The key to diversification is to not put everything in one investment. There can be benefits to having one investment firm manage your investments. However, an investor may decide to invest with more than one firm to access a wider range of investment options. Benefits of having everything with one firm might include convenience and the ability for one firm to help you with investing decisions and annual check in to assess for any changes to be made to investing decisions. Here’s more about what you can expect from your financial representative.
One of the basic principles of investing is to ensure that your investments are diversified to reduce the risk of your portfolio. This is usually done by choosing a mix of investments.