A financial advisor is a person who can help you manage your money and achieve your financial goals, whether they be private or commercial. If you’re searching for such an individual, you’ll quickly learn that there are many out there, including robo-advisors, online financial advisors, and traditional advisors. They can provide a wide range of services, including budgeting, estate planning, and investment management.
The right registered financial advisor can make a huge difference in your ability to make your financial goals come true. They can help you create a plan, stay focused, and protect your family. The thing is, not all financial advisors are the same. In this article, we’ll take a look at a few of the things your registered financial advisor should be doing for you.
1. Help You Create a Plan
One of the jobs of a registered investment (or financial) advisor is to help you create a plan that works best for you. While you have an idea of what you want to achieve, your financial advisor has the training, knowledge, and experience to help you set that plan in motion. It’s especially helpful if they can form a low-risk plan. Part of your plan should not include extra stress.
2. Offer Advice
In addition to helping you create a plan, a registered financial advisor should be offering objective advice to assist you along the way. They should be striving to ensure that you stay informed. That can allow you to make smarter, fact-based decisions rather than ones based on emotions.
3. Work With Your Best Interests at Heart
A financial advisor shouldn’t recommend anything that could hinder your path to financial success. Instead, they should always work with your best interests at heart. While you might think this would go without saying, there are some advisors out there who work in their own best interest rather than their clients’. When your advisor works with you in mind, you’re more likely to get the best results.
4. Answer Your Questions
There’s a chance that you’re hiring a financial advisor because you’re not sure of the best way to manage your money. You want to make it work for you so that you can reach your specific financial goals. As such, you’ll likely have questions along the way. If your advisor doesn’t have the answer right away, they’ll do the research necessary to provide you with the information you need as soon as possible.
5. Make Things Easier and More Convenient
Another goal of a registered investment advisor is to make things easier and more convenient. Part of that goal involves recognizing the importance of your time. They should only request meetings when they have specific topics they want to discuss. They should have some flexibility in case something comes up that you want to discuss, too. The ability to schedule in-person, phone, or video conference meetings can also be beneficial. At the same time, you should be sure to show that you value their schedule as well by being on time and having some flexibility.
Find the Right Financial Advisor for You
A great registered investment advisor can help provide you with guidance and work with you to manage your money and achieve your financial goals. With a fiduciary duty to you (and their other clients), they must provide you with advice that acts in your best interests. Together, you can create a road map that guides you toward success.
Are you looking for a financial advisor that puts you first and provides unbiased advice that can help protect your assets and allow you to retire comfortably? Sky Oak in Las Vegas is here for you. For more information about how we can help you achieve your financial goals, contact Sky Oak today!