FAQs

Why should I see a financial advisor?

A financial advisor helps you make informed, strategic decisions about your money. Think of them as someone who provides accountability, simplifies complexity and empowers you with the knowledge and know-how to make decisions that align with your values and goals.

What does a financial advisor actually do?

Financial advisors analyze your financial situation, recommend solutions (like tax strategies, investment plans, or debt management), and help you stay on track. Advisors can help you avoid costly mistakes, identify opportunities, and create a plan that reflects your unique situation.

What happens when I meet with a financial advisor?

A first meeting with a financial advisor is typically a consultation to understand your financial situation, goals, and concerns. You can expect an initial conversation, a review of the documents you brought, a discussion of their services and any associated fees. Advisors use tools for analysis and planning to help give a clearer picture of current finances and what the future can look like.

What does a financial plan include?

A financial plan will include your short-, medium-, and long-term financial goals, cash flow (budget) analysis, event specific planning (college, retirement, estate planning), investment strategy, and roadmap to implement recommendations.

What documents should I prepare before meeting with a financial advisor?

You should bring recent tax returns, investment statements, retirement account details, debt information, insurance policies, and a list of your financial goals and concerns.

What is risk tolerance, and why does it matter?

Risk tolerance measures your comfort level with investment volatility. It determines the mix of assets (stocks, bonds, etc.) in your portfolio. A higher risk tolerance allows for more fluctuation, while a lower tolerance for risk prioritizes stability. Advisors can help with risk tolerance and risk management, with the latest strategies, research and tools in the industry.