We take a team approach to managing your wealth.
Conrad Slate, CLU, ChFC, MSFS
Certified Family Business Specialist
Why Do I Need a Financial Advisor?
Not everyone does! OK, now that is said so let’s consider the question. If you do your own taxes, download your legal documents, bank online and have no local banker, make your own investments, and are your own financial advisor, why not be your own doctor (via “internet” MD) and auto mechanic too? Along with your CPA, attorney, banker, etc. A credentialed financial advisor brings a perspective none of the others have, and vice versa. However, only a few states have requirements as to who can promote themselves as a “financial advisor”. A financial advisor who functions as a fiduciary is more than just a “broker” or “wealth manager”. A fiduciary takes an additional responsibility and is accountable to you for the suitability of a recommendation, and working in your best interest, not his or hers. That person is held to a higher standard and must be transparent with regard to the way they do business, including disclosure of fees or conflicts of interest. Your CPA, Attorney, and doctor all have specific education and licensing. A good financial advisor who is also a fiduciary has all that; in addition, they will conduct business in your best interest. You should have no less.
William Parrish, CDFA™
Why do you need a financial advisor? BECAUSE: Financial Planning is More Than Investments!
Tax planning. Income planning. Budgeting both now and in retirement. Estate planning and legal documents. Insurance and risk management. Saving for education. Real estate. Medical expenses and costs before and in retirement. The impact of selling a business or other large asset in retirement. And that’s just the basics for the client we work with as financial advisors. Others need help special needs planning for children**, or caring for ailing parents or spouses***. Others have faced a disability that caused an early exit from their career.
If financial advice were only about investments, a case might be made that a person COULD manage by themselves, but with so many other aspects, having professional help from someone that’s been down the road makes sense.
Rick Disharoon, CFP®, AIF®
Why do you need a financial advisor?
Getting advice from a knowledgeable, objective and trustworthy advisor should be welcomed in all aspects of life. When it comes to matters of money though, even more so, as our emotions and life circumstances can often lead us to financial decisions that hurt us in the long run. A great financial advisor should be someone that brings value and meaning to your financial decision making in life. Most importantly, they should be a resource for the many questions that come up based on life events and they should offer sound advice in a manner that fits your values and beliefs. Over time, this sound advice should provide you with less stress, more knowledge and confidence in your decision making and ultimately more overall wealth.