Customer and Supplier Requirements
As an investor today, there are literally tens of thousands of investment products available to the individual and business. These investment vehicles include, but are not limited to: stocks, mutual funds, bonds, certificates of deposits, money market accounts, as well as an extensive list of other options. Also available to the individual and business investor, are hundreds of financial services that are related to the aforementioned investment products. Once again, an exhausting list of financial services are available, with a sample of them included as follows: full service financial planning, investment consulting, insurance evaluation, estate planning, charitable giving and portfolio review and analysis. It is obvious from the products and services listed, that the individual and business customer has numerous options available to them. These products and services are provided by suppliers that work both independently and in cooperation with Financial Consultants, like me. The relationship that exists between the customer, the Financial Consultant (FC), and the supplier is dynamic, customized to the customer's needs, and based on strict requirements. This relationship is also the basis for an in-depth analysis that a Financial Consultant (FC) goes through with both customers and suppliers.
As a FC for RBC Dain Rauscher, I currently work with 154 households comprising 262 accounts. These households are my customers, and as my customers they are held to a set of minimum requirements that I feel are necessary for us to have a successful relationship. Some of the requirements that I ask of my clients include the following.
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