What does a financial advisor do?

An advisor will sit down with you, understand what is important to you, and then create a financial plan to help you reach your financial goals by looking at:

• Saving and spending behavior
• Debt levels
• Your cash flow, income, and health costs
• Insurance and risk management
• Legacy and estate planning

An advisor can help give you financial peace of mind:

• Success and sense of accomplishment
• Behavioral coaching
• Confidence in your financial future

An advisor helps create an optimal portfolio for a client by looking at:

• Portfolio risk/return characteristics
• Tax-efficiency of your investments in taxable accounts
• Fees you are paying with your underlying investments

To schedule a Discovery Call go to: 

⁠⁠⁠⁠https://www.momentouswealthadvisors.com/contact⁠⁠⁠⁠

Pre-order my new book "Momentous Decisions: 7 Steps to Better Health, More Wealth, and a Richer Life" at:

⁠⁠⁠⁠https://www.momentouswealthadvisors.com/book

To see what it would look like to hire me as your fiduciary financial advisor go to:

⁠https://www.momentouswealthadvisors.com/newclients

For more information on stock investing go to: 

⁠⁠https://www.momentouswealthadvisors.com/stock-investing⁠⁠

To use the financial freedom calculator go to:

⁠⁠ ⁠⁠https://www.momentouswealthadvisors.com/tools⁠⁠⁠

Brian D Muller(AAMS©), Founder, Wealth Advisor

Podcast Disclaimer:

The Wealth Decisions Podcast is provided solely for general information purposes and should not be construed as accounting, legal, tax, or any other professional advice. Visitors are advised not to act upon the information or content found here without first seeking appropriate guidance from a qualified accountant, financial planner, lawyer, or other relevant professional.

Please note that any federal tax advice is not intended to be used to avoid penalties under the Internal Revenue Code or to promote, market, or recommend any transaction or matter addressed herein. It is important to ensure compliance with the requirements imposed by the IRS and Circular 230. 

We strive to ensure that the content published on the Wealth Decisions Podcast is accurate and up-to-date. However, we cannot guarantee the accuracy, timeliness, or relevance of any of the information provided. We are not responsible for any information present on the Wealth Decisions Podcast and disclaim any liability for the accuracy, completeness, or reliability of any information. This includes but is not limited to, any errors, omissions, or misleading or defamatory statements.

In the Wealth Decisions podcast, the importance of hiring a financial advisor is thoroughly examined, revealing how such professionals can significantly enhance one's financial landscape. The speaker articulates that a financial advisor's role transcends mere investment management; they are instrumental in crafting personalized financial strategies that align with the client's life goals and values. Through a meticulous assessment of various financial aspects—including income, expenditure, debt obligations, and insurance requirements—an advisor can offer tailored advice that not only seeks to grow wealth but also ensures its preservation for future generations.

Moreover, the episode delves into the necessity of behavioral coaching, as advisors guide clients in cultivating sound financial habits and decision-making processes. The peace of mind that arises from having a trusted advisor cannot be understated, particularly as individuals navigate the often tumultuous waters of wealth accumulation and retirement planning. The speaker also provides a framework of critical questions that prospective clients should pose to financial advisors, thus empowering listeners to take charge of their financial futures with confidence. This proactive approach is underscored as essential for anyone seeking to not only accumulate wealth but also to maintain it throughout their lives.

In summation, this episode serves as an essential primer on the multifaceted benefits of hiring a financial advisor, equipping listeners with the knowledge to make informed choices that will ultimately contribute to a richer, more secure financial existence.

Takeaways:

• In today's episode, we discussed the essentiality of hiring a financial advisor to manage one's wealth effectively.
• A financial advisor plays a crucial role in assisting individuals with creating tailored financial plans that address their unique circumstances.
• Understanding the total costs associated with a financial advisor's services is paramount for informed decision-making.
• It is vital to ascertain whether a financial advisor operates as a fiduciary, prioritizing clients' best interests without conflicts of interest.
• A comprehensive assessment of a financial advisor's experience and certifications can enhance confidence in their ability to provide sound advice.
• The distribution phase of wealth management necessitates expertise to ensure that accumulated assets provide sustainable income during retirement.