How a Financial Advisor Can Help You With Your Goals
While investing or retirement planning are areas that a financial advisor can help with, there are many other services an advisor can provide.
When you think of a financial advisor, terms like “investing” or “retirement planning” may come to mind. While those are areas that a financial advisor can help with, there are many other services an advisor can provide. In this article, we’ll talk to Brian Kent, Program Manager at FAIRWINDS Wealth Management, to break down how you could benefit from the help of a financial advisor on your financial freedom journey.
Why connect with a financial advisor?
“A financial advisor is a person employed to provide financial services or guidance to a client. It’s important we don’t make cookie-cutter recommendations with our members. We tailor each meeting, each plan to the unique member that sits before us or meets with us virtually,” explains Brian. “We create plans and assist with goal setting: budgeting, reviewing current investments, helping with 401(k)s, IRAs, and Roth IRAs.”
Additional financial services or guidance can include:
Experience and Knowledge:
Even if you already invest on your own, financial advisors stay up to date on market trends, investment opportunities, and tax regulations, providing you with valuable insights needed to make informed financial decisions.
Goal Setting:
A financial advisor can help you define your financial goals, whether it's buying a home, saving for college, or planning for retirement. They work with you to create a realistic plan to help you pursue these goals.
Review Investments:
A financial advisor can assess your current investments and tailor an investment strategy that aligns with your comfort level, implementing a balanced approach to working toward growing your wealth.
Budgeting and Saving:
They help you understand where your money goes and how you can allocate it wisely to help you work toward financial goals.
When should I connect with an advisor?
“Now!” says Brian. “It’s never too late to start planning. It’s always a good time to speak to a financial advisor with FAIRWINDS Wealth Management, even if you already have one elsewhere, for a second opinion.” After you meet with a financial advisor, it’s a good idea to set a schedule for when you will meet in the future. Brian says, “Some need to meet quarterly, others annually, others on a needs basis.” Talk with your financial advisor for what schedule works best for you and your goals.
Financial advisors can also help during big events in your life, such as:
Life Transitions:
Major life events, such as marriage, the birth of a child, or a career change, often mean adjustments need to be made to your financial plan. A financial advisor can help you navigate these changes and help you make adjustments as needed.
Inheritance:
If you receive a significant sum of money, a financial advisor can guide you on how to manage and invest these funds for your financial future.
Approaching Retirement:
As you near retirement age, meeting with a financial advisor is crucial. They can help you determine if you are tracking toward your retirement goals, analyze your investment portfolio, and work toward planning a financially stable retirement.
Before you make an appointment to connect with an advisor, we recommend completing the Money Milestone Assessment first. Once you’ve achieved the first key Money Milestones, it’s important to connect with an advisor to help you continue on throughout your financial freedom journey.
To set complimentary consultation with a financial advisor with FAIRWINDS Wealth Management, schedule an appointment online.
*The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
All investing involves risks, including loss of principal.
* Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member www.finra.org/ www.sipc.org). Insurance products are offered through LPL or its licensed affiliates. FAIRWINDS Credit Union and FAIRWINDS Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using FAIRWINDS Wealth Management, and may also be employees of FAIRWINDS Credit Union These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, FAIRWINDS Credit Union or FAIRWINDS Wealth Management. Securities and insurance offered through LPL or its affiliates are:
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Not Credit Union Deposits or Obligations
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