The Quest for Excellence – Let’s talk about the ABC’s of why you should hire a Financial Advisor.

As much as I enjoy working out, there are some days I just don’t want to go to the gym. I understand the health benefits and how good I feel afterwards, yet somedays, I have no interest.

Enter the personal trainer. The person whose primary focus is my health and wellness. She loves to witness my constant improvement and personal growth, both personally and physically.

Not only does she keep me on track with my workout routine, proper form and nutrition, but she also charges me…whether or not I decide to show up.

I personally don’t enjoy paying for something I don’t gain any value from, so I always show up. If it wasn’t for my trainer, I may not spend nearly as many hours in the gym, or be as healthy, in my opinion.

In life, this same theory holds true.

If it’s important enough, such as your health, or wealth, hire a professional that can help you stay on track and continually improve. This partner should be someone you trust, respect, and who will gently guide you back on course.

Enter the financial trainer- better known as your Financial Advisor.

Let’s talk about the ABC’s of why you should hire a Financial Advisor. (Actually, the ABCPT’s)

• Annual rebalancing. When markets are rising calmly, it can be easy to underestimate the importance of disciplined rebalancing. But when volatility strikes, this annual process gets the attention it deserves.
• Behavioral mistakes. Behavior mistakes cost real money. Left to their own devices, many investors buy high and sell low. Statistically, the average stock-fund investor’s inclination to chase past performance cost them 2.17% annually in the 35-year period from 1984-2019*.
• Cost for investment-only management. Robo-advisors that deliver investment-only management and no financial plan, ongoing service, or guidance have set their prices at approximately .29%*. You get an annual statement, online access and a phone number to call with questions. * Unless we consider tax planning strategies, overall estate planning and in-depth conversations, we don’t consider this “financial planning.”

P- Planning. Simple, but not easy. Planning includes building and regularly updating custom financial plans, conducting regular portfolio reviews, and offering a long list of invaluable services, including tax and estate planning, college funding, 401K review, investment and cash flow analysis, Social Security and retirement income planning, assistance with annual tax return preparation and one-off custom request from clients.

T- Tax smart investing. It’s not just about what you earn, it’s what you keep. A financial planner will partner with their clients’ CPA to minimize tax drag and explore strategies, such as tax loss harvesting, to best serve their clients.

If you have been a ‘self-implementer’ or simply procrastinated when it comes to your financial health, we invite you to contact us for a complimentary call with one of our Wealth Advisors.  

No pressure. No gimmicks. No kidding.

Call us today to schedule a call with one of our Wealth Advisors at 888-775-0950.

 

Vance Wealth, Inc. (“Vance Wealth”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Vance Wealth and its representatives are properly licensed or exempt from licensure. The information contained in this material does not purport to be a complete description of the securities, markets, or developments referred to in this material, and it does not constitute a recommendation. The information has been obtained from sources considered to be reliable, but Vance Wealth does not guarantee that the foregoing material is accurate or complete. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Rebalancing a non-retirement account could be a taxable event that may increase your tax liability. *Source: “Average” Investor- Russell Investment Group, Thompson Reuters DataStream.* Source: Ignites Article – Top 10 robo advisors June 2018, bankrate.com/investing/best-robo advisors, and individual robo advisor websites on 2/6/2020