At What Point do You Need a Financial Advisor?

You just don’t want to deal with money. You need financial advice for healthy return against your investment. Hiring a financial advisor is a no-brainer for you.

What you’ll need, however, is enough investable assets for an advisor to take you on. When it comes to investment advisors, most can’t afford to work with you as a client until you have $100,000 or so of investments.

Is It Worth the Money to Hire a Financial Advisor?

yes, there is a quantifiable increase in return from working with a financial advisor. Vanguard calls this advantage the Advisor’s Alpha. When certain best practices are followed, the result can be an Alpha in the 3 percent per year range.

WHAT ARE THE BASICS YOU SHOULD BRING WITH YOU?

1. A budget, if you have one.

1. Pay stubs.

1. Statements/details about any investments.

1. Any insurance policies you have.

1. An employer benefits statement.

1. Tax returns for the past two or three years.

Is it worth paying a financial advisor 1 %?

So, yes, people want to know if they are getting what they pay for Based on research, analysis, and testing, Vanguard has concluded that, yes, there is a quantifiable increase in return from working with a financial advisor. 

The Financial advice typically costs 0.5 percent to 1 percent of your portfolio per year. It is OK says the industry.

Who are the best financial advisors?

-Citigroup
-Merrill
-Wells Fargo Advisors
-Fidelity Investments
-Charles Schwab
-RBC

Read: 5 Amazing Dividend Stocks.

Each of these services can incrementally boost a client’s returns—sometimes steadily, sometimes sporadically. A financial advisor helps to find the best stocks and best investment place.

For a healthy investing strategy and for a low risk stock trading strategy, the financial advice is a must thing for you.