Do you really need financial advisers?

Posted by Elite Internet Technologies on November 16th, 2016

The usual knee-jerk reaction to this question is that you don't. Most people prefer to think they can self-manage. They are wary of fees and a modern financial culture which is to put it mildly questionable.

The big crash in 2007 did nothing to reassure the public that the financial market is safe or trustworthy. Add to this the complexity of the modern financial markets, a vast range of sometimes confusing financial products like derivatives and stock market booms and busts. What's to like?

Ironically, this understandable caution is also self-defeating. Whatever you do, your money is always in contact with the financial markets in some form. Whether you invest in property, stocks, mortgages, or any other kind of asset, you can't really avoid market exposure.

Self-management is also a potential risk management issue – Do you know the risks of a particular investment? Do you know how to hedge against risk? Do you have a Plan B if an investment crashes? Do you know how to avoid exposure to catastrophic risk? Do you know how to plan ahead for things like retirement income, college funding, and other life stages?

The truth is that the most self-reliant, self-managing people do use financial advisers. Even Warren Buffett has financial advisers. He makes the decisions, but he gets the expert advice before he makes those decisions.

The critical thing to understand here is that financial advisers provide an invaluable commodity – Current information. These people are professionals; they know the markets, they know the risks, and they know the problems.

Modern financial advisers can also provide a very broad range of services. A good example is a company called Life Plan Financial Advisors Inc., a personal financial planner Coweta County. This company is a one-stop shop for investors at all levels, providing custom financial plans and knowledgeable advice.

If you're thinking about investment, or financial planning, check out their website here at www.lifeplanfinancialadvisors.com . See the range of services? That's the kind of financial advisory service you need. If you're in Atlanta, you can contact them directly by phone or online.