Managing your own financial planning VS using a financial advisor

Jun 8, 2022 | Finance

Deciding between using the services of a financial advisor or managing your own financial planning and investments is a big one. Many who would benefit from working with a financial advisor, don’t seek professional advice or mistakenly think they don’t need it. Often the people who decide to
handle it themselves end up neglecting their finances and/or planning.

Properly managing your investments and making the right financial decisions takes time, skill, and effort. It’s not a one-time thing either. Professionals, executives, business owners, working parents, and the like have a lot on their plate, so finding time to research financial questions, evaluate your
options, and execute a decision takes time. Even if you could make the time, if you’re not in the industry, your decisions will never be an entirely informed one. To exemplify the point: one could have a physical symptom, google and guess a diagnosis but without a trained professional’s opinion it would be just that, a guess and then hope for the best.

It is also not something you could rely on a robot to do or something that should be done through a call centre. It is a very intimate and crucial plan that needs attention to detail and a personalised solution, one that should be handled by a professional. We need to start taking our income and our
ability to earn an income more seriously. Just as we do our physical health let’s work on our financial health and create financially healthy habits.

It starts with a budget and finding a reliable and trustworthy financial advisor.


Written by Ridhaa Damon

Ridhaa Damon is the Business Principal at LWC Holistic Financial Solutions

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