Many financial matters you and your family may come across can be quite complex. This could involve building an investment portfolio, preparing for retirement, protecting your estate so you can pass it on to your children and even more. A Financial Advisor can help you make sense of many different types of financial topics and issues and holistically examine your financial situation, helping you craft a financial plan to ensure you make decisions that are in line with your larger goals. There is no specific age, career point or salary level when it becomes apparent that you need a Financial Advisor. Generally speaking, when your financial life is more complicated than simply depositing your pay cheque and taking out money, it is time to find a financial advisor.
In short:’ Do you need a Financial Advisor?’ The answer is most likely, yes. Especially if you answer “yes” to any of the following questions.
1. Are you retiring soon? – Maximizing retirement income requires smart decisions around
complex topics such as tax implications.
2. Do you manage your own investments? – Individual investors should check their strategies
with unbiased third parties. You may be overlooking opportunities or pitfalls in your
3. Do you have children? – Whether you’re saving for university or planning their inheritance,
there are several ways to ensure your children are taken care of.
4. Have you inherited money? –It can be difficult to manage sudden increases in wealth. These
cases if not managed properly, often leads to quick bankruptcy.
5. Are you going through a divorce? – Untangling finances in a divorce can be messy. Impartial
advice is key.
6. Do you want to build wealth? – If you’re still decades from retirement, good decisions today
can add thousands to your retirement accounts.
7. Do you have debt? – The last thing you want to do is leave your family with your debt after
you pass on or worse yet leave them homeless in cases of home loans.
8. Is your family dependent on your income? – Look at insuring the one thing that pays for all
our expenses including our insurance and that is our income.