5 Reasons You Need a Financial AdvisorSubmitted by Integrity Capital on December 19th, 2017
Finances can be a tricky subject, especially once you encounter an aspect that you might not be familiar with, or you have difficulty overcoming a financial hurdle. Financial advisors are a great resource that you can utilize so that you don’t have to navigate the fiscal sphere alone. Financial advisors wear a variety of hats, meaning that they often have multiple roles that allow them to contribute insight from multiple perspectives on whatever subject you are hoping to address, including money management, investment counsel, and goal setting. If you are unsure about whether or not you could benefit from the services of a financial advisor in your life, check out these reasons below.
1. You are unsure about your various payments and investments.
Many people are under the assumption that their investments, such as 401ks, are not something that they pay for because they are perceived as employee benefits. However, most of the time you are paying the market expenses or the costs of the company administering the plan. A financial advisor can help analyze all the of the costs that are contributing to your current financial situation.
2. You don’t have a current financial plan or strategy.
The easiest way to alleviate stress surrounding your finances is to create a financial plan. Strategizing can be helpful in ensuring that you know how to approach any financial situation. Financial advisors can assist in looking at these various situations from multiple angles to guarantee that you are ready and have a concrete plan to execute.
3. You need assistance in setting goals.
The future is difficult for many people to think about because it can seem so far off. However, setting achievable goals now will pay off greatly in the future and will give you something to work towards. Goals are beneficial in allowing you to stay on track with your finances and making you feel rewarded in the end. It can be difficult to determine which goals are realistic for your financial situation and which goals will be achievable at certain points in your life. Advisors can evaluate your finances and work with you to create a plan for the future so that you are constantly working to better yourself and your finances.
4. You feel overwhelmed when you start to evaluate your finances.
Money is a hot topic that can make almost anyone nervous. Financial advisors can help alleviate that stress and counsel you through those times of feeling swamped. Don’t attempt to go through that process alone when there are people willing and able to advise you.
5. You aren’t financially secure.
This is not the easiest thing to admit to yourself, but don’t feel alone in this situation. Finances can be difficult to navigate and many people struggle with financial security. A financial advisor will not only serve as a counselor in these situations, but also as support to remind you that you aren’t alone and there are steps to take to work towards financial success.
If any of these resonate with you, contact Integrity Capital. We have a staff specializing in a variety of needs to help you in any financial situation that you may want a fresh perspective on. We are located in Covington, Kentucky and serve the areas of Florence, Kentucky, Cincinnati, Ohio and the greater Northern Kentucky area.