Let’s be honest: Making personal financial decisions can be challenging.
There’s a variety of investment options, all of which carry some form of risk. And, of course, there are many types of retirement plans to choose from, each with their own set of tax
The seemingly endless number of choices can make it overwhelming for many investors.
The bottom line is that there’s an overload of investment possibilities. And, for many, planning and managing those options can be complicated.
For some, do-it-yourself investing holds significant appeal. Many of these investors are perfectly capable of self-managing their own portfolios. However, other investors feel they need to hire a financial expert to create a game plan to meet their specific financial goals.
To be sure, there has been a growing demand for financial advisory services in the wake of the pandemic.
Indeed, the pandemic had consumers looking to financial professionals for guidance. With so much uncertainty, many people looked for help in identifying ways to take better control of their finances. Times of uncertainty are usually a trigger for people seeking advice.
Of course, finding that financial advisor who is the right match for you comes with its own set of challenges.
There are so many things to consider before choosing the right advisor.
The services provided by financial advisors will vary based on the type of advisor, but overall, a financial advisor will assess your current financial situation — including your assets, debts and expenses — and identify areas for improvement.
The information and opinions expressed herein have been obtained from sources believed to be reliable but are not guaranteed for accuracy or completeness; are for information/educational purposes only; do not constitute a solicitation or recommendation for the purchase or sale of any security; are not unbiased/impartial; subject to change; may be from third parties. Opinions expressed are those of the Author and do not necessarily reflect those of B. Riley Wealth Management or its affiliates. Investment factors are not fully addressed herein. For important disclosure information, please visit www.brileywealth.com/legal-disclosures.
