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5 Big Benefits of Having a Financial Advisor

In the post-pandemic world, it makes more sense than ever to have a financial advisor who can help you with your financial planning. The pandemic impacted everyone’s life, from personal relationships to the way we handle our finances. Hard financial times require proactive measures and a lot of effort on one’s part. 

If before the pandemic hit the global economy, we felt relatively comfortable with our personal finances and our budget plan, the current situation has dramatically changed the way we relate to money, especially in the long term when nothing seems as safe as it might have been before. This is where a financial advisor could come in handy.

According to the U.S. Bureau of Labor Statistics, the demand for financial advisors is expected to grow 4 percent until 2029. Due to the rise in the population age and life expectancies, financial planning services are set to rise as well. 

And with the uncertainty of the global situation, it only seems natural that more and more people decide to get help in managing their finances. If you’re thinking about doing that as well, let’s take a look at what benefits you will get if you employ a financial advisor and what they mean. 

Do You Need a Financial Advisor?

This is probably the first question that you would ask yourself and the one that will help you decide on getting a financial advisor or not. Take a look at your budget plan, analyze the way your investment portfolio is doing, and if you’re on the right track with your debt payoff

Do they give you a lot of anxiety and doubt that you are not on the right path for the financial goals you set for yourself and your family? If your answer is yes, then how does that fit into your schedule? If you have the time to manage the situation and take proactive steps to lower your risks and get back on track with your goals, then chances are you will be just fine on your own.

According to Forbes, if you have a busy schedule with your career and family life, taking time to do your financial planning by yourself might not be the best solution at this point. If you handled everything well on your own before, that doesn’t mean you won’t be able to do so in the future. But for the time being, a bit of help from a financial advisor might give you some well-deserved peace of mind and also help you save money since a financial professional has some neat tricks up their sleeves. 

Here is what you can expect from employing a financial advisor.

The Key Benefits of Having a Financial Advisor 

1. You will learn more about finances

The truth is none of us are ever 100% knowledgeable in every domain, especially in the financial one, since it requires constant learning. If you’re not professionally trained in finances and not working in this sector, chances are you spend a lot of time and effort finding the best solutions for your investment portfolio, doing budget changes as the financial market fluctuates, and making the best steps towards paying off your debt. A financial advisor does all that work for you and also answers any questions you might have down the road. 

2. Maximize your investment performance with a financial advisor 

Investing in the stock market has its advantages and disadvantages. It can help you make money, but it’s always a risk that you need to consider. While some investments are considered safer than others, not all will give you the best returns as the market fluctuates. 

A financial advisor will provide you with niche investment tricks and track your financial portfolio while finding the best opportunities according to your financial goals. Thus you will always be up to date with the recent news about the stock market. You will know exactly when to buy stocks and when to sell so you can maximize your investment performance. 

3. Reduce your taxes

A key to having better control over your financial situation is knowing the best ways to reduce your taxes and how to do them so that you avoid unnecessary mistakes down the road. 

A financial advisor will take this off your back so you can feel safer and dedicate your time to other things that require your attention. Tax-free and tax-deferred accounts, the right asset locations, and estate tax planning are some of the things that you’ll receive help with from your financial advisor. 

4. Avoid investment and financial mistakes with an advisor

Mistakes are a normal part of life, and they help you learn. But wouldn’t it be better to have an ace up your sleeve so you can avoid making mistakes when it comes to finances? The drops in the stock market will affect your portfolio if you don’t take the right action, and during difficult times, your emotions might impact your decision-making. A financial advisor can give you an objective and rational perspective when you need to make changes, so you’ll avoid emotional decisions that sometimes can come at a great cost. 

5. Keeps you on track with long term objectives 

Staying on track with your financial objectives is not an easy task for anyone, especially if we’re talking about long-term ones. You’re only human, and a lot of things can happen that can make you forget about your budget for big purchases, for example, or your goals to achieve financial independence. But a financial advisor will steer you in the right direction when you are close to abandoning your objectives while at the same time reminding you of each step you need to take to achieve your goals. 

Whether you decide to have a personal financial advisor or not, you should always check your financial health and be proactive when the situation requires you to. If you want to learn more about improving your financial health, here are 6 steps that you can start taking now. 

Are you considering a financial advisor? Make sure you look for a trusted individual who is a fiduciary (work in your best interest) and a certified financial planner (CFP®) professional.

Jason Vitug

Jason Vitug is a bestselling author, entrepreneur, and founder of and His purpose to help others live their best lives through experiential and purposeful living. Jason is also a certified yoga teacher and breathwork specialist and has traveled to over 40 countries.

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