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Your financial advisor should be much more than the implementor of your retirement plan. They are your financial thought partner, avid listener and trusted provider of sound, strategic guidance.READ THE ARTICLE
Your financial advisor should be much more than the implementor of your retirement plan. They are your financial thought partner, avid listener and trusted provider of sound, strategic guidance. Most notably, with their help, the goal is to reach financial peace of mind so that you can spend more time focusing on what matters most to you.
More than meets the eye: When it comes to the value you receive from your advisor, financial planning should just scratch the surface. The benefits of working with a professional financial advisor can in fact be viewed as an entire hierarchy, in the order of:
📌Encouraging consistent and increased savings
📌Encouraging consistent investment
📌Managing expectations and behavior
📌Managing costs and fees
A depth to better decisions: Above all, this hierarchy means following a fiduciary standard and putting your (the client’s) needs first. Even beyond the values listed here, a financial advisor can guide you through behavioral finance bias, and ultimately, help you make better financial decisions. If you think the biggest benefit of working with a financial advisor is their stock-picking advice, you have it backwards.