1. Advisors can maximize your retirement savings
Retirement might seem like a distant goal, but it arrives faster than you think. The key to a secure and enjoyable retirement is starting early, setting clear goals and developing a well-thought-out financial strategy.
Starting to save sooner gives you more time to take advantage of the power of compound interest to grow your savings, especially with American life expectancy nearing 80 years. However, understanding how to invest wisely, save consistently and manage market volatility all on your own can be challenging. That’s where an expert opinion comes in.
If you’re struggling with where to start, Advisor.com can help you find a financial advisor in just a few clicks. Advisor.com combs through a database of thousands of fiduciary experts then matches you with those best suited to meet your needs.
Whatever you choose, a financial advisor can take care of some of the heavy lifting — analyzing markets, rebalancing portfolios and optimizing investments — so you don’t have to. Importantly, a good advisor will help you make sense of your retirement goals over decades of saving.
2. Advisors can be more accessible than you think
The richest Americans know that you need to invest money to make more money. That’s probably why over 90% of the country’s wealthiest individuals have a financial advisor, according to Bank of America.
The ultra-rich rely on financial advisors for a range of reasons, including a sense of preparedness for the future, tax strategy, reduced stress, estate planning and the ability to focus on what matters most.
However, financial advisors aren’t only for the wealthy. With a bit of help, it can be easy to find a financial expert who suits your needs.
With Advisor.com, you can find thousands of registered advisors through a simple online portal that connects you with a financial expert who can help you make the most of your money. Here’s how it works in 3 easy steps:
- Step 1: Answer a few quick questions about yourself and what you would like help with.
- Step 2: Advisor.com will match you with a vetted advisor who can provide you with a personalized plan to meet your financial goals.
- Step 3: Book a free, no-obligation consultation to confirm if your match is right for you.
And the best part? There’s no fee to find an advisor.
All in all, advisors are essential for everyday investors and anyone with a sizable nest egg seeking guidance on their investment strategy. Whether it's purchasing real estate, starting a business or re-allocating assets to hedge against market volatility, a financial advisor provides the expertise needed to make informed decisions, manage risks and navigate complex financial landscapes.
Partnering with a qualified financial advisor also gives you access to professional networks, exclusive investment opportunities and comprehensive wealth management strategies that can align with your long-term financial objectives.
3. Advisors can help you navigate life’s twists and turns
Having a financial advisor can make managing the unexpected in life easier.
For instance, imagine that you receive part of the $105 trillion that is expected to be passed down over the next 25 years to Americans in the largest intergenerational wealth transfer in history. Even a small part of that transfer is a lot to manage on your own. Alternatively, picture that you’re planning a college fund, going through a divorce or preparing to buy a home. These are some of life’s biggest moments.
During these milestones, a financial advisor is essential as they can have a significant impact on your financial future.
A trusted advisor provides clarity on how to best allocate new assets, protect your wealth and ensure your financial decisions align with your long-term goals. They offer guidance on tax implications, risk management and investment strategies to make sure you are making the most informed choices possible.
By working with a vetted financial advisor during these pivotal moments, you gain the insight and strategic planning needed to navigate life’s transitions successfully, ensuring your financial future remains secure regardless of what changes come your way.
Is a financial advisor worth it?
Despite popular misconceptions, financial advisors are not only affordable for the rich and famous.
Some may be reluctant to work with an advisor due to concerns about fees or the belief that they can manage on their own. However, the peace of mind an advisor brings can far outweigh these worries, especially for those with complex financial situations or large portfolios.
A financial advisor offers expertise in investment management, tax planning and asset allocation, helping you grow your wealth while mitigating risks.
For those looking for a customized plan to build their net worth, an advisor creates a tailored strategy that aligns with your specific goals. This can help to bring you closer to the future you see for yourself.
Find the right financial advisor for you
Moving confidently toward your personalized financial future starts with the crucial step of selecting a financial partner who will walk alongside you. But with almost 400,000 financial advisors in the nation, finding one for yourself can be a tall task.
Keep in mind that when you find an advisor who fits your investment style, you’ll likely work with each other for years, if not decades. As such, it’s important to remember that you need to find someone that you like, trust and want to do business with.
Selecting the right advisor for your needs is simple with Advisor.com. Their platform connects you with a pre-vetted financial advisor in your area. All of Advisor.com’s experts are fiduciary advisors. This means they must, by law, put client interests ahead of their own.
