How much would you pay to make sure you can afford to send your child to college? To pay off your most significant debts? To ensure a comfortable retirement? How does 1% of the value of your assets sound?
This is the average annual fee to work with a financial advisor: just 1% of your assets under management (the assets you have invested with your advisor). When you pay this fee, you unlock a wealth of professional knowledge and experience constantly evolving to help you reach your financial goals. This fee gives you a customized plan, a new level of financial accountability and a qualified second opinion for all financial decisions.
When you work with Client 1st Financial, you work with Fiduciary Michael Fischer, which is a significant title in the financial management industry. This means that he will put your needs as his client above his needs, the firm’s needs, or anyone else’s.
We understand that many individuals decide to forgo a financial advisor. There’s a ton of information online, and people think they can effectively manage their finances on their own. They may not have any significant financial goals, so they’re waiting until they have more money to invest down the line.
However, there’s also a ton of medical information online, so would you skip a visit to the doctor and solely lean on Google for medical advice? Most wouldn’t. Good financial advisors are worth far more than the fees they charge. Their full-time career is dedicated to staying up to date on market trends, utilizing industry tools and building customized plans to serve their clients. There’s a lot more that goes into financial planning than can be completed as a weekend project.
If you still aren’t sold, think of your finances without an advisor like any of the following scenarios:
Building a dream home without a contractor: Much like a contractor, a good financial advisor carries out a comprehensive plan, considering all necessary details so you can reach your financial goals without costly errors.
An engine without a trusted mechanic: Proactive advisors will continuously tune your financial plan, performing routine maintenance to ensure a smooth ride to your goals.
A complex contract without a good lawyer: Lawyers utilize years of training to make sense of a contract’s fine print to ensure you’re getting a fair deal. Advisors ensure your finances are set up for success considering market conditions and your personal goals.
Selling your property without a well-connected realtor: Ask anyone who has tried to sell their home without a realtor—it’s not easy. A fee for a realtor or a financial advisor opens a world of expertise and market knowledge.
When considering hiring a financial advisor, take a step back and ask yourself if you can afford to not hire a financial advisor. If you want to invest, pay off debts, save for retirement, start a business, or manage an inheritance, the answer is probably no. There is a lot of money on the line in any of these scenarios—do you want to risk it because of a lack of expertise?It’s time to take the leap and hire a trusted financial advisor.
The team at Client 1st Financial is ready to meet you, learn about your financial situation and build a custom plan to achieve your goals. Contact us today to get started.