Author: Kristi Krepel, Senior Advisor, Private Client Services
According to the CNBC Invest in You survey, the majority of Americans are making financial decisions about their future without the experienced guidance of a professional. For some, their approach to financial management may be based on a misunderstanding about the services that a financial advisor can provide.
“They think it’s specifically about managing money and not about receiving financial advice and financial planning,” said Douglas Boneparth, author of the book “The Millennial Money Fix” in a statement to CNBC.
In reality, financial advisors are trained to take a holistic look at your financial situation. That means they consider where you are today, where you want to be in the future and your current finances to create a plan or approach designed to help you meet your goals. Your financial advisor can even help hold you accountable, ensuring you remain on track regarding budget, savings, purchases and investment decisions.
To help you make the most of your money now and into the future, your financial advisor may be able to guide and assist you in many areas related to financial management, not just retirement or investing. This may include:
In the end, whether you are just starting out in life or have already built a sizable legacy, a financial advisor has the tools, training and experience to help you make the most of your funds today, while planning for a secure future.
When it comes to selecting a financial advisor, the number one criteria for most, according to a survey conducted by Qualtrics, is trust. However, people also look for an advisor with a good investment track record and one who offers personalized customer service.
Before you decide on a financial advisor, be sure you’ve chosen someone who understands your future goals. You should also be comfortable discussing personal matters. Ideally, your financial advisor should be with you for the long haul, so it’s important to find someone who is compatible, knowledgeable and skilled in all aspects of financial planning.
About the Author:
Kristi is a Senior Advisor in Private Client Services at FNBO Wealth Management. She strives to build lasting relationships with her clients so they feel comfortable trusting us to help them reach their financial goals no matter what stage of life they’re in. Kristi focuses on financial and estate planning as well as administration of Trusts, IRAs, investment management accounts, agencies, foundations and endowments.
This material is provided for informational purposes only. It does not constitute legal, tax, accounting, investment, insurance or other professional advice. All expressions of opinion are subject to change without notice in reaction to changing market, economic or political conditions. Information contained herein from third parties is obtained from what are considered reliable sources. However, although it is intended to be accurate, its accuracy, completeness or reliability cannot be guaranteed. Linking to any third-party materials in no way implies an endorsement or affiliation of any kind with any third party. This material was created as of the date indicated and reflects the author’s views as of that date. Neither the publisher nor any other party assumes any liability for loss or damage due to reliance on this material.
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