Planning for the future can be difficult by yourself, but no one said you had to do it alone. A financial adviser can help you navigate tricky financial situations and provide you with a safety net later in life.

Whether you’re seeking advice on managing debts or starting an investment fund, the professionals at Womack Advisers are here to help you establish an action plan that makes the most sense for your individual needs.

What does a Financial Advisor Do? 

A financial adviser performs multiple roles with any client, providing them full support for their financial goals, based both on their desires and the services chosen.

Their chosen roles may also depend on their area of expertise, as a tax adviser may not dive into too much detail with retirement planning outside of the taxes involved in the situation.

A general financial adviser, however, can help provide you with a generalized understanding of your financial future and collaborate with specialists to provide more in-depth answers. 

(1) Just as you would hire an architect to create a plan for your home, you hire a financial advisor to create a plan for your finances.

-Forbes.com

By working with a financial adviser, you can utilize the experience they have in the financial industry to create a path forward for your future. No matter how difficult the financial situation may be, the professionals at Womack Advisers are here to help you navigate it with ease.

Retirement Planning

You’ve worked your whole life to enjoy the luxury that comes with retirement, but now that it’s on the horizon, there is some tricky paperwork to settle and preparations to make. A financial adviser can help you best determine how to manage your finances as you enter into retirement and ways you can maximize your retirement income without dipping into savings or relying too heavily on social security.

Investment Planning

If you have an investment fund – or are looking to start one – it can be beneficial to first consult a financial adviser, as they can recommend different portfolios based on the amount of risk you are looking to take and how quickly you are hoping to see returns.

Tax Planning

Taxes are an ever-changing landscape of complex laws and confusing life changes, especially as you enter retirement or have a major life change such as marriage or having a child. To help you better understand your tax burdens and plan, a financial adviser can help you with tax planning services.

Estate Planning

This type of planning will help you better understand the role of an estate plan and the best way to divide up your assets based on your listed beneficiaries. A financial adviser will also be able to provide recommendations on how to allocate these assets based on your forecasted tax burden and liabilities.

Do Financial Advisors Actually Make You Any Money?

Most financial advisers provide you with a stock solution to basic problems, with a few tweaks here and there to fit the financial plan to your needs.

You deserve to work with a company that has your best interest at heart.

At Womack Advisers, we provide full-service financial planning services that keep your best financial interests in mind. Our goal is to help you achieve your financial goals, help you make money, and secure the funds you have today so that you have a safety net tomorrow.

With these goals in mind, we will never sell you on a product or investment that we don’t truly believe would help your financial state.

How Often Should You Talk to Your Financial Adviser?

When you first hire a financial adviser, you may need to have a few consultations with them to work out the initial details of your current situation, goals, and any current plan you have.

Once you have established a working relationship with a financial advisor, however, you can cut back on the number of consultations you have in person or on the phone. You shouldn’t need to consult with your financial planner more than every six months to a year. Depending on your goals, however, your planner may recommend more frequent talks to refresh and update the plan.

Signs You May Need a Financial Adviser

If you’re feeling lost or overwhelmed in a sea of finances, desperately trying to grasp hold of your financial future, you may need a financial adviser to help you sort things out. Likewise, a financial adviser can help you navigate new life changes like retirement, having a family, and starting an investment fund.

Is there a Time in Life Where You Should Have a Financial Adviser?

It’s never too late (or too early) to seek the help of a financial adviser, but there is no set time in life where one is recommended. Your age may influence the type of advice given, so the earlier you can establish a working relationship with a planner, the better.

Lifetime milestones, like getting married or divorced, starting a business, having a child, and considering retirement are all excellent reasons to seek the assistance of a financial adviser. The advice you will receive will help you navigate the financial challenges that come with these milestones, no matter what your age is.

Let Us Help You Reach Your Goals

It can be difficult to hand the reins over to another professional, especially if you’re used to handling your finances by yourself. Sometimes, however, the finances can get messy and confusing. We’re here to help.

Serving the Edmond, OK area and the surrounding region, Womack Advisers is the top trusted financial advising and planning firm for many of our neighbors. We provide individualized services that keep your interests at heart with a strong fiduciary duty.

The only time we recommend funds or external financial services is if we truly believe it’s the right choice for you. We help you plan for life, with more than 30 years of experience in the financial industry, providing you with independent and personalized advice.

References:

1.     Forbes.com, Financial Advisors Help You Plan for the Future, https://www.forbes.com/advisor/investing/what-is-a-financial-advisor/

At Womack Investment Advisers, we help you plan for LIFE!



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