Investments / Retirement Information

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Investments / Retirement FAQs

6.14.12 – From Insurance Lounge and Eagle Strategies LLC

The Value of a Financial Adviser

6.14.12 – From Insurance Lounge

Investment Advisory Services

The Value of a Financial Adviser

6.14.12 – From Insurance Lounge

Focused On Results

Financial advisers often use an academic approach to investing, while also acknowledging the important role emotions play. Unfortunately many investors make the mistake of letting their emotions drive their financial decisions, only to discover that they’ve bought high, sold low, and ended up with unsatisfactory results. Financial advisers evaluate performance over the long-haul, and can help you avoid getting easily swayed by momentary highs and lows. They can suggest changes to help increase returns, preserve assets, and achieve other goals. They also can help you re-evaluate your long-term financial objectives and make any necessary changes needed to help turn those goals into realities.

Specialized Knowledge

To provide financial advice and offer investment products, financial advisers are required to earn and maintain licenses and qualifications as mandated by state and federal authorities as well as industry-governing bodies. Financial professionals call themselves by many names – Investment Adviser Representative, Certified Financial Planner, Chartered Life Underwriter, Registered Financial Consultant, Master of Science in Financial Services, or a host of other titles and abbreviations. Each of these designations requires qualifications ranging from comprehensive education to examinations and ongoing training. Professional certifications help financial advisers navigate the complexities of the financial sector.

Hands-on Service

Financial management is a life-long process. It’s important to work with a financial adviser you trust, because you may work with him or her over the course of your working and retired years. Your financial adviser will monitor your investments to ensure that you are keeping up with your objectives. He or she will also maintain regular contact with you, to make sure that your investment portfolio is always suited to your goals and circumstances. You may need to adjust your plans to account for a new baby, a divorce, preparing to send a child to college, changing employment, or for any number of reasons. Ongoing monitoring and communication is another benefit of working with a financial adviser.

Greater Access

Professional financial advisers have access to a vast array of investment products designed for different outcomes and different client needs, and some of these investments are not available directly to individual investors. A professional financial adviser can help you evaluate your objectives and suggest the most appropriate investments to help get you there.

The Choice Is Yours

Finally, when deciding whether or not a financial adviser is right for you, you should evaluate your goals and consider all the factors. While some investors are confident in their knowledge and abilities and prefer not to pay for outside help, others prefer advice when making important financial decisions from someone with the time, training, and clarity to help make the best choice Many investors find that the advisory fees provide value, not only in the returns, but also in the peace of mind they get from knowing their investments are managed by capable hands.