The #1 Thing a Financial Advisor Does That Could Change Your Situation

Article Summary

• Most people find that their financial life could use more attention.
• Although a majority of people are not “excited “ about financial planning, many find that creating a long-term plan allows them to feel more comfortable about their futures.
• The guidance of a financial advisor may make the unknown easier to navigate..
  

The #1 Thing A Financial Advisor Does That Could Change Your Situation

If you think that your long-term financial wellbeing could use more of your attention, you are not alone. It turns out, most Americans believe their financial planning has room to improve. In fact, a recent survey conducted by Northwestern Mutual found that only about a third of people are “excited or inspired” about financial planning.

For those who are not in that “excited or inspired” minority, it means an opportunity exists to potentially bring more happiness into the financial equation. After all, it is highly unlikely that anyone would not be in favor of more happiness.

Americans may feel that their financial planning could improve during times of uncertainty. There are factors that are always beyond anyone’s control, from fluctuating interest rates, to shifting market pressures and policies, to salaries and expenses. Without changing a thing on a personal level, life can become more expensive, sometimes without warning. And that uncertainty among the elements that are beyond your control can influence your perspective.

Having a long-term plan seems to help.

The Allure Of Long-Term Financial Planning

Despite the fact that only about a third of Americans find financial planning exciting, few people would argue with the idea that having a plan could make life a bit more comfortable. And that plan can apply to anything.

Taking a road trip without a map is more stressful than having a charted path. Embarking on a vacation without hotel reservations feels less of a sure thing than when rooms are booked in advance. Building a house without a blueprint for how the structure should come together would be stressful.

Plans tend to make just about everything easier to manage. They can also make the unknown less scary, and tend to cause less stress when detours become a reality. It turns out a plan is the number-one thing a financial advisor does that could change things.

Plans for just about anything, including finances, factor in known variables. That is to say, they factor in the things that individuals can control. Plans also tend to make the unknown variables a little easier to navigate.

Working With A Female-Vetted Financial Advisor

Many women find they feel more confident about their financial footing when they can see where their money is going, how their financial choices impact their long-term goals, and what adjustments they could make that would best support the futures they want to experience. It is not uncommon for financial advisors to offer guidance that allows female investors to feel more comfortable with their financial lives, be it spending, saving or investing.

Female-vetted financial advisors also tend to add even more comfort to the financial planning process for women. Many women appreciate working with a financial expert who understands the unique challenges women face, from wealth transfers to life changes related to caregiving, parenthood and professional shifts.

If you would like to see if creating a financial plan might add more comfort or happiness to your life, Svvy® offers a service that matches female investors with female-vetted financial advisors. The first step in the process involves our Svvy® match quiz, which is available for free on our website.

To learn more about Svvy’s matching process, or learn how you can take the next step toward a clearer financial picture, get matched with a Svvy®  expert today.

Disclosure: This content is provided for general educational purposes only and does not constitute individualized investment, legal, or tax advice. Svvy® acts solely as a solicitor and connects and matches individuals with independent third-party financial professionals through a quiz-based matching process on the Svvy® Network. Matching is based on information provided through Svvy’s platform and does not constitute any advice. Any advice, recommendations, and services are provided only by the independent professional you choose to engage.