What’s the True Value of Financial Guidance? Asset Strategy

If you’ve done any searching on the internet, you’ve probably seen the advice to minimize your financial planning and retirement fees as much as possible. Many outlets for financial explanations and information recommend paying as little as possible to maintain your accounts. In general, many sources recommend a passive, uninvolved investment strategy that minimizes all costs for account management and financial planning.[1]

So, is this good advice? Well, the answer isn’t as cut and dry as it might seem. It is true that management fees are an important thing to consider, but what really matters is the value you’re getting from those fees. Many people have 401(k)s through their employers, for example, but is that 401(k) strategized for your unique situation? Is it designed to help you generate income in the most efficient way for you? What if there are other strategies that can meet your needs better? How would you take control of your account to repurpose your funds without making penalizing mistakes? Or what if you have a pension and are offered a pension buyout? How would you know if that offer is the right decision for you? How would you know how to execute that without making costly missteps?

There are endless questions and unique scenarios that your financial advisor can address with a level of expertise that comes from professional knowledge, experience, and a deep understanding of your unique situation. Knowing that you have a financial strategy that factors in many situations and directly works to meet your unique goals and help protect against your unique risks may make those fees worth it. At the end of the day, you may be able to benefit by paying for a financial advisor.

If you are looking into having a professional help you manage your retirement finances, there will almost always be fees. But, if you pick a financial professional that’s right for you, those fees go toward financial guidance that may be able to help you design a specific plan for your needs and goals. Rather than a one-size-fits-all retirement plan that you may find online, a financial advisor focuses on your situation, what you want, and helps you towards making the right financial moves to achieve your goals and gain financial confidence.

At the end of the day, it’s up to you to decide how much you’re willing to pay for financial services. Minimizing costs are a highly important part of financial planning. If you’ve examined the costs of a financial advisor and decided against using one, make sure to ask yourself if you’re comfortable managing your life savings without a qualified, experienced financial professional.

If, however, you are interested in exploring what professional financial guidance can do for you, consider contacting one of our professionals today for a complimentary review of your finances. This meeting will allow you to get a sense of the kind of client-focused work a financial advisor can do, and you can decide for yourself if you think a financial advisor is worth it.


[1] https://www.investopedia.com/articles/personal-finance/071415/how-cut-financial-advisor-expenses.asp

Because investor situations and objectives vary this information is not intended to indicate that an investment is appropriate for or is being recommended to any individual investor.

This is for informational purposes only, does not constitute individual investment advice, and should not be relied upon as tax or legal advice. Please consult the appropriate professional regarding your individual circumstance.

There are retirement account risks that could diminish investor returns, such as, but not limited to: low interest rates, market volatility, withdrawal timing and sequence of returns risk, government policy uncertainty and increased longevity. Prospective investors should perform their own due diligence carefully and review the “Risk Factors” section of any prospectus, private placement memorandum or offering circular before considering any investment.

Investments in securities are not suitable for all investors. Investments in any security may involve a high degree of risk and should only be considered by investors who can withstand the loss of their investment. Prospective investors should perform their own due diligence carefully and review the “Risk Factors” section of any prospectus, private placement memorandum or offering circular before considering any investment.

Advisory services offered through Asset Strategy Advisors, LLC (ASA). Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Insurance offered through Asset Strategy Financial Group, Inc. (ASFG). ASFG and ASA are independent of CIS.

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