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Why You Probably Need a Financial Advisor - and How to Find One

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Seeking expert advice can help you feel more confident in your retirement plan.

Do you know enough about financial management to take care of all of your investing on your own? Or do you need help from a seasoned expert?

That question comes up for millions of Americans each year.

Dealing with your day-to-day finances is not always a challenge. But getting yourself prepared for retirement, buying the right life insurance, and managing your investments are big obstacles to face alone.

With your retirement on the line, you are probably wondering the same thing: Do I need a financial advisor?

Short answer: Most likely.

Test Your Own Personal Finance Knowledge

Before you rush out and hire a financial advisor, look at your own personal finance knowledge. Doing so will help you answer the all-important question: Are financial advisors worth it for your needs?

Are you confident with the following?

  • Managing your income, expenses, and budget
  • Investing for retirement
  • Saving an emergency fund
  • Surviving a layoff or job loss
  • Ensuring your family’s financial stability in the event of your unexpected passing
  • Paying off debt

These are core financial competencies. This information is vital to your family’s long-term financial security. If you are not comfortable managing these personal finance priorities yourself, it is OK to seek help.

What is a Financial Advisor?

A financial advisor is someone who helps you reach your financial goals.

Their job is to help you manage your personal finances. This includes a wide range of personal finance focal areas. Topics include cash flow, investments, retirement, insurance, trusts, getting out of debt, and more.

There are thousands of stocks, bonds, mutual funds, ETFs, and countless alternative investments to choose from. Having an experienced expert on your team can be a huge benefit. Not to mention the tons of other financial topics they’re skilled in that can set you up for a comfortable retirement.

How to Find Your Financial Advisor

Chances are, you have a bunch of financial advisors in your town.

However, you can’t really just choose one. You have to find someone who fits your specific needs. The best way to do that is to call around and interview people.

A simpler option is using our advisor matching tool, which takes the research out of the equation.

Follow these steps to find an advisor near you:

  1. Answer these few easy questions about your current financial situation.
  2. Sit back while the tool matches you with up to three advisors who can provide expertise based on your specific goals. It only takes a minute.
  3. Check out the advisors' profiles, interview them on the phone or in person and choose which one you want to work with in the future.

We do all the leg work of locating and researching each advisor, so all you have to do is view the advisor's info, give them a call and make an informed decision.

Let Your Skills and Needs Guide Your Decision

At the end of the day, no one can tell you whether or not you should hire a financial advisor. If you can look at your finances and know what to prioritize and invest for your future, you might be fine on your own.

However, if you want to feel more confident in your retirement plan, there is no shame in asking an expert.

If you are in the market for a new financial advisor, give the SmartAdvisor tool a try and interview a couple of advisors in your city. Then choose someone who can help you achieve the financial success you desire.


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