The Benefits of Having A Financial Advisor
Posted by: Ramsay Wealth Management
Good financial health takes time, effort, and discipline.
For some, the world of finance is like a hobby: They enjoy researching and tracking the market, managing their investments, and designing and following their own plan for reaching their financial goals. Others, however, don’t have the time or desire for thorough, strategic wealth management and may instead seek professional advice. We’ve outlined the benefits of having a financial advisor to help you decide if that’s the right move for you.
People seek a financial advisor for numerous reasons.
But at their core is one commonality: You have a financial goal and want advice for achieving it. A good financial planner works with you to assess your current portfolio, learns where you want to go, develops a personalized plan to get you there, and assists you along the way.
Common financial advisor services include:
- Retirement planning
- Estate planning
- Investment strategy
- Education funding
- Health, life, and disability insurance
Having financial goals is important, especially for things like retirement. Managing your portfolio on a regular basis is crucial to achieving those objectives, but doing so correctly can be stressful and time-consuming.
When it comes to wealth management, a financial advisor offers multiple benefits.
Just like a trainer or coach helps you plan, work toward, and achieve physical goals, a financial advisor does the same for your finances.
Experience and expertise in finance.
Finance is their profession, and they take the time to study market trends and develop informed strategies daily so their clients don’t have to. They’re able to provide expert advice based on years of experience and knowledge.
A realistic plan made specific for your goals.
After assessing your current portfolio, a good financial advisor works to understand your long-term goals and how they can be achieved. Then, he/she works out a plan specifically tailored to you.
Professional coaching of financial behaviors.
Investment performance will fluctuate as the markets naturally do the same. This can cause fear and lead investors to shift assets around, which may be disadvantageous in the long run. Financial advisors use their experience and expertise to keep their clients’ emotions in check, known as behavioral coaching.
Peace of mind.
Combined, these perks give clients peace of mind knowing they have a professional, knowledgeable resource on their side. Rather than stressing over uncertainties, you can bring your questions and concerns to your financial advisor for expert guidance.
Successfully managing personal wealth requires time and energy. While some people enjoy managing their own portfolio in pursuit of financial goals, the complications and effort can be stressful. Remember these key benefits of having a financial advisor when deciding what’s best for you.
Rich Ramsay may be reached at 651-429-3151 or firstname.lastname@example.org.
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.