![]() ![]() Others take a more holistic approach by advising clients on every area of their finances, from their budget to retirement plans. Some financial advisors solely work with clients to build and manage their investment portfolios. Generally speaking, it describes individuals who advise customers on their finances. What is a financial advisor?Ī financial advisor is a broad term encompassing many financial professionals. “(See) whether their offerings seem to match with the life you want to live and align with your long- and short-term goals,” Maizes adds.Ĭomplete the questionnaire and match with an advisor for a free, no-obligation call. ![]() “It is essential to make sure that the financial advisor you choose is the right person for you, starting from your comfort level with them,” says Alissa Krasner Maizes, a registered investment advisor and founder of the financial advisory firm Amplify My Wealth.īesides feeling comfortable sharing your financial details, she says the advisor should listen to you and answer your questions. To make your search easier, we’ve broken down what you need to know about financial advisors, the available types, and how to choose the right one. These professionals can help tackle various financial challenges - from managing your cash flow and finding the best low-risk investments to devising a plan to save for your child’s college education.īut given the sheer number of professionals and types of credentials, it can be difficult to find the best and most trustworthy advisor for you. Financial advisors can charge fees or commissions, though it’s common for clients to pay a percentage of their assets under management.Ī financial advisor can come to your rescue when you’re experiencing a major life change or need help with your finances.Not all advisors call themselves fiduciaries.Knowing what services you need from a financial advisor is an important first step. ![]()
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