{"id":1187,"date":"2020-01-28T08:30:00","date_gmt":"2020-01-28T13:30:00","guid":{"rendered":"https:\/\/www.ramsaywealth.com\/blog\/?p=1187"},"modified":"2020-02-11T14:42:50","modified_gmt":"2020-02-11T19:42:50","slug":"the-benefits-of-having-a-financial-advisor","status":"publish","type":"post","link":"https:\/\/www.ramsaywealth.com\/blog\/2020\/01\/28\/the-benefits-of-having-a-financial-advisor\/","title":{"rendered":"The Benefits of Having A Financial Advisor"},"content":{"rendered":"\n<p><em>Good financial health takes time, effort, and discipline.<\/em><\/p>\n\n\n\n<p>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\u2019t have the time or desire for thorough, strategic wealth management and may instead seek <a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">professional advice<\/a>. We\u2019ve outlined the benefits of having a <a href=\"https:\/\/www.ramsaywealth.com\/about-us\/meet-team\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">financial advisor<\/a> to help you decide if that\u2019s the right move for you.<\/p>\n\n\n\n<h2><br><strong>People seek a financial advisor for numerous reasons.<\/strong><\/h2>\n\n\n\n<p>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 <a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/financial-planning-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">assess your current portfolio<\/a>, learns where you want to go, develops a <a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">personalized plan<\/a> to get you there, and assists you along the way.<\/p>\n\n\n\n<p>Common financial advisor services include:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/retirement-plans-401k-sep-simple-ira\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Retirement planning<\/a><\/li><li><a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/estate-planning\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Estate planning<\/a><\/li><li><a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/investments\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Investment strategy<\/a><\/li><li><a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/education-funding\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Education funding<\/a><\/li><li><a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/health-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Health, life, and disability insurance<\/a><\/li><\/ul>\n\n\n\n<p>Having financial goals is important, especially for\nthings like retirement. Managing your portfolio on a regular basis is crucial\nto achieving those objectives, but doing so correctly can be stressful and\ntime-consuming. <\/p>\n\n\n\n<h2><br><strong>When it comes to wealth management, a financial advisor offers multiple benefits.<\/strong><\/h2>\n\n\n\n<p>Just like a trainer or coach helps you plan, work\ntoward, and achieve physical goals, a financial advisor does the same for your\nfinances. <\/p>\n\n\n\n<h4><br><em>Experience and expertise in finance.<\/em><\/h4>\n\n\n\n<p>Finance is their profession, and they take the time\nto study market trends and develop informed strategies daily so their clients\ndon\u2019t have to. They\u2019re able to provide expert advice based on years of\nexperience and knowledge.<\/p>\n\n\n\n<h4><br><em>A realistic plan made specific for your goals.<\/em><\/h4>\n\n\n\n<p>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 <a href=\"https:\/\/www.ramsaywealth.com\/financial-planning\/financial-planning-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">plan<\/a> specifically tailored to you.<\/p>\n\n\n\n<h4><br><em>Professional coaching of financial behaviors.<\/em><\/h4>\n\n\n\n<p>Investment performance will fluctuate as the markets\nnaturally do the same. This can cause fear and lead investors to shift assets\naround, which may be disadvantageous in the long run. Financial advisors use\ntheir experience and expertise to keep their clients\u2019 emotions in check, known\nas behavioral coaching.<\/p>\n\n\n\n<h4><br><em>Peace of mind.<\/em><\/h4>\n\n\n\n<p>Combined, these perks give clients peace of mind\nknowing they have a professional, knowledgeable resource on their side. Rather\nthan stressing over uncertainties, you can bring your questions and concerns to\nyour financial advisor for expert guidance.<\/p>\n\n\n\n<p>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 <a href=\"https:\/\/www.ramsaywealth.com\/about-us\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">financial advisor<\/a> when deciding what\u2019s best for you.<\/p>\n\n\n\n<p>  Rich Ramsay may be reached at 651-429-3151 or rich@ramsaywealth.com.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ramsaywealth.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">https:\/\/www.ramsaywealth.com\/<\/a><\/p>\n\n\n\n<p style=\"font-size:11px\">This material was prepared by\nMarketingPro, Inc., and does not necessarily represent the views of the\npresenting party, nor their affiliates. This information has been derived from\nsources believed to be accurate. Please note &#8211; investing involves risk, and\npast performance is no guarantee of future results. The publisher is not\nengaged in rendering legal, accounting or other professional services. If\nassistance is needed, the reader is advised to engage the services of a\ncompetent professional. This information should not be construed as investment,\ntax or legal advice and may not be relied on for avoiding any Federal tax\npenalty. This is neither a solicitation nor recommendation to purchase or sell\nany investment or insurance product or service, and should not be relied upon\nas such. All indices are unmanaged and are not illustrative of any particular\ninvestment.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>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. &hellip; <a href=\"https:\/\/www.ramsaywealth.com\/blog\/2020\/01\/28\/the-benefits-of-having-a-financial-advisor\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[118,161,6,179,253,172],"tags":[313,314,294,214,163,227,307,183,170,315,285,277,162,186,300],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Benefits of Having A Financial Advisor | Ramsay Wealth Management<\/title>\n<meta name=\"description\" content=\"Does your financial plan match your goals? Learn more about the benefits of having a financial advisor. A wealth management expert may be right for you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ramsaywealth.com\/blog\/2020\/01\/28\/the-benefits-of-having-a-financial-advisor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Benefits of Having A Financial Advisor | Ramsay Wealth Management\" \/>\n<meta property=\"og:description\" content=\"Does your financial plan match your goals? Learn more about the benefits of having a financial advisor. A wealth management expert may be right for you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ramsaywealth.com\/blog\/2020\/01\/28\/the-benefits-of-having-a-financial-advisor\/\" \/>\n<meta property=\"og:site_name\" content=\"Ramsay Wealth Management\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-28T13:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-11T19:42:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ramsaywealth.com\/blog\/wp-content\/uploads\/2020\/02\/Benefits_Of_Having_A_Financial_Advisor_Ramsay_Wealth_Management_850x288.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"288\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ramsay Wealth Management\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ramsaywealth.com\/blog\/#website\",\"url\":\"https:\/\/www.ramsaywealth.com\/blog\/\",\"name\":\"Ramsay Wealth Management\",\"description\":\"Financial Services\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ramsaywealth.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.ramsaywealth.com\/blog\/2020\/01\/28\/the-benefits-of-having-a-financial-advisor\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.ramsaywealth.com\/blog\/wp-content\/uploads\/2020\/02\/Benefits_Of_Having_A_Financial_Advisor_Ramsay_Wealth_Management_850x288.jpg\",\"contentUrl\":\"https:\/\/www.ramsaywealth.com\/blog\/wp-content\/uploads\/2020\/02\/Benefits_Of_Having_A_Financial_Advisor_Ramsay_Wealth_Management_850x288.jpg\",\"width\":850,\"height\":288,\"caption\":\"Are you on the path toward reaching your financial goals? 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