Financial Mythbusting

They’re only meant for the wealthy: Financial planning is meant to help people of all financial means achieve their short-term and long-term financial goals.

They’re meant to get you into high-performing investments: A strategy based around predicting “hot” or “cold” streaks won’t succeed in the long term. Rather, financial advisors help guide clients.

They take care of everything with investment: The best thing you can do with a financial advisor is educate yourself about what they’re doing with your money, so you can get the most out of them.

They only focus on balance: A good financial advisor creates a unique plan based around their individual clients’ specific needs and goals.

They only work on investing: Investing isn’t the only part of financial planning. It’s focused on every aspect of a person’s financial life: insurance, budgeting, taxes, liquidation, retirement, and everything else.

They’re only necessary for complex portfolios: Your investment goals will most likely change over time, so a financial advisor will help your portfolio keep up with these demands.

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