7 Reasons You Should Consider a Financial Advisor — Even If You’re Not Wealthy
7 Reasons You Should Consider a Financial Advisor — Even If You’re Not Wealthy
Marina Benitez June 24, 2024
When you hear the term financial advisor, you might picture someone who only works with the ultra-wealthy, managing millions of dollars in assets. This is a common misconception. In reality, financial advisors work with people of all income levels, helping them navigate the complexities of personal finance and achieve their financial goals.
And according to a survey* by MagnifyMoney, 95% of those polled who have a financial advisor believe it’s worth the money.
Whether you’re planning for retirement, dealing with a significant life event or simply looking to make smarter financial decisions, a financial advisor can offer the expertise and guidance you need. Here are some compelling reasons why you should consider a financial advisor — even if you’re not wealthy.
1. You Get Personalized Financial Guidance
Starting to save early and consistently is crucial for building a strong retirement fund. Expert advisors
Everyone’s financial situation is unique, and a one-size-fits-all approach rarely works when it comes to managing money. This is where personalized financial guidance becomes invaluable. Financial advisors tailor their advice to fit your specific needs, goals and circumstances. Whether you’re looking to create a budget, save for a major purchase or plan for long-term goals like retirement, a financial advisor can help you develop a customized strategy.
Imagine having an expert who understands your financial situation inside and out guiding you through important decisions and helping you avoid costly mistakes. With personalized advice, you can feel confident that your financial plan is designed specifically for you, taking into consideration your income, expenses, risk tolerance and future aspirations.
This level of tailored guidance can make all the difference in achieving financial stability and growth.
2. You Can Get Matched With A Financial Advisor for Free
If you’re not already wealthy, getting a financial advisor probably sounds expensive and out of reach. That’s why we like a company called Unbiased. They’ll match you with a financial advisor in your area — for free.
No two people have the same financial situation, which is why Unbiased matches you with the best financial advisor for your specific situation, so you get an expert in the areas you need.
There’s no obligation to hire them, and Unbiased screens every advisor to make sure you’re only getting matched with the best experts.
Want to get a customized financial plan? Just start here to get matched with a financial advisor for free.
3. They Can Help You Navigate Major Life Transitions
Life is full of significant events that can dramatically impact your financial situation. Whether you’re getting married, having a child, receiving an inheritance, facing job loss or divorce — or any number of major events — these transitions often come with complex financial decisions. A financial advisor can be an invaluable resource during these times, providing the expertise and support needed to make informed choices.
Consider the challenges of planning a wedding, buying a home or preparing for a new addition to your family. Each of these milestones requires careful financial planning to ensure you’re making the best decisions for your future. Financial advisors offer guidance on budgeting, saving and investing to meet your changing needs.
By working with a financial advisor during life’s major events, you can avoid common pitfalls and set yourself up for long-term success. Their expert advice ensures that you’re not only addressing immediate concerns but also planning strategically for the future.