Talking to your advisor can help you stay—or get—on the right track, whether you’re trying to navigate market volatility, manage your investments, reduce debt or protect your assets.
Based on a recent survey, people who work with an advisor are two times as likely to feel financially secure as those who do not. They’re also more likely to feel that they are headed in the right direction personally and that they have financial plans built to endure market ups and downs.1
Here are five ways a financial advisor helps you make sense of your existing assets and set a course to help you pursue your various financial goals.
Benefit 1: Find the right mix for your goals
When you select investments, whether in your retirement accounts or other brokerage accounts, you hope they will grow in value. But the markets can be complicated, and different types of investments may perform better than others in different market conditions. A financial advisor can assist you in finding the right investment mix to help you pursue your goals in all market conditions.
An advisor takes into account your risk tolerance level, your investment style and the type of legacy you want to leave your loved ones. Using that information, they work with you to develop a plan suited to your goals and designed to address important objectives.