Gabriel Lalonde
December 09, 2020

When Should You Consider Working with a Financial Advisor?

Working with a financial advisor can be extremely beneficial for your current – and your future – financial life. Ok, we may be a little bit biased – but in all honestly, a financial advisor can be a valuable asset for both your personal and business finances.

Some people may think they don’t need a financial advisor, or don’t have enough money to need advice. That’s simply not true. The truth is, working with a financial advisor is beneficial for people in all stages of life. Whether you’re starting a family or getting ready to retire, a little bit of planning can go a long way.

What does a financial advisor do?

Financial advisors can do as much or as little as you need us to. We can provide partial or full financial planning. We can give investment advice, offer insurance solutions, help your business find tax strategies and create a realistic retirement plan. It all depends on what you need.

We believe everyone needs a financial advisor, but how you need one and the type of advice you need vary based on your individual needs, situation and goals. Someone may need advice on how to incorporate a business, someone else may need help saving for a down payment on their first home and someone else may want to discuss life insurance options. We’re here to answer questions and help you plan for the financial life you want to have. If you’re already in a good financially, we’re here to help you keep on track as we review and update your financial plan.

Financial planning doesn’t have a one size fits all answer to life’s financial questions, but we’re here to help find the best possible solution that works for you and your family. Talking with a professional about where you are and where you want to be, can never hurt. In fact, a simple conversation can help you get there – realistically.

How working with a financial advisor can help

Have you ever set a goal and reset it again because it’s just not happening? If you answered yes, you’re not alone. FP Canada says “35% of Canadians are not confident they will achieve their financial goals.” Working with a financial advisor helps set a plan to make improvements within a realistic time horizon.

Working with a financial advisor is so much more than picking stocks. It’s about all improving all aspects of your life in the most beneficial way from taxes and investments to your budget and retirement.

If you have big plans, but are feeling lost when planning for your financial future because you don’t know where to start, a financial advisor can help create a road map. We’ll give you the peace of mind that will help set goals, create an action plan and track your progress.

If you know financial planning is important, but you just don’t want to deal with it, a financial advisor can take care of it for you. DIY, robo-advisors and self-directed investment accounts may not be your cup of tea when it comes to managing money. Working with a financial advisor can ensure you don’t make any costly mistakes, help identify any gaps and ensure you’re making the best financial decisions for your goals.

If you like managing money, but know your financial plan would benefit from an impartial and unemotional third-party opinion, a financial advisor can be that second pair of eyes. Let us have a look at your current accounts and statements to identify strategies that are working and areas that have some room for improvement.

Whether you’re just starting out, already established, making a life change, thinking about estate planning or nearing retirement, we’re here to help you through it. Contact us to discuss how we can create a financial plan and answer questions to help improve your financial life.

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