The Importance of Having a Financial Advisor
Jay R. Kemmerer
Fiduciary Advisor, Author, Speaker & CEO at Berkshire Advisors, Inc.
There comes a time in your life when hiring a financial advisor becomes a solid investment in your future, and having a good financial advisor can be pivotal to your financial success.
Financial Advisors have spent their lives learning and researching the best ways to manage money... it is what they do.
How do you know when you have reached the point in your life that you need a financial advisor?
According to David Weliver from moneyunder30.com, he knows you need a financial advisor when:
- You feel “lost” in planning for your financial future and you need a roadmap.
- You just don’t want to deal. When it comes to money, you’re not the DIY type, and you just want a professional to take care of it.
- You like managing your money, but realize that your financial plan would benefit from an impartial and unemotional third-party opinion.
Forbes says that financial planning helps consumers determine whether they are on track to meet their goals and outlines their path to overall financial success. Today financial advisors face the challenge of providing services to address consumers’ complicated financial lives and meeting their demands for fee transparency and value.
- How much should I save for retirement?
- What is the amount of life insurance that I need?
- What type of investments should I own?
- Can we afford a new house?
- Is there a way we can save on taxes?
Most consumers do not have the time to answer these questions and manage their financial needs without a financial advisor that can take the time to understand their total financial picture.
Studies have shown that on average, clients with a financial plan hold 60% more advisory assets than clients without a plan.
A good financial advisor can help you:
- Save for your retirement more effectively
- Plan for the unexpected
- Help you to invest in the long term
- Help you understand the complexities of financial terminologies
- Get the best possible benefit from your investments
Most importantly, a good financial advisor can help you feel secure with your future investments and give you the peace of mind to know you will be taken care of.
For more information visit https://www.jaykemmerer.com/.