Undeniably, the popularity of online investment has seen substantial growth. This form of e-commerce has produced an unprecedented change in the way many approach their investment routines. The convenience and accessibility of direct stock trading on the Internet has drawn thousands of people into the markets. Some had even begun to suggest that the traditional investment relationship between a financial professional and a client was becoming obsolete. Overall, online investment companies are experiencing a pattern similar to the e-retailers of consumer products and services.
Most people are fairly knowledgeable in their consumerism.
Conversely, most people are not experts in market economics and finance. It is true that most folks, using the Internet, can successfully acquire the services of a plumber or landscaper with satisfactory results. According to Agahi, the answer is no. You don't need to be on an intimate basis with your online grocer, but you do want to have a much closer relationship with your financial professional and people aren't getting that from the online investment sites. For firms like Valentine Capital, which specialize in asset management and tax strategy for high net-worth investors, close, personal client relationships are the very element crucial to success.