posted on March 27th 2018 in Your Financial Advisor with 0 Comments /

Time is Money.

Time is at a premium these days, and with work following us on our phones, it can be hard to draw a boundary and embrace quality time outside of the office. If you’re like many dedicated entrepreneurs, this dilemma will resonate. You may feel like you’ve devoted so many hours to building a future for your business that by the time you get to do the things you enjoy, you’re either exhausted or find yourself burning the midnight oil – again.


Managing your personal finances is not an intuitive skill. It can’t be mastered with a quick overnight study. It takes years of rigorous and research to stay ahead of emerging trends and best practices. Who could possibly expect the average, busy, full-time businessperson to take on all of that extra work? Of course, many of us try — because we love our families and want to secure a stable future for them.


Time is Freedom.

Wouldn’t you rather protect your free time and your assets all at once? Wouldn’t you rather go for a hike and picnic with your family on a sunny Saturday afternoon than sit at a desk trying to decide where to invest? Wouldn’t you rather play a few rounds of golf with your buddies and kick back with a beer than try to predict a market you’re not even familiar with?


Of course, you would. But how do you know where to place your money and your trust?


Rather than going to a huge, anonymous, corporate conglomerate, many Americans are placing their faith and their financial futures in the hands of small firms that are fee-only. This honest approach to ensures that the financial advisor you’re working with only succeeds if you do. The advice you receive is unbiased.


But with so many options, how can you identify a trustworthy firm in the first place? Let us share what to look for:


Invested Investors

One surefire way of determining how invested a firm’s advisors are in its overall health is what stake they hold. Ask your advisor what’s in it for them?If your advisor owns equity in the firm, t they are in the business for the long-term. It’s in their best interest to focus on long-term client satisfaction. It isn’t fun to hire professional help and to not hear back from them or for them to not be proactive.


Innovative Insights

If you’re thinking about long-term financial well-being, you want advisors who have their fingers on the pulse of the financial world. But more importantly, you also want a trusted partner who can help you listen to your vision and guide you on the right financial path your individual situation. This is someone who can provide appropriate insight no matter whether the markets are up or down


Relationship Driven

You can go with a cookie-cutter financial plan or opt for a Robo-Advisor, but ask yourself what you want to get out of your financial planning. One of the perks of partnering with a financial advisor is the relationship. This is someone who gets to know you over time. Their understanding of your situation grows with time and the thoroughness of their recommendations follows.  You want advisors who are engaged in your life. They know about that dream vacation you’ve been planning. They understand how your parents’ healthcare factors into your own decisions… They know your kids’ names.


Compassionate Continuity

If you want to leave something behind for your loved ones, you have to take calculated risks. But one of those risks shouldn’t be the continuity of care in your investment planning. Find a firm where continuity is a core precept. Where advisors treat clients, not like numbers, but like family. Where your business means something to the whole firm — not just the advisor they’re working with.


Whatever you have built, a firm like WorthPointe can team with you to build a financial roadmap that aligns with your vision.

Continue Reading

Other articles filed under Your Financial Advisor

Independent Advisors: Do You Have Freedom Or Are You Drowning?

October 30, 2020 - Many financial advisors have their reasons for going solo. They want to maintain control of client relationships, be their own boss, and increase their earning potential. But somewhere along the way, the excitement wears off. Things get complicated. The tedious...
Continue Reading

Are You Financially Prepared For A Divorce?

June 2, 2020 - As life expectancy rises, so do the percentage of divorces later in life. Termed gray or silver divorces, these breakups are often exacerbated by the various transitions that come later in life: empty nests, aging parents, career changes and retirement. ...
Continue Reading

How Firm Culture Can Drive Success

November 13, 2019 - We’ve spent a lot of time cultivating a deliberate culture at WorthPointe — going through several iterations to get to where we are today. All the effort we put into the process was well worth it, as we truly believe...
Continue Reading

How to Build a Relationship With an Attorney Before You Need One

October 29, 2019 - How do you know if you need a lawyer? If you needed a lawyer tomorrow, would you know who to call? What do lawyers mean for your financial future? In this episode of “The John Chapman Show,” Brooks DePyster, a...
Continue Reading

Not All $1 Million is Created Equally

October 8, 2019 - Many people put their noses to the grindstone for years and years, working hard, saving, and investing with the goal of ultimately having $1 million. While that might seem like a perfectly admirable goal, to me it seems a bit...
Continue Reading

Return to Blog Home