Broker Check
Top 10 Reasons to NOT Have a Financial Advisor

Top 10 Reasons to NOT Have a Financial Advisor

| April 06, 2020
Share |

In my last blog post, I discussed The Top 10 Reasons Why You SHOULD Have a Financial Advisor.

However, having a financial advisor isn’t for everyone.

Maybe you have an amazing financial background.

Maybe numbers and money come easy to you.

Maybe you don’t believe in stocks and bonds.

Here are the top 10 reasons from my perspective…

Reason#10: You are barely making it month to month and don’t have any money to invest.

Reason# 9: You strongly believe in buy and hold and adjust. You do everything yourself and feel comfortable with the ups and downs of the market.

Reason# 8: You love the way you handle your investments. You’re fully confident in your strategies and don’t trust anyone else to manage them.

Reason# 7: You make a ton of money flowing in from real estate and other alternative investments that you personally oversee. You don’t trust stocks, bonds, and mutual funds.

Reason# 6: You have a will, power of attorney, healthcare directives, and a trust. You’ve gotten them recently updated and/or reviewed and don’t need any feedback.

Reason# 5: Your kids can handle themselves and you don’t plan on bequeathing any money to them in the future and don’t need any strategy to do so.

Reason# 4: You believe that robo-advisors are good enough for you and you don’t want a person-to-person connection.

Reason#3: You prepare your own taxes through TurboTax and know all the deductions. You don’t need to save any more money on taxes.

Reason#2: You don’t want to pay for financial advice and don’t see the value in it.

Reason#1: Your financial situations is really straight forward and you have a handle on all your finances. Tax advice really isn’t needed and neither is investment advice.

In short, you have everything handled. Finances is a really strong area for you and you have the knowledge and desire to do it yourself.

As a financial advisor, I certainly recognize that I can’t be all things to all people. As much as I’d love to help every person I meet, the reality is some people have their stuff together and there’s nothing much more I can add.

On top of that, they don’t need or even want help.

Typical people that fall into this category are engineers, some doctors, some IT people, and very math oriented people that are extremely cost conscious.

If this is you, bravo!

I wish you all the best!!

Hopefully, I can provide some value to you on this blog and our videos that will give you some additional knowledge from time-to-time.

If this isn’t you and you’d like to consider working with me and for me to consider working with you, feel free to give me a ring at (952) 831-8243.

  

Advisory services through Capital Advisory Group Advisory Services LLC and securities through United Planners Financial Services of America, a Limited Partnership. Member FINRA and SIPC. The Capital Advisory Group Advisory Services, LLC (CAG) and United Planners Financial Services are not affiliated.

The views expressed are those of the presenter and may not reflect the views of United Planners Financial Services. Material discussed is meant to provide general information and it is not to be construed as specific investment, tax, or legal advice. Individual needs vary & require consideration of your unique objectives & financial situation. Neither United Planners nor its financial professionals render legal or tax advice. Please consult with your accountant or tax advisor for specific guidance.

 

Share |