There are four key benefits to working with an advisor:
Competence: Financial advisors provide the critical actions that help drive successful long-term outcomes, including planning, asset allocation, rebalancing and working with other financial professionals.
Coaching: An advisor offers education and guidance through the emotional cycles of investing, which can cause us to compromise long-term goals.
Convenience: You delegate the complex and time-consuming work of investing and planning to your advisor.
Continuity: It’s nice to have someone who knows your wishes and goals and can help preserve your legacy and protect those you care most about if anything happens to you.
Remember, choosing a financial advisor is one of the most important decisions you can make.
This article is an excerpt from a new book, “27 Principles Every Investor Should Know,” with sketches by well-known illustrator Dan Roam, coming out in early 2019.