WHY YOU NEED A FINANCIAL ADVISOR
6 major benefits of working with a wealth manager
When it comes to managing your finances, the thought of hiring a financial advisor might feel unnecessary or even intimidating. If you’ve grown up with (or just grown used to) the internet, it’s easy to believe you can manage your investments on your own. Even those who want help often fear that working with a financial advisor will be too costly or time consuming, or that they won’t be taken seriously.
The truth is, partnering with a financial advisor can be one of the most important steps you take toward securing your financial future. Here’s why:
1. Help maximize your returns
This one is pretty cut and dry. Research consistently shows that individuals who work with a financial advisor achieve better returns on their investments. The reason? Timing the market is incredibly difficult—if not impossible—especially when your emotions are involved. Markets can be volatile, and when you see your hard-earned money taking a dip because of an unexpected event, like an economic downturn or even just employment stats on a random Tuesday, the instinct is often to pull your money out. But this emotional reaction can lead to poor decisions, which can seriously harm your long-term returns
A financial advisor acts as a buffer, helping you stay the course when things get tough. They’ll guide you through difficult moments, talk you off the ledge, and help ensure you don’t derail your investment plan based on short-term market fluctuations.
2. Do more with what you have
One of the most common misconceptions is that financial advisors will tell you to downgrade your lifestyle or chastise you for your spending habits. In reality, a good financial advisor is there to help you achieve more than you might think possible with the funds you have available today. They’re not there to slap you on the wrist or judge; they work with you to create a plan that fits your goals, helping your money work harder for you.
A financial advisor can put together the pieces of your financial puzzle—organizing your finances, ensuring your assets are properly titled and invested, and making sure your beneficiaries are up to date—so you have a clear plan. This kind of personalized investment planning not only helps you stay organized but also helps protect your assets from unnecessary taxes or legal complications.
Additionally, a financial advisor has access to robust tools and calculators that you may not even know exist, which can help you better understand your financial situation and make more informed decisions.
3. Guidance through market volatility
The emotional stability provided by a great financial advisor can’t be overstated. The markets will always have ups and downs. Whether it’s a global pandemic, geopolitical tensions, or disappointing economic data, there will always be something causing volatility. A financial advisor helps you keep perspective during volatile times, ensuring you don’t make reactive decisions that could hurt your financial future.
They know what works, which levers to pull, and how to help keep you on track with your long-term plan. When you have a concrete plan in place, it’s easier to stay calm during market downturns and make the most of peaks, because you know you’re working toward a defined goal.
4. A relationship that goes beyond numbers
When you work with a financial advisor, you’re not just getting financial advice—you’re building a relationship with someone who genuinely cares about your success. Unlike a faceless online platform, your advisor knows you personally. They know your family’s names, your goals, and your dreams. When you call us, you’re speaking to a human who is invested in your success, not just in your portfolio.
This personal relationship can make all the difference when it comes to managing your finances. Your advisor is someone who can give you personalized answers to your specific questions and, if you’re working with a fiduciary, someone you can trust to have your best interests at heart.
5. Financial confidence for your family
A full-service financial advisor doesn’t just help you manage your investments—they help protect your family and your legacy. They can draft the necessary financial documents and specify beneficiaries to help ensure that your assets are distributed according to your wishes, help ease the stress on family members when you pass, and even help protect your loved ones from making poor financial decisions in the future.
6. You don’t know what you don’t know
Finally, one of the biggest benefits of working with a financial advisor is that they can help you navigate the unknown. There’s a lot to consider when it comes to managing your finances, and it’s easy to overlook important details. A financial advisor has the expertise and experience to spot opportunities and risks that you might miss on your own.
If you’re looking for more than generalized answers—if you want personalized guidance tailored to your unique situation—a financial advisor can provide the insight and direction you need to help you achieve your financial goals.
If you want to take control of your financial future and help maximize your potential, consider working with a financial advisor. The financial confidence , truly personalized guidance from someone you trust, and long-term financial success you’ll gain are well worth the investment.
Have questions about what it’s like to work with a wealth manager, and if you’d be a good fit for one of our advisers? We’d love to hear from you and help you plan for the life you dream of.