Some people think that financial advisors are only needed by very rich people or those who are facing a financial problem. Some also believe that they can easily manage their finances because they don’t have that much money or many assets. However, nowadays people are more aware of the importance of quality financial advising and planning, and this is why more people are seeking the help of financial advisors by visiting financial advisor NYC and reviewing best financial advisor nyc. In this article we will highlight ten signs that you need a financial advisor marketing plan:
You have just experienced or will experience a life changing event:
If your family’s situation is going to change then your financial situation will change as well. Marriage, having a child, going through a divorce and paying for child support involves a lot of financial issues that would disrupt the harmony of your financial situation. If you are dealing with a death in the family or have been diagnosed with a life-threatening medical condition, then you must seek the advice of a financial advisor. They will help you come up with a financial plan that allows you to go through the situation with the least losses.
2. You have major goals, but you don’t have the time or the knowledge to make them happen:
A lot of people have great ideas concerning managing their money but don’t know how to do it. A financial advisor will help you attain your money goals by showing you the big picture. You will receive advice on whether you should focus on one financial goal, work on multiple ones simultaneously, what are the best investment options for you and what you should completely avoid.
3. You are getting ready to retire:
Someone who is getting ready to retire will require a different investment allocation plan from someone who is just starting their career. It is very important to seek financial advising in that situation because a financial advisor will help you identify your future needs and how to cater for them.
4. You don’t understand a lot about your financial portfolio:
A lot of people don’t try to understand the nature of the investment tools included in their financial portfolios but are still required to take sound decisions about them. That is why a financial advisor’s job is to simplify all this complicated investment information and explain it to you in a way that you would understand so that you can make better decisions.
5. You don’t know what your investments are costing you:
Many people think of investments as tools that would help them earn money. But investment tools cost some money too. A financial advisor’s job is to measure the cost against the revenue and provide you with the best options that would maximize your financial benefits.
6. You have just won or inherited a large sum of money:
A lot of people do a good job in managing their day to day expenses but tend to get overwhelmed when they have to deal with large amounts of money. If you have just won or inherited a large amount of money, a financial advisor will help you to invest it in the best way possible. They will tell you how much to invest and where and what is the amount to put exactly in paying off your current debts if you have any.
7. You are just not good with money issues:
Some people are just not good with their money and are always in debt no matter how much money they make. If this is the situation, then you must consider hiring a financial advisor. A financial advisor will provide you with the best budgeting plan and will analyze your spending scheme. He will also inform you of the best investment tools that would save your current situation. Of course, you will have to do a lot if you want to improve your financial situation but a good financial advisor will help you.
8. You are not sure how to allocate your assets in case of death:
Planning and preparation are the jobs of a good financial advisor. In the case of your death, there should be a clear understanding of how your assets and your resources will be allocated. While the financial advisor is not a lawyer and will not write your will, he will help you on deciding how to do so.
9. You are dealing with a financial trouble:
You don’t have to be bad with money to suffer from financial trouble. A family emergency or a medical crisis can disturb the balance in your financial situation. A financial advisor will help you to make sound decisions that you might not be able to make under pressure.
10. You are freaking out because of stock market changes:
If you are taking things in your hands, you would probably feel very anxious every time something changes. This is because you don’t have the knowledge to focus on the long-term goals. A good financial advisor will help you build a diversified portfolio that would allow you to focus on your long-term money goals.