When Should You Get A Financial Advisor – What To Look For In A Financial Advisor And When You Should Work With One By Jason Egge • Posted on Jul 24, 2018
Have you ever wondered how to handle IRA distributions? What does the future hold for interest rates, the economy and the stock market and how could this affect your financial situation? These are very common questions and concerns, and there are answers!
When Should You Get A Financial Advisor
Some people seek advice from a robo-advisor, which is an online automated financial advisor. While the Internet has created financial options that are ideal for some situations, this is not right for everyone. It all comes down to value, trust and experience.
Everything You Need To Know About Financial Advisors
A good financial advisor is able to analyze economic trends, market conditions and interest rate changes to develop a portfolio that fits your individual financial needs. As economic conditions change, a quality advisor can articulate sensible changes to your portfolio and how those changes can protect and grow your hard-earned money.
Here are some points to keep in mind whether you’re looking for an advisor or already have one:
If you answered yes to these questions, chances are your financial advisor is right for you. If you answered no, you can find a great tool to check the legitimacy of your advisor at brokercheck.finra.org. You can see the prospect’s disciplinary history, exams the advisor has passed, and more.
Now that you know what to look for in a financial advisor, let’s talk about when might be the right time to work with them. A financial advisor can be beneficial at any point in your adult life to help you set up your financial planning for success. But as a general rule, a good time to hire an advisor is when you start accumulating assets. This could be after you get your first job or once you buy a house.
Is A Financial Advisor Worth The Fees?
More importantly, you should consider hiring a financial advisor as you head toward retirement. When you get to this point, it’s critical not to make a mistake. At this stage in your life, it’s important to do an expense analysis to understand your financial situation and help you understand how to manage risk and invest your money in a way that will help you experience the retirement you want.
Jason Egge is a registered representative with Securities America, Inc. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons named on this website may only provide services and transact business and/or respond to inquiries in states or jurisdictions in which they are properly registered or exempt from registration. Not all products and services referred to on this site are available in all states, jurisdictions or to all persons listed. Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Bankers Trust, BTC Financial Services, a division of Bankers Trust, and Securities America are separate companies.
Jason Egge joined Bankers Trust in 2004 and has almost 25 years of experience in the financial services industry. Jason partners with his clients to develop retirement strategies based on careful consideration of their individual needs. He continues with them, encouraging clients to meet regularly in a comfortable environment to review each unique portfolio, ensuring that their investments meet their changing lifestyle needs. To date, clients have collectively invested over $90 million through Jason. Its assets include stocks, corporate bonds, municipal bonds, government bonds, mutual funds, ETFs (exchange-traded funds), REITs (real estate investment trusts), and annuities.
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How To Choose A Good Financial Advisor & Get The Most From Them
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