The Advantages of Having a Financial Planner

If you are a football fan, you understand the importance of the quarterback on the field. The quarterback leads the team in preparing for games and managing the offense. The best quarterbacks are great at managing both the players and the emotional ups and downs on the field, especially at the most critical moments in the game.

 

In football, it is critical to have a talented and tested quarterback at the helm, as it has proven to result in winning teams historically.

 

A Financial Planner is Your Quarterback

In many ways, a financial planner is the quarterback of your money matters during your life. Just as in football, having a financial planner can be vitally important to managing the process of achieving your financial objectives over time.

 

Below are some of the potential advantages of having a financial planner:

 

·        Strategy and Planning: A financial planner’s primary job, as suggested in their job title, is to create a comprehensive and holistic financial plan to help you meet your financial goals.

·        Asset Allocation: One of the important considerations in a financial plan is a target asset allocation — or the mix of stocks, bonds, real estate, cash, and other investment types. Asset allocation can be a principal determinant of long-term investment performance.

·        Objective Emotional Support: This is an often-underestimated advantage of using a financial planner: Money matters can be very emotional. Whether it is wild swings in the stock market or unexpected events in your life, a financial planner can help provide an unbiased voice of reason to keep you from making emotional decisions that could derail your longer-term financial plan.

·        Minimize Taxes: A financial planner can plan for and help you make adjustments to reduce the potential negative impact of income and estate taxes over time.

·        Risk Mitigation: A financial planner takes into account your tolerance for risk and manages your risk exposures through various investment strategies.  

·        Protecting Your Family: If you have a family, a financial planner can work with you to come up with strategies to help protect your family’s financial well-being under a variety of future scenarios.

·        Structuring Retirement Income: Whether you are approaching or in your retirement years, a financial planner can work with you to create a plan that helps you meet your changing income needs later in life.

·        Education Planning: A financial planner can help you determine the best investment vehicles for you when it comes to saving for your children’s future education needs.

·        Debt Management: A financial planner can help you manage and use debt to your advantage without letting it take advantage of you.

·        Save Time and Provide another Financial Resource: Even if you are yourself a financial expert, it can take a lot of time to manage all of the above by yourself. Others around you may also completely depend on your financial expertise. If something happens to you, establishing a trusted third-party relationship now can be extremely helpful to loved ones during a period of significant personal and financial turmoil.

 

 

Find the Best Financial Planner for You

 

Like a quarterback in football, a financial planner can help lead you down the complex and time-consuming field of financial planning. Whether you have never worked with a financial planner or already have one, Modera Wealth Management stands ready to discuss your financial planning needs.

 

About Us: Modera is proudly a fee-only and independently owned financial planning firm that acts as a fiduciary for our clients. We have built our organization to put our clients’ interests first.

 

Call Modera Wealth Management to learn more and set up an initial meeting with our team.

 

Modera Wealth Management, LLC (“Modera”) is an SEC-registered investment advisor with places of business in Massachusetts, New Jersey, Pennsylvania, North Carolina, Georgia and Florida. Modera may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. SEC registration does not imply any level of skill or training.  For information pertaining to our registration status, fees and services, please contact us or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov) to obtain a copy of our disclosure statement set forth in Form ADV Part 2A. Please read the disclosure statement carefully before you invest or send money.

This article is limited to the dissemination of general information about Modera’s investment advisory and financial planning services that is not suitable for everyone. Nothing herein should be interpreted or construed as investment advice nor as legal, tax or accounting advice nor as personalized financial planning, tax planning or wealth management advice. For legal, tax and accounting-related matters, we recommend you seek the advice of a qualified attorney or accountant. This article is not a substitute for personalized investment or financial planning from Modera. There is no guarantee that the views and opinions expressed herein will come to pass, and the information herein should not be considered a solicitation to engage in a particular investment or financial planning strategy. The statements, information and opinions expressed in this article are subject to change without notice.

Investing in the markets involves gains and losses and may not be suitable for all investors and should not be considered a solicitation to buy or sell any security or to engage in a particular investment or financial planning strategy. Individual client asset allocations and investment strategies differ based on varying degrees of diversification and other factors. Diversification does not guarantee a profit or guarantee against a loss.