Do I Need a Financial Planner?


You’ve got financial questions. There are many answers on the internet. Friends, family members, and Instagram influencers can all get answers.

Financial planners are able to cut through the noise and offer expert advice on money that is tailored to your specific needs.

What Financial Planners Do

Financial planners can help you meet your long-term financial goals and current needs. This usually involves assessing your financial situation and determining what your money should do for you. Financial planners can help reduce your spending, pay off your debt, and save for the future.

Financial pros can be likened to doctors. Some are experts in certain areas such as managing investments or taxes. Others, like certified financial planners, are general practitioners, offering advice on everything from budgeting and investing to insurance and retirement planning.

Are You Looking For a Financial Planner To Help You Make The Right Decisions?

A financial planner can be a great help if your financial situation is complex. You may be able to take a DIY approach if your finances are straightforward. Financial planners are able to provide objective advice and help you make decisions about your finances, your priorities, and the type of insurance and protections that you require. When you are faced with major life changes, such as a marriage, divorce, or inheritance, a financial planner may be a valuable resource.

Different Types of Financial Planners

Your needs, financial situation, and budget will determine which type of financial advisor is right for you. Below are a few examples.

Traditional In-person Financial Planners

A traditional, in-person financial advisor may be better suited for those who have ongoing or complex planning needs. A CFP can offer holistic, one-on-1 advice for even the most complicated financial situations. A CFP is an official designation that indicates that the provider has been through rigorous training and testing.

Fee-only CFPs typically charge by the hour (usually $200-400) or by task (a flat $1,000-$3,000 fee, for instance). Some might charge based on the size of the investment portfolio they are managing for you; this is called an assets-under-management fee and is typically 1% of your portfolio balance per year. The initial consultation to discuss your requirements and their services is typically free.

This post was written by All Seasons Wealth. At All Seasons Wealth, we provide expert advice and emphasize the importance of creating in-house portfolios to personalize your strategy for asset management, financial planning, and cash management. We utilize research and perform market analysis to provide you with a financial adviser In Tampa. No matter your needs, we can work with you to develop a consulting solution tailored to you.

Any opinions are those of All Seasons Wealth and not necessarily those of RJFS or Raymond James. Investing involves risk and you may incur a profit or loss regardless of the strategy selected. Investing involves risk and you may incur a profit or loss regardless of the strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment. Past performance may not be indicative of future results.