably lean towards investments that maintain your original investment.

Your advisor will also talk to you about other forms you may need to complete.