It’s not uncommon for people to hesitate when it comes to hiring a wealth advisor or financial planner. The hesitancy is often due to the fact that many people think it’s counterproductive to spend money to have someone else help them make, manage or grow their wealth.
However, if you’re like many Canadians trying to pay down debt, save for the future or grow personal wealth to enjoy now and pass on to the next generation, having a financial advisor on your team can offer a great return on investment.
Professional Advice is Invaluable
Whether you’re a young professional who just starting out, a pre-retiree approaching the big day, or someone who is already retired, taking care of and understanding how to manage your financial assets may not be something you want to take on. And that’s where an advisor can be extremely helpful.
When & Why, You Should Consult with or Hire a Financial Adviser
By employing a reputable financial advisor to help you achieve your goals, you’ll be making an investment in your future prosperity. To that end, the following are just a few of the many compelling reasons to hire a financial advisor.
- You’re getting married or contemplating entering into a common law relationship. You may wish to seek advice about combining your assets with another person’s.
- You’re starting a family and need to begin planning for its future.
- You’ve gotten separated, divorced or have been widowed and are looking for advice on how to manage your finances now you’re single.
- You’re not meeting your savings or other financial planning goals.
- Your debts are overwhelming. An advisor can help you build a realistic budget.
- You know little about investing but want to start. However, you have no interest in doing it yourself. You’re looking for someone else to take care of it all.
- You already have investments and enjoy managing them but feel the occasional opinion and advice from a professional would be welcome.
- You’re at a stage in life, (no matter your age) where you’re ready to start planning for your retirement. Some people begin the process at 20, some in mid-life and others a few short years from their retirement date. It’s never too early or too late to begin to get the advice and tools you need for success.
- Your income/earnings have increased significantly.
- Your parents are ageing and you need help in planning for their care.
- You’ve come into a considerable sum of money. It could be an inheritance, windfall or prize of some kind. What to do with it?
- You need a strategy to minimise your tax liability.
- You own a business.
- You’ll be taking retirement soon and need a professional evaluation of your financial circumstances to find out where you stand and how to prepare for it.
- Yours is a very complex financial situation and you’re finding it difficult to manage all on your own.
- You wish to set up a trust fund or leave a legacy.
- You wish to leave a part (or all) of your wealth to a special cause or charity on your demise.
As you can see, there are many reasons why an individual would want to consider enlisting the help of a personal financial planner or advisor. Even if only one item from the list above is of concern, it’s reason enough to give an advisor a call and have a consultation. Your future is at stake and sound financial advice is one of the keys to securing it for yourself and your loved ones.
Please contact us to get started–we look forward to speaking with you!