A statistic within the financial services industry is that those clients who have a financial advisor for just 15 years accumulate 4 times the wealth compared to their peers who do not have the advisor.
Do financial advisors have some magic tools for picking investments then?
Would you believe that the reason has less to do with the specific advisor and more to do with the use of an advisor?
An advisor will help you document your goals so that you can focus on them. With them in plain sight, you can set targets, and determine the actions that need to be taken to reach them. With regular (financial plan) reviews, you can determine if you are on track or not. With this implicit accountability partner, you will tend to stay on track more, so you will reach your goal faster.
Another benefit to regular reviews is that you can check whether your goals have changed. Or perhaps your circumstances have. If so, then maybe the actions to take need to also change.
Can you do these on your own? Sure. But how many people do?
Contact me if you don’t already have an advisor and you would like to start your journey!
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