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When is the Right Time to Hire a Financial Advisor?

Posted by Nicole Gomes on Jun 21, 2021 1:25:10 PM


You may be wondering if you could benefit from hiring a professional financial advisor. An advisor is beneficial to have but realistically, they can be quite costly. Read along to learn more about when is the right time to hire a financial advisor.

What Is a Financial Advisor?

Financial advisors are professionals who provide financial services and advise clients on decisions related to wealth management and personal finances. Advisors can help you with everything from saving for your child’s college to planning for your future retirement. Here are some of the financial services advisors can assist you with:

  • Setting up investment funds
  • Developing a plan to reach your financial goals
  • Assessing your current financial status
  • Setting up plans for long-term goals including, retirement, college, buying a house, etc.


3 Benefits of Hiring a Personal Financial Advisor

1.       Plan for your Financial Future

When it comes to preparing for your future, financial advisors are exactly what you need. Financial professionals will take the time to sit with you and go through your financial situation to develop a plan to help you reach your financial goals.

2.       Expert Advice

If you’re feeling confused, stressed, or overwhelmed when it comes to wealth management, a qualified advisor will give you advice on retirement planning, investments, estate planning, and your child’s college education. Financial advisors have the knowledge and experience needed to guide you in making the best decisions for you and your family’s future. In some cases, your advisor will even help you buy insurance products.


3.       One-Time Financial Advice

Advisors typically work with people seeking long-term financial services, but they will also work with individuals on a one-time basis to develop a financial plan or answer any question you may have.

Hiring a financial advisor can be expensive, but if you plan accordingly, it can be worth the investment in the long run. When hiring an advisor, make sure you ask the right questions and they understand your bottom-line goals. Finding the perfect advisor doesn’t have to be difficult, contact the financial experts at Satty, Levine & Ciacco, CPAs. P.C. to get started today!


Topics: Tax Season

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