When Should You Hire a Financial Advisor for Investment Management?

For those who have an array of investments, ensuring that they maintain their value and grow over time can be a time-consuming venture. This consideration is especially true for individuals who have other responsibilities, such as running a business or raising a family.

While the stock market can be exciting to follow, most investors don’t have the time required to ensure they capitalize on every market swing or avoid downturns. Thus, investment management services may be required.

Utilizing the services of a qualified financial planner for investment management can be a valuable tool. Investment management involves having a financial advisor monitor your portfolio of investments, including stocks, bonds, and other financial products.

An investment manager can assist you in maximizing your potential returns while also advising on a proper allocation of assets to mitigate risk. They may buy or sell securities on your behalf to achieve investment goals.

Investment management usually goes hand-in-hand with retirement planning, as investors typically use the market to enhance the value of their monetary assets.

Their goals are to increase their returns and grow their portfolio over time. Investments can also be a great tax planning strategy, as they can potentially provide reductions to an investor’s tax burden.

If you decide to invest in the services of a financial planner to handle your wealth management, you can expect them to spend time understanding what your goals are for your portfolio.

They’ll want to know if you are seeking short or long-term returns, as well as the amount of money that you have available to invest. Other common inquiries include when you would like to retire, as well as how much risk you can tolerate.

Once the financial advisor understands your investment needs, they will develop a custom portfolio for you. If you already have a portfolio that you’ve designed, they’ll assess it to determine whether changes should be made to enhance its potential value or better meet your future investment goals. 

Over time, your financial planner will make recommendations to update your investment asset allocation. They may also recommend buying or selling assets at a certain time. You can expect to receive regular reports on your investment earnings, which can give you comfort knowing that your investments are being properly handled.

Outdated Browser Detected!

If you're seeing this message, it's because the web browser you're using to access our site is much older and no longer supported. Due to privacy and safety concerns, we don't allow older browsers to access our site. In order to access WhyFiduciary.com, please use a newer browser, like Internet Explorer 10 or above, Google Chrome, or Mozilla Firefox.

Download a newer browser