Not everyone needs a financial advisor. But if you are not sure about how your financial assets should be invested, if you make major errors when you invest, you are a candidate for getting professional financial advice.
Fees are the main barrier that keeps people from getting the kind of advice that would improve their financial lives.
But just as doctors get paid for keeping us healthy and lawyers for protecting our interests, getting good financial guidance is worth every penny. Solving our financial problems has a huge impact on our lives. Making sure we don’t run out of money during retirement that can last decades is often people’s biggest fear in life.
People who are in good shape financially may not need assistance. But too many times people need guidance but are reluctant to pay for what they need. Instead, they search the internet, or ask friends or family who are often not knowledgeable. And even if they get good advice, friends and family are not going to create a plan and make sure that the plan is followed. That’s not their job.
That’s were a professional investment advisor comes in. He’s paid to create a plan, to design a portfolio for you, manage that portfolio and alert you in case the plan needs adjusting. Like a physician conducting a periodic physical, a financial professional keeps track of your progress and fixes it when things go wrong.
If you think you may need help, find an advisor in whom you have confidence, pay him a fair fee for his services and you’ll have the peace of mind knowing that your financial future is in good hands.