Whether you are just starting out in your professional life, making an important transition, or beginning down the path of retirement, you are almost certainly going to need to think about your financial situation. No matter where you are in life, and no matter what particular issues you may be seeking to resolve, a financial advisor can help you make strategic choices with your money and feel confident in your decisions. If you’re still on the fence, here are some of the most common reasons to work with a financial advisor.
Speak with an experienced financial advisor from The Templeton Group at Cornerstone Financial Management today. Contact Us
Set Achievable Goals, Establish Realistic Expectations
If you are not a financial professional, understanding what is realistic and what is not when planning your finances and saving your money can be difficult. For example, you may not really know what your current investments can yield or what your tax returns will look like before you receive them. By working with a financial advisor, you can be positioned to quickly grasp what options you have, what actions you can take, and what results you can expect.
Instill Discipline
Many people head for the hills at the first sign of a market dip, pulling out their money and cementing their loss. Others are simply inconsistent in their investment strategy and end up doing their portfolio more harm than good through reckless or sporadic behaviors. A relationship with a financial advisor can help you learn and practice discipline, focus on your goals and long-term objectives, and avoid jumping at every market fluctuation or stock price change.
See the Big Picture
You might seek out an advisor to help you properly invest your money across a variety of securities and end up establishing an IRA to ensure your retirement savings. Or you could seek out financial advice for tax planning purposes and end up investing in a new array of mutual funds and bonds to build a more powerful and flexible portfolio. A healthy relationship with a financial advisor can yield benefits beyond what you might have intended because a reliable advisor will be able to show you the bigger picture and enable you to plan holistically with your finances.
Save Yourself Time and Money
Being well-informed can make all the difference when it comes to your finances. There may be certain actions you can take now to improve your financial position, including making use of certain investment strategies, savings vehicles, and tax advantages you may not know about. A financial advisor can help you fully understand you options and create a plan to work toward your goals.
Save Yourself Effort and Stress
Many individuals are simply exhausted and feel incapable of handling their finances individually. A financial advisor can help those who aren’t interested in incessantly poring over their own finances feel reassured that their money is being invested responsibly, their financial future is being looked after, removing the burden of having to handle these issues on their own.
Get Advice from a Trusted Source
A financial advisor can provide you with useful advice to help plan your finances. They can also help you understand what advice may be worth heeding, can disabuse you of any misleading or dangerous assumptions you might have, and can help you learn what advice to trust or avoid in the future. Many financial planners, such as Investment Advisor Representatives and Certified Financial Planners, have a fiduciary duty to their clients, meaning they are required to provide clients with the information and advice that best serves the clients’ interest—and they can face punishment for failing to do so.
Gain Access to Exclusive Opportunities
Some types of financial opportunities, particularly certain types of investments, are only available to individuals if they have an established relationship with an advisor. Certain mutual funds, for instance, are only available to clients of financial advisors. A trustworthy investment manager, then, can not only help you understand the options you have but can occasionally add to the options you already have.
Speak with an Advisor Today
At The Templeton Group at Cornerstone Financial Management, our experienced financial advisors will work closely with you to build a comprehensive financial plan so you can work toward your specific needs and goals. Contact us today to request a consultation.
