A Financial Advisor is a qualified professional who can help you to manage your money. This person will provide you with advice and guidance on investments, insurance, tax-related matters, and even on taking a loan for, say, buying a house or paying for your child’s college education. But a financial advisor’s role does not stop there.
A good advisor will also help you with emotional or behavioural management. What does that mean? If you have a large amount invested in stocks and the market crashes, your immediate reaction may be to sell your holdings before your losses increase. However, that could be the wrong approach to follow. You will receive input on the investment strategy that you should adopt from your financial advisor. Your advisor will guide you through the market cycles and make recommendations that will hopefully lead to building your wealth over the long-term.
Here are some of the areas where you can expect to receive guidance from your financial advisor.