Jeff LaBelle Explains Why He Adopts a Personal Approach While Providing Financial Advice

If you’re looking for a financial advisor, you should find someone who will take an individualized approach to your situation. Financial expert Jeffrey LaBelle is going to explain why the personal touch is so important.

Stock markets, along with many other markets, including real estate, have surged to historical highs in recent weeks. While a lot of people have locked up big gains, some are also worried that a market correction could be on the horizon. Markets are always filled with uncertainty, but financial experts may provide clarity. For financial expert Jeffrey LaBelle, that means providing a personal touch. Here’s why:

“There’s no such thing as a one-size-fits-all approach to building an investment portfolio or to mitigate risks. Many factors will impact how you should invest and manage your wealth. For example, someone retiring in five years may want to lower risks and look for predictable income, while someone just starting their career can add some more risk to their portfolio in hopes of locking up big gains.”

Higher risks generally correlate with the chance for higher gains. Apple, Amazon, and Google are all currently considered blue-chip stocks and have enjoyed steady gains in recent years. A few decades ago, however, these tech stocks were seen as high-risk investments. Apple was near bankruptcy at one point, Amazon spent years searching for profits, and it was hard to imagine Google overtaking Yahoo! and other companies early on.

Getting the right mix of risk and reward is important for many investors. It’s hard to find that right mix, however, without first considering your situation, timelines, risk capital, and other factors. Any portfolio should be based on an objective and thorough examination of the client and their needs.

“I spend a lot of time getting to know my clients,” Jeffrey LaBelle points out. “It’s not just about building a relationship, although that’s important. By understanding the individual situation of my clients, I can help them craft a financial plan based on their individual risk tolerance, investment objectives, and time horizon, and one that they’re comfortable and familiar with.”

Jeffrey LaBelle On What to Consider When Buying Assets

Looking to add some assets to your portfolio? Talking with financial advisors? There are a variety of things you should keep an eye on.

“First, you want to step back and examine the market objectively. Warren Buffet is famous for his value investing and finding undervalued stocks,” Jeffrey LaBelle notes. “You may be able to find undervalued stocks yourself by looking at P/E ratios and other factors.”

Another factor to consider is any associated management fees. If you’d rather take a hands-off, low maintenance approach, the right stock index funds, which are tied to a specific index like the NASDAQ Composite, may feature low fees and somewhat predictable long-term performance.

Jeffrey LaBelle says that “If they’re struggling to outperform markets while also charging high fees, your money may be better invested elsewhere. Once you find someone with a good track record and reasonable fees, you can discuss specifics.”

Jeffrey Labelle offers Investment Advisory Services through Kovack Advisors, Inc. an SEC Registered Investment Advisor, 6451 N. Federal Highway, Suite 1201, Ft. Lauderdale, FL 33308 (954) 482-7771. Gulf Coast Wealth Advisors is not affiliated with Kovack Advisors, Inc. Jeffrey Labelle is registered as an Investment Advisor Representative in Florida. Past performance may not be indicative of future results. Note that fees and costs are paid whether you make money or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments. The NASDAQ Composite is a stock market index that includes almost all stocks that are listed on the NASDAQ Exchange. Please seek advice from a qualified professional regarding your individual finance.