10 Reasons Women Should Establish a Relationship with a Trusted Financial Advisor

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Women have been taking the reins of their family and personal wealth management more than ever before. Recognizing the importance of spearheading their financial futures, women who establish a relationship with a financial advisor are successfully achieving their long-term goals. Here is why it’s important to find a trusted financial advisor to keep you on track:

1. Personalized financial planning. A trusted financial advisor who takes the time to listen to your financial goals will tailor a financial plan that accounts for your risk tolerance, career goals, years until retirement, and financial needs ensuring that the long-term financial strategy aligns with your specific objectives.
2. Financial literacy. Think of a financial advisor as an educator helping you navigate your financial future. Providing insights on investment options will help you make informed decisions. Knowledge is power.
3. Building confidence and financial independence. Many women don’t know where to start when it comes to investing. The right advisor can help you understand the investments that are right for you, building your confidence in how and where to invest your hard-earned money to help you achieve financial independence.
4. A trusted advisor will help you diversify investments to help manage risk and optimize returns. A diversified portfolio will help you weather market volatility over time.
5. Risk management. Life happens and circumstances such as paying for higher education, divorce, buying a second home, illness, or the death of a spouse must be considered. A trusted advisor helps you manage risks by incorporating insurance solutions that can protect your finances in the face of unexpected life challenges and events.
6. A financial advisor can help create a plan and a budget for your long-term goals whether that’s home ownership, starting a business, or retirement.
7. Retirement planning. When you’re in your thirties, retirement can seem like a long way off. But this phase of life comes faster than many women plan for, and a financial advisor can help you build that nest egg throughout your working years.
8. Financial equality. In some cases, one partner manages the finances, leaving the other partner unaware of financial decisions. An advisor can help you find an equal footing when it comes to your household’s financial health and management.
9. Help through the tough times. Finding a trusted advisor to help you through life’s ups and downs is important when it comes to the future of your family. This includes estate planning and ensuring your wishes for guardianship of children, for example, are spelled out.
10. Seeing the big picture. Developing a partnership with the right financial advisor will help you see the big picture, keep you on track to meet your goals, and create a comprehensive financial roadmap that will help ensure a stable financial future today, and tomorrow.