5 Things All Financial Advisors Should Provide…

I.  Financial planning is all about trust. 

Your advisor wants to get to know you – your life goals, values, investment goals, and financial objectives. Likewise, you want to get to know your advisor. Only then can a planner provide you with an action plan and specific recommendations to suit your needs.

II. Active guidance. 

A competent planner should review your portfolio, create a detailed statement of investment objectives, define the optimal allocation of your investment assets, and provide a detailed strategy for the investment management team.

III. Risk management. 

A knowledgeable planner with insurance training will analyze your current life, health, and disability protection, including all employment coverage and benefits, assess your true needs, and create a cost-effective plan.

IV. Tax planning. 

A well-connected financial planner will have access to tax expertise to analyze your current family tax situation and recommend any major tax-planning opportunities you might have missed. This includes specialized tax-minimization planning for those who are business owner/managers, professionals, senior executives, and self-employed.

V. Estate planning. 

Wills, trusts, registered accounts, and insurance policies are just some elements that go into creating an estate plan. A financial planner should have access to expert legal help to create a tax-efficient estate plan that most effectively carries out your wishes.

Please check our business directory for trusted financial planners in the Charleston area.

The following two tabs change content below.
Working in the senior industry for the past 20+ years has been such rewarding experience. I've witnessed every walk of life from the rich and famous to the not so fortunate...Folks who were prepared for their future and those who are not. My hope is that your lives will be enriched from the supportive content here and that it will help enable you to "Embrace Life over 50!"