Unlocking Financial Success: Why Investing in an Advisor is Worth It

November 14, 2023

by Maryann Keith, CFP®, CIMA®, CDFA®

Let’s dive into a question that often sparks curiosity among those dipping their toes into the financial world: “Why should I pay for a financial advisor?” I could reply to that question by asking if they hire someone to clean their house or repair their air conditioner, but it makes sense to dive a little deeper. This is a question worth debating and I think the simplicity of some of the reasons to spend your hard-earned money on financial advice may surprise you.

Life’s a whirlwind, isn’t it? From sunup to sundown, we’re caught up in a frenzy of tasks, our to-do lists stretching to infinity. Finding the mental bandwidth to research complex topics is nearly impossible to come by. I find that a lot of people just don’t have the time or energy to properly tend to their financial landscape. Now, if you’re a boundless ball of energy who’s got it all covered, kudos to you! As for those who don’t, you shouldn’t feel ashamed to both ask and pay for help.

One of the biggest values I offer my clients is simply holding them accountable for implementing and staying the course with solutions that are crucial to their financial success. In a report by Calamos, staying fully invested in the S&P 500 from 2001-2023 yielded at 9.8% annualized return, while missing the 5 best days in the market returned 7.3%.1 That’s a difference of 2.5% and can have a huge impact on your financial journey!

Additionally, many people find it challenging to get all areas of their financial lives to work in synergy together. At Beden Wealth Management, we practice a collaborative approach to financial planning by taking the lead in coordinating with your key professionals, such as CPAs and estate planning attorneys. Who wouldn’t want a trusted advisor to serve as their financial quarterback?

Feeling that FOMO creeping in? Yeah, it’s real. Hiring someone to streamline and demystify your financial life could be one of the best investments you make in your future. Intrigued? Don’t hesitate to take that step. The pros at Beden Wealth Management are geared up, waiting to join your financial adventure. Let’s chat!

Source: https://www.calamos.com/blogs/investment-ideas/stay-on-course/


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