Episode 5-What is a Financial Advisor

Have you ever wanted expert help with your finances but felt you didn’t have enough money to hire an advisor? Financial advisors aren’t just for the wealthy—they also help everyday people achieve their financial goals.

A financial advisor is a professional who is paid to offer financial advice to clients. Just as you would hire an architect to create a plan for your home, you hire a financial advisor to create a plan for your finances. It’s all about paying someone for the expertise you need to reach specific goals. In this case, a brighter financial future.

Services Offered by Financial Advisors

The types of services offered by different financial advisors will vary. There’s no one-size-fits-all model, so it helps to understand the common services many professionals offer. All in all, the best financial advisors have a vested interest in the whole of your financial life and will help build a road map for your ongoing financial health. Here’s what you should look for:

  • Investment advice
  • Saving for college
  • Debt management
  • Budgeting
  • Retirement planning
  • Estate planning
  • Long-term care
  • Tax planning

The top financial advisors will always be those who offer the depth and breadth of services you both need and will use. When comparing advisors, be sure to also compare their offerings to your current needs and needs you might have in the near future.

Do I Need a Financial Advisor?

Now that you know what a financial advisor does and the different capabilities they can offer clients, you probably have a good idea of whether you’d find a financial advisor helpful.

No matter your current financial picture, there’s a type of financial advisory service out there that’s the right fit for your assets and goals. Your next step is doing the research, evaluating your options and taking the next step toward financial success.

Episode 5-What is a Financial Advisor f. Marcus Fryor, CFP

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