Why Do You Need a Financial Advisor?

Jul 24, 2023 |

At some point, you realized that you couldn’t take care of all your life obligations — attention and energy are as finite as the number of hours in the day.  

So, you started building out your network to help: a mental health therapist, a professional development mentor, or an advisor to help meet your financial goals.  

While therapy and mentorship are widely adopted and culturally mainstream, too many people keep their financial management to themselves. Sometimes it’s a point of pride; other times, it feels that things aren’t complex enough to justify getting help.   

As life gets more complicated, so do your finances. Many start to wonder if they are missing out by not having professional financial help in their corner. 

Financial advisors navigate the complexity of proactive tax planning, equity compensation packages, unpredictable markets, and more. Skilled advisors provide valuable insights and unpack the intricacies of cash flow planning, company benefit planning, investments, taxes, insurance, philanthropic giving, and estate planning.  

The benefits of working with a financial advisor

In finance, “alpha” refers to a measure of performance (usually performance that exceeds expectations). Wealth Management Alpha is the persistent and meaningful above-average experience investors can realize when working with an excellent financial advisor.   

Here are seven benefits of having an experienced advisor:  

1. Reclaim your time   

Time is the one resource you can never get back. As your wealth grows, so does the complexity of managing it. Researching and evaluating investment options, monitoring your portfolio, and staying current on tax and estate law changes can take significant time.  

An advisor helps you reclaim valuable time to redirect toward engaging in other pursuits that may better align with your values.  

2. Simplify complexity 

Successful people are busy people. However, while you are busy with other things, your financial situation can become complicated. Often, this leads to stress and procrastination when aspiring to coordinate well-thought-out strategies to achieve financial goals.  

Recognize when your knowledge and expertise has reached its limit. 

Engage with an advisor to simplify the complexity and take meaningful action. 

3. Plan for life’s events, don’t react to them 

Significant changes or events, such as a marriage, a new baby, a new job, or a death in the family, can dramatically impact your financial situation. Others, like changes in company benefits or equity or a career change, can be more subtle but still significantly impact your finances.  

A financial advisor is well-suited to provide guidance and support to help you navigate these changes and develop a plan that aligns with your goals. 

4. Access professional expertise 

Working with a qualified financial advisor means having access to someone with extensive knowledge and experience in the industry and their finger on the pulse of markets, the economy, and regulatory changes.  

An experienced advisor can help provide sound advice and strategies for reaching your long-term goals.  

5. Consider an objective viewpoint

Financial advisors who work in a fiduciary capacity must consider their client’s individual needs and objectives when providing advice, as opposed to having their own biased opinions.  

These advisors must provide an accurate and objective opinion, ensuring they consider your best interests.   

6. Develop a long-term plan with a personalized strategy  

An experienced advisor can develop an individualized plan based on your situation to help you reach long-term goals such as retirement or college tuition. 

The advisor also utilizes sound investment strategies designed to generate growth over the long haul.  

7. Grow through behavioral coaching 

Financial advisors provide their clients with valuable behavioral coaching and support.

Advisors can help you stay focused on your goals and make wise financial decisions (especially when the headlines are full of “doom and gloom” and the crowd is responding in a knee-jerk fashion).  

Maximize your wealth and reach long-term financial goals 

Ultimately, working with a qualified financial advisor can benefit anyone looking to maximize wealth and achieve long-term financial goals. An experienced advisor will have the knowledge and experience necessary to develop a sound strategy tailored to your specific needs and objectives to help you reach your desired level of success.  

An advisor can ensure you’re on the right track toward achieving your goals by providing personalized advice and guidance.  

At Brighton Jones, we know how complex your financial picture can be. That’s why we’ve pulled together a team of financial expertswith a dedicated approach — to help you align all components of your economic life with your broader goals and values. Schedule a consultation today to plan for a stronger, more secure financial future.


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