Do I need financial advisor
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Do I need financial advisor – Illustration by: Erik Minter


Do I need a financial advisor to invest?

Despite the increased amount and access to information, most people still need the help of a financial advisor.

People that lack one or
more of the qualities to be able to do it yourself:

  • They don’t have the time
  • They don’t have the knowledge
  • They don’t have the desire
  • They don’t have the confidence

Without these qualities then you may be the ideal candidate for working with a financial advisor.

A lot of people spend less time choosing a financial adviser than they do researching the purchase of a new vehicle.

That new vehicle loses value when you drive it off the lot. When you’re choosing a financial adviser you’re choosing someone to assist you with your financial management for maybe the next 20 to 30 years.

Independent Financial Advisor or financial Advisor from your Bank?

It’s important to understand that leaving your cash with someone is different than investing your savings through someone.

When you leave your cash in a checking or savings account, you trust the bank to protect your money.

However, when you invest your savings you are investing in a company or a business by holding a security issued by that entity. To select the security that is right for you based on your savings goals, you need sound investment advice which can only be provided by a person who is qualified, experienced, and licensed. Even when you are investing through a big bank, you should still be checking the background of the individual who is providing you with investment advice.

What to consider…

Another consideration is the investment products offered by the banks. Typically, one bank branch does not sell the investment products offered by another institution. If you currently have investments with one of the big bank branches take a look at your statement and you will likely see the mutual funds in your portfolio are those offered by that bank. These may be the best of the bank’s own products, but there may be other products in the market better suited to your individual needs and goals that you could get access to only through an independent financial advisor.

Looking for a fiduciary and independent financial advisors? Contact us at

We are Fiduciary Financial Advisors.

Call us Now at 813 964 7100 or 716 565 1300


Source: Blog