It’s no secret that consumer trust in corporations, government, and media has taken a hit in recent years. In an industry that deals with topics as personal as money, we were encouraged to read in a recent study that most financial advisors have “earned their clients’ trust, thus rising above other professions in this era of distrust.”
Unfortunately, it’s common for people to confuse the role of an asset manager with that of a financial advisor. The two are not only very different functions but also produce very different experiences for you – the ‘consumer’ – and can impact how confidently you rely on the advice given.
Working with a financial advisor affords three benefits nearly every individual can appreciate – and their value only grows as does your family or business.
Clarity. Through the process of building a budget and establishing goals, you begin to see more clearly what ‘success’ means for you. A financial advisor helps prioritize what you want from your future and creates a roadmap to help you get there. When you have clarity about the inflow and outflow of resources, you can make informed decisions with your money and understand their implications on broader financial plans.
Confidence. As financial advisors, we strive to help clients build wealth – and use it in a meaningful way. That means you don’t necessarily have to have wealth when you come to us. Regardless of your starting point, you should feel confident that you’re making the best possible decisions with your money. And although there’s certainly no guarantee that you’ll achieve every financial goal on your list, a skilled financial advisor can be a valuable member of your team – fighting alongside you to help make those dreams come true.
Options. In the landscape of investment portfolios, retirement planning, education planning, and more, the number of potential financial vehicles can be overwhelming. Should you invest in stocks? Bonds? Bitcoin? Commercial real estate? Depending on your goals, personal risk tolerance, and time horizon until you’ll need the money, a financial advisor can identify the options that best fit your situation. And, they’ll provide new solutions and opportunities for tax savings you might never have considered.
These benefits might feel intangible, so if you’re looking for a more detailed recap of services a financial advisor provides, you can read those here. However, we work hard to provide a client experience worthy of your trust, and we’re always grateful for the confidence placed in our team.
If we can do anything extra to help or you just want to chat about a new goal or change in life circumstances, well that’s exactly why we’re here.
Blog by Aaron Waters, Wealth Advisor
Category: Financial Service Team