Do You Really Need a Financial Advisor?
5 Signs You Are Ready to Hire A Financial Advisor
Before even thinking about hiring a financial advisor there are some things that you need to take into consideration. For one, you need to have a good understanding of what a financial advisor does. Even more so, it’s important that you are ready to take this next step with an advisor you can trust. Here at AO Wealth Advisory, a financial advisor doesn’t just tell you how to spend your money. As a team, we learn about you, get to know your goals. Only then can we help you to pick a financial path that best fits your goals and lifestyle. There are a few key signs you are ready to hire a financial advisor, but here are 5 that we feel are most important.
You Are Committed to Invest in Retirement
Retirement may not be the most exciting topic for many, but the idea can start small. Once you understand that the commitment to retirement planning is investing in the future, you may be ready to talk to a financial advisor. By working with a financial advisor, you will have a guide to help you decide which retirement plan best suits your needs.
AO Wealth Advisory is committed to educating our clients in efficient retirement strategies. While most people should contribute to their company’s 401k plan if there is one available, there are also other retirement savings accounts to consider. Financial advisors also work to help you understand tax diversification and create a strategy that will best manage your different various plans’ tax implications. Adding to different accounts that have different tax treatments can help prepare for the unexpected. Work with your financial advisor to plan for your retirement more efficiently.
If You’re Looking to Prepare for the Unexpected
When an unexpected event occurs, a financial advisor can help you evaluate the situation. At AO Wealth Advisory, we consider ourselves partners to help our clients develop a strategic and effective way to deal with the unexpected; other than just pulling from your emergency fund. While a financial advisor can help build a strategic saving plan, at AO Wealth Advisory, we also work with clients to develop budgets that allow more “wiggle room.”
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You’re Looking for Steady Guidance Through Market Changes
2020 has been a year of unexpected events, and many are feeling the pain of investing mistakes they made during uncertain times. It is very important that investors do not base their decisions on the news of the day, and think of their long term goals. By working with a financial advisor, you will be able to calm your nerves and hello evaluate what truly is the best option for you. If you’re sick of the volatile emotional investments, a financial advisor is the way to go.
If You Want to Focus on What You Enjoy
Let’s face it, some people do not find the complex investment terms and strategies thrilling to study. But for a professional financial advisor, like AO Wealth Advisory, we thrive in creating intelligent strategies that pay off. A responsible financial advisor will work with you to not only guide you and your financial goals, but also help you increase your knowledge about their purpose, pros and cons, and price.
Your Financial Goals Are to Earn, Invest, Then Give.
The team at AO Wealth Advisory is committed to helping clients maximize what they earn, invest wisely & give generously. We believe that your financial well being should have a purpose for good. Our approach to financial planning is personal, and simple:
Establish a client-planner relationship
Gather client data and goals
Analyze and evaluate your financial status
Develop and present financial planning recommendations and/or alternatives
Implement your financial plan
Monitor your financial progress
So if you are showing most, or really any of these signs, it may be time to talk to a reputable financial advisor. Yes, working with a financial advisor does come with an investment, but it is important to find a plan that fits your goals. At AO Wealth Advisory, we may not be the perfect fit for every investor, but we’re happy to sit down and talk through your goals. We’re here to help you earn, invest and give.