How an Advisor Can Add Value to Your Financial Plan

September 10, 2022

In the age of investment apps and do-it-yourself financial solutions, many people question the need for a financial advisor. 

While we agree that it’s great to be well-informed about your wealth plan, there are often limitations when you’re on your own. 

Think of it this way: It’s relatively easy to learn how to change the oil in your car. Do it yourself, and you don’t have to spend $75 at the mechanic. But when it comes to the more significant project, such as replacing your brakes, wouldn’t you rather find a mechanic with a degree and several years of experience? You save hours and hours of your own time, and your car is almost guaranteed to be better off. 

Your portfolio works the same way. 


Why Do You Need a Financial Advisor?

There are several reasons that someone may hire a financial advisor. Here are a few that we encounter the most.


Dedicated Investing Takes Too Much Time

First, a family may be in a life stage where they don’t have the time and energy to get into the details of investments. Our clients have the ability to be successful investors on their own, but that’s not how they would prefer to spend their free time. In this case, it’s worth it to let a professional manage their finances. 

How an Advisor Adds Value: An advisor can handle the complexities of your investment strategy so you can focus on your passions and the things that bring you fulfillment. 


Complex Financial Situations

Another situation we see often is when financial circumstances reach a level of complexity that clients are not comfortable handling independently. This could be any life transition they haven’t experienced before, such as coming into an inheritance or approaching retirement. With unlimited options and limited resources, navigating the best path forward can be challenging.  

How an Advisor Adds Value: An advisor can use your goals and desires to determine a financial strategy that gives you peace of mind. 


Caring For Survivors

We have many client couples in which one spouse tends to make all the financial decisions. The financial decision-maker is confident in his or her ability to manage the family’s money. But, they want to ensure that their spouse is taken care of in the event of their passing. 

How an Advisor Adds Value: An advisor can act as a third-party resource for any financial needs that may arise and help guide the surviving spouse through financial decision-making. 


Find An Advisor Today

If you find yourself in any of these situations or want to know more about your portfolio’s potential when managed by a professional, reach out to us today! 

We would love to connect you with one of our advisors for a no-obligation conversation.



Schedule a Consultation


Past performance may not be representative of future results.  All investments are subject to loss.  Forecasts regarding the market or economy are subject to a wide range of possible outcomes.  The views presented in this market update may prove to be inaccurate for a variety of factors.  These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data.  Please contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.