When talking to many of my new clients, one of their biggest hesitations to work with me is that they already have a “Financial Advisor.”  However, after really talking to them and going over their situation with them, they realize they don’t have a financial advisor they have a ‘Investment Junkie’.  The only thing their advisor is helping them with is investing in the stock market and mutual funds.  They use the one size fits all approach.  This should be criminal! Everyone has different needs and a different situation.  Plus, while yes, investing is an important piece of the puzzle, financial advising is so much more than this!

“[Financial advising is]helping people learn how to spend, save, invest, insure,
and plan wisely for the future, to achieve financial independence.”
-Loren Dutton

  1. 1.  Your advisor should teach you about your spending and saving! You both need to be aware of your spending habits so together, you can craft a plan that is best suited for you.  They should be able to help you find money that you are spending, needlessly.

    Additionally, they should help you put money away for savings.  An emergency fund is an important piece of being financially secure.

  2. Your advisor should invest for the future! Your advisor should help you reach your retirement goals. No one wants to be forced to work their entire lives.  Investing is one of the best ways to make your retirement dreams come true.

    They should be helping you put money away for your future.  Please make sure, they are really talking to you and investing in the right places.  They should not be using the ‘one size fits all’ method, but rather what is best for you in your unique situation and risk tolerance.

  1. Your advisor should insure you! The world is full of surprises, no one is guaranteed tomorrow.  Insurance is an important piece of your financial puzzle.  You should have both life and disability insurance to guarantee you and your family’s financial security.
  2. Your advisor should help you plan! The first thing any advisor should do when they sit down with you is get a picture-perfect image of where you are right now and what your goals are for the future. How can your advisor guide you if they don’t know what you have or what your goals are?

Contact my office today for your free, no-obligation review!


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