What does a financial advisor do?

A financial advisor is more than someone who manages your investments; they are a partner in building a plan to help you achieve your financial goals. This short video shows a few of the ways working with an advisor can increase your chances of financial success.

Video transcript

What does a financial advisor do?

A financial advisor is a professional who helps you manage your money and achieve your financial goals by looking at investment portfolios, tax planning, retirement planning, risk management and more.

A lot of the time, from the outside, the relationship may seem like it’s based on a series of transactions, whereas, in reality, it’s a long-term planning process. A trusted financial advisor takes the time to understand your unique situation by asking you questions and learning more about your financial goals and what’s most important to you, your family and your legacy. This allows them to give you unbiased advice and help you find the planning structure that is right for you.

Helping you see the big picture

History has shown that the most successful investors are the ones who stay invested during turbulent market conditions. A financial advisor can help you see the bigger picture during these times and remind you of your long-term goals.

What other services do they offer?

Investing is usually only one of the services a financial advisor provides. A lot of advisors look at tax planning, insurance protection, estate considerations and more.

Although the low fees of do-it-yourself platforms may be tempting, it’s important to remember that you get what you pay for and the value of relying on a professional when it comes to your financial well-being is priceless.