When you go to the gym, chances are you have a personal trainer. After all, with all of the hours you work, you don’t have time to research and become an exercise expert as well. You get a lot more out of your gym time by working with someone who specializes in exercise and devotes all of their time to it.
When it comes to your personal finances do you take the same approach? Or do you feel that you have to be the expert and do it all on your own? Just like you get more out of your gym time by working with a trained professional, you can get a lot more out of your finances by working with a trained professional.
What Can A Financial Advisor Do For You?
While your personal trainer at the gym understands the human body and the different activities that you can do to build that body, a financial advisor understands your financial needs and the different investments and products that can best meet those needs.
Once they were familiar with your body and your goals, your personal trainer probably put together a workout plan that will guide you in achieving those goals. In the same way, a good financial advisor will help you develop a blueprint for your wealth management and retirement planning. Using their knowledge and experience, they will help you come up with a plan for what you need to do in order to achieve your specific financial and life goals.
Do you think you could benefit from working with a personal trainer for your finances? How are you doing on retirement savings? College savings? Your 401(k)’s performance, risk, and fees? Insurance coverage?
Are you exceeding expectations in each of these areas or do you think you might have room to do better? These are the areas where a financial advisor can really help you maximize your potential.
Retirement planning goes well beyond just funneling some of your income into your 401(k). You need to manage the investments inside your 401(k) in order to maximize profit while minimizing risk. You should probably have more than just your 401(k) in your retirement plan as well. Investing in an IRA can provide tax diversification and other benefits that you are missing out on if you only have a 401(k).
Aside from the type of investment account, your investments themselves may be curtailing your retirement savings. There are a lot of options besides just stocks and bonds. Real estate investment programs and alternative investments can bring great gains, but it takes a lot of knowledge to understand how to invest in these profitably. A highly trained financial advisor can open investment doors to you that you never knew were possible.
Most people focus on wealth accumulation, but asset protection is just as important. Even if you have all of the necessary insurance in place, do you have the right amount? Are you paying too much for it?
Many of the attorneys we work with pay 50-100% more than they should be paying for their life and disability insurance, and 75% do not have sufficient coverage. They know that they need coverage, but they don’t have the knowledge and experience to know how much and a fair price to pay. It takes someone with a lot of experience, well-versed in insurance to know that.
At Grace Wealth Management Group, we perform a detailed policy audit to make sure that each of our clients has the amount of insurance they need and they are not paying too much for it. We want to ensure that it will last for life and not be an unnecessary financial drain.
If you think your personal finances could benefit from an experienced trainer, we are here to help. Call us at (949) 631-3840 or email at firstname.lastname@example.org to set up your obligation-free, complimentary initial consultation.
Or if there is a dinner scheduled:
Or you can join us for dinner at XXX on XXX, where you can meet us and learn more about the services we provide. Call XXX or email XXX to reserve your seat today. We look forward to serving you!
About Jim Peters
Jim Peters is an independent financial advisor and the founder of Grace Wealth Management Group, Inc., a full-service financial firm committed to helping people pursue their financial goals. With more than 24 years of experience in the industry, Jim combines his extensive knowledge with his genuine interest in helping people pursue financial independence. Beyond his experience, he is certified as both a Chartered Life Underwriter® (CLU®) and Chartered Financial Consultant® (ChFC®), meaning he has advanced training and knowledge in financial planning and insurance. Based in Irvine, California, Jim specializes in working with individuals, families, and businesses throughout Orange County. To learn more, connect with Jim onLinkedIn or visitwww.financialadvisorirvine.com.