1. SOMEONE I CAN TALK TO AND ANSWER MY QUESTIONS.
The markets have become enormously complex, and so too has dealing with most financial companies. Large investment companies have increasingly turned toward automation and non-personalized advice for individuals. An independent advisor is there to answer your specific questions, work with investment companies on your behalf and provide advice specifically for you.
2. SOMEONE WHO CAN HELP ME WITH INCOME PLANNING.
Intelligent income planning is the key to making your assets last. From helping to determine which accounts to take withdrawals from first, to making sensible investments that balance the need for current and future income. This is where much of the advisor’s training plays a role in helping to formulate income planning strategy for you.
3. SOMEONE TO HELP ME SELECT AND MONITOR THE RIGHT INVESTMENTS.
There is no one “right” investment. An independent, fiduciary based advisor can select from the vast array of investments available to determine what is appropriate for you. Much time and effort goes into evaluating, monitoring, selecting and adjusting investments over time. A good advisor will have a professional investment philosophy and process that they implement and often overseen by a seasoned investment committee.
4. SOMEONE WHO HAS THE POTENTIAL FOR A LONGTERM RELATIONSHIP.
The value of an investment advisor can accumulate over time. From year to year, life has a way of changing our priorities and circumstances. An advisor is there to lessen the burden on you and your family during a variety of different life events.
5. SOMEONE WHO CAN HELP MANAGE VOLATILITY AND SWINGS IN THE MARKET.
There has been great innovation in the opportunity set available to investors. But it also has created a knowledge gap for most individual investors (and many in the industry). A fiduciary based advisor takes it upon themselves to stay on top of industry trends and deliver best of breed solutions to their clients. An advisor can help use some of these innovative tools to manage the volatility exposures in client portfolios. A good advisor will also help to provide context and discuss the proper course of action to clients during the inevitable swings in the markets.