The Added Value Of A Financial Advisor

| February 20, 2019
Share |

Have you ever lost sleep over your finances? If so, you aren’t alone. Americans’ fears regarding their lifestyle, medical bills, and retirement continue to increase each year. Almost 50% of Americans worry about being financially comfortable in retirement, and 46% say they will not have enough money in their retirement years. (1)

Why the steady increase in anxiety and stress? Probably because life only gets more complicated the older we become. We get overwhelmed trying to balance our responsibilities and obligations with our desire to focus on what truly matters to us. As a result, we tend to neglect necessary but burdensome tasks such as financial planning.

This may surprise you, but many Americans don’t know where to turn for financial advice and support, and 64% have never sought financial advice from a professional. (2)

Benefits Of Working With An Advisor

Many people think that a financial advisor is only there to help their retirement account grow.

While that’s part of their job, the value financial advisors add to your life goes much further. Studies show that those who work with an advisor are more likely to feel less stressed, have more confidence in their savings, be more knowledgeable about their opportunities, and have more awareness of their spending habits. (3)Here are a few more ways that working with a financial advisor can add value to your life and your finances:

Portfolio Construction

Your advisor is trained and experienced to handle your finances. They also have the ability and time to dig deep into your investments, working with you to create a customized plan and portfolio that will help you reach your goals and get you through unstable markets. Your advisor will diversify your portfolio appropriately and rebalance it when needed, but also work to minimize taxes and avoid unnecessary fees.

Big-Picture Thinking

We all know the markets can be volatile. But it’s how you handle the roller coaster of ups and downs that makes the difference. Did you know that the number-one reason for portfolio underperformance is emotional decision-making? (4) It’s natural to panic when you read the headlines, but acting on your emotions will only put your financial plan in jeopardy.

Our financial advisors understand that investor behavior can be a key determinant of financial success and can negatively affect performance. They will help you to focus on your long-term goals and stick to your strategy when the going gets rough.

A Personalized Plan

You probably have a few more dreams than just retiring. But how do you balance short-term financial needs, saving for retirement, and building a fulfilling life? Financial advisors have the knowledge, experience, and tools to dig deep into various aspects of your life to build a plan that reflects your goals, personality, values, and life circumstances. A cookie-cutter plan may help you with some things, but a tailored plan will put you on a path to living the life you want.

Covering Your Bases

Life is unpredictable and this can often lead to worry and uncertainty. Working with a financial advisor provides you with a one-on-one, long-term relationship with someone who works in your best interest. No matter what changes you walk through, you can have peace of mind knowing that someone is acting as your advocate and financial mentor.

Reliable Recommendations

If your financial situation requires services or products that are unique or complex, your financial advisor can point you to specialists who can help you implement custom insurance, estate, or tax planning. In this way, they look for gaps in your plan, ensuring every aspect of your financial life is working together toward a common goal.

Where We Come In

Working with a financial advisor involves more than just opening an IRA and setting up monthly contributions. Advisors add value to your money and your life by taking care of the details and giving you confidence in your financial future. At Cornerstone Capital Advisors, our mission is to provide you with security, time, and peace of mind. Leave the planning, implementation, monitoring, and course correcting of your financial plan to us so you can focus on what’s most important to you. Call us at (330) 896-6250 or email [email protected] to chat with us about how we can develop a custom plan for you.

About Cornerstone Capital Advisors

Cornerstone Capital Advisors is an SEC registered, fee-only investment advisory firm that assists individuals in financial planning, investment planning, retirement, and wealth management services. Our team of dedicated financial advisors are committed to understanding your unique situation to develop a wealth management strategy that covers all areas of your financial situation, not just investments. Learn more by visiting our website at www.ccadvisors.com.

All information contained herein is for informational purposes and should not be construed as investment advice. It does not constitute an offer, solicitation or recommendation to purchase any security. Past performance does not guarantee future results. These views are as of the date of this publication and are subject to change.

_________

(1) https://news.gallup.com/poll/233861/update-americans-concerns-retirement-persist.aspx

(2) https://nypost.com/2018/01/18/americans-are-clueless-when-it-comes-to-personal-finance/

(3) https://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/articles/2017-05-10/4-good-reasons-to-have-a-financial-advisor

(4) https://www.zacksim.com/heres-investors-underperform-market/

Share |