Skip to main content

Your Advisor: A Partner in Pursuing Lifelong Financial Goals

Need help managing your financial life? An investment professional is a tremendous resource to tap for financial planning information throughout your lifetime. For instance, your financial advisor can help you with:

Short-term savings: Avoid piling up debt when unexpected expenses come your way by having at least three months of living expenses available at all times. If you don't have an "emergency" fund, your financial advisor can help you figure out how to build one.

Investing for long-term goals: Your investment professional can help you determine how much you will need to retire and then work with you to build a portfolio to pursue the kind of retirement you have in mind. He or she can also help you come up with creative funding solutions for your children's education.

Estate planning: Contrary to popular thinking, estate planning is not just for the wealthy. Creating a will and naming a health care proxy (someone who makes medical decisions for you if you are incapacitated) and durable power of attorney (someone designated to decide financial matters if you are unable to do so) can make sure your wishes are honored. Consider using a qualified professional to develop an appropriate plan.
 

Three Tips for a Smooth Financial Meeting

Prepare for an appointment with a financial advisor by keeping this pre-meeting checklist in mind.

 

  1. Organize your thoughts and set priorities. Think about your financial goals and time frames. Your advisor will be able to help you review these issues and match them to your tolerance for investment risk. Also discuss your top areas of financial concerns, such as reducing debt.
  2. Gather the appropriate paperwork. You'll likely need to bring financial documents, such as investment account statements and tax returns, to your first meeting. Call in advance and ask what documents would be helpful.
  3. Prepare questions for your advisor. It's important that you feel comfortable with your advisor and the services provided. Ask about the type and level of advice you should expect. Talk about how often you should meet for a "checkup" or to rebalance your portfolio.1

 

1Rebalancing strategies may involve tax consequences, especially for non-tax-deferred accounts.

Because of the possibility of human or mechanical error by Wealth Management Systems Inc. or its sources, neither Wealth Management Systems Inc. nor its sources guarantees the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. In no event shall Wealth Management Systems Inc. be liable for any indirect, special or consequential damages in connection with subscriber's or others' use of the content. 
© 2015 Wealth Management Systems Inc. All rights reserved.


This website and the articles and other media contained within (the “content”) are provided as a free service to you and are for general informational purposes only. The content is provided to us by our vendors, and our vendors may obtain their content from other parties. While we have vetted our vendors from whom we directly receive content, and believe that our vendors have vetted their providers, we do not control the content and we make no representations or guarantees as to the accuracy, completeness or timeliness of content on this website. Information on this website is not intended to provide legal, accounting, tax or other advice. We also make no warranty or representation regarding, and do not endorse, any linked websites or the information contained therein.



Questions? We are here for you...

To ensure your safety, please do not include sensitive information in your submission.