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Written By:
Rochester Magazine Staff |
5:30 am, Mar. 12, 2021
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Even financial advisors should work with a financial advisor.
“A financial expert is committed to staying on top of strategies that cover a wide array of topics that would be very challenging for a layperson to have the time to do on their own. In addition to knowledge and experience, they are an objective party. Even financial advisors should work with an advisor to gain a perspective that is not emotionally charged. It is hard to make the right decisions. Even when you know something is right or wrong, pulling the trigger is not easy. We see way too much discussion on fees and not nearly enough on the value an advisor provides. The same principle that applies to hiring a life coach, an athletic coach, or diet coach applies to a financial advisory relationship. We coach people through so many types of decisions over their lifetime. You just can’t put a price on that type of value.”