There’s a misconception that financial advisors only help with picking investments. This belief is not surprising considering too many advisors market themselves as having the ability to generate a strong return.

But a GOOD financial advisor can be much more valuable than this. They should be able to help with a long list of topics outside of just investments. Investing is oftentimes the simplest part of a good advisor’s role.

We have spent most of the week warning about what to watch out for from financial advisors. But, that’s not to say you should never work with an advisor. If you do work with one, you should ensure they can give you unbiased advice, charge transparent fees, AND are able to give advice on more areas than just what investments to pick.

Does everyone need to work with a financial advisor on an ongoing basis? Probably not. You might just want to get a second opinion. Or may need help from time to time when you are navigating unfamiliar situations. Or maybe you just need help getting started.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Vivi & Shane

---------------------------

By: Gabriela Gonzalez
Title: Good financial advisors don’t pick stocks. Here’s what they actually do
Sourced From: www.personalfinanceclub.com/good-financial-advisors-dont-pick-stocks-heres-what-they-actually-do/
Published Date: Tue, 20 Feb 2024 00:29:53 +0000

Read More