Investing in yourself can be a significant game changer for saving and investing to reach your financial goals. One of the best ways you can achieve that is by working with a financial advisor. Financial advising can help you reach both short and long-term goals, prepare for the unexpected, and even help you determine what your goals might be.
Why does it matter?
Whether it’s personal or business finances, a financial advisor is your partner in a creating confident financial situation. You work hard for your money and establishing a relationship with a financial advisor or advising team with a comprehensive approach helps you protect and build on that money.
While you may have some ideas about what investment you want to make or where you want to allocate your money, financial advisors can offer unique professional expertise that you may overlook. There is a plethora of information you can consume about the wisest financial decisions, but sometimes it’s difficult to know exactly what the right call is.
Additionally, financial advisors do much more than just execute trades or help you invest. According to Investopedia, advisors help construct personalized financial plans that aim to achieve the financial goals of clients which include savings, budget, insurance, and tax strategies. Part of the role of a financial advisor is also to educate you on the steps involved to meet your financial goals. This includes:
- Investing advice
- Budgeting
- Debt management
- College savings
- Planning for retirement
- Estate planning
- Healthcare and insurance
- Tax planning
An advisor will help you create a financial plan, which starts with an analysis of your net worth, assets, liabilities, and capital.
How to choose a financial advisor
When you’re deciding who to work with in financial advising, one of the most important aspects is knowing that they have your best interests in mind. You want a professional you can trust to provide solutions and advice aligned with your unique goals. If you ever feel like a financial advisor is making recommendations that don’t align with your personal or business objectives, they’re likely not a good fit.
At Republic Bank, we partner with Ameriprise Financial Institutions Group, a channel of Ameriprise Financial Services, LLC, to provide you with the most exceptional relationship with advisors who are dedicated to helping you achieve your financial goals. From business services like employer benefits planning and business succession planning to personal services like financial planning, education funding, retirement planning, and investments, you will have what you need to make the most beneficial and appropriate financial decisions for you. To learn more, check out our investment services, or give us a call at 800-526-9127.
