Should Everyone Have a Financial Advisor—Or Just the Wealthy?
Most people think only the rich need financial advisors—those with six-figure incomes, investment portfolios, and complex estates. But is that actually true? As financial tools become more accessible and money decisions become more complicated, the idea of who should have an advisor is shifting. Let’s dive into whether a financial advisor is right for you—regardless of your net worth.
What Does a Financial Advisor Actually Do?
A financial advisor helps you:
Plan for retirement
Create a personalized budget
Manage debt and build savings
Make informed investment decisions
Navigate taxes and estate planning
Financial Advisors can be a sounding board, coach, and strategist. Some just specialize in
investments, while others focus on comprehensive financial planning, like the team at 4Wealth Advisors.
Common Misconceptions
You don’t make enough money - You don’t need a huge salary to benefit from the value of an advisor. At 4Wealth Advisors, we can meet you where you are by providing a “mini” comprehensive financial plan.
You can figure it out online - Although there are many tools available online to help you with your finances, it begs the question of whether you are doing it efficiently or leaving money on the table. Advisors help prevent costly mistakes you might not see coming or be aware of.
When You Should Definitely Consider One
You probably need an advisor if:
You’ve had a major life change (marriage, divorce, inheritance, starting a business, etc.)
You’re planning for retirement or early financial independence
You feel overwhelmed or don’t know where to start
You're making six figures but aren't sure where your money is going
You're investing and want to optimize your portfolio long-term
Conclusion
If you want to effectively and strategically make your money work for you, without having to worry about all of the complexities that comes with managing your finances, a financial advisor is right for you. If you're stuck, overwhelmed, or simply want a second opinion, the cost of good advice often pays for itself.
Contact 4Wealth Advisors today to get started on your financial plan at 708-665-6663 or advisors@4wealthfg.com. Or, visit 4wealthadvisors.com/get-in-touch to fill out our contact form.
