5 Reasons You Should Have a Financial Consultant

by | Nov 18, 2021 | Recommended Reading

Here are 5 reasons why you should have a professional financial consultant: 

  1. Help you develop a holistic financial plan to achieve your long-term personal and financial goals.  This includes preparing budget and cash flow projections and ongoing meetings to monitor progress toward those goals.
  2. Most individuals don’t have the time, education, experience or desire to understand the complexities of the financial markets and tax laws.  Because time is our most precious resource, it makes sense to focus on family and work commitments and hire a financial consultant to implement your long-term financial plan.  It costs less than you would expect.
  3. An experienced financial consultant can help you avoid common financial and investment mistakes such as trying to time the markets, lack of proper diversification, failure to rebalance your portfolio to maintain the proper level of risk and failing to consider the tax ramifications of major financial decisions.
  4. A financial consultant can provide behavioral coaching to help you manage through times of market volatility and avoid making unwise emotional decisions such as panic selling during a market downturn.
  5. An ongoing relationship with a financial consultant can help you navigate through major life events such as buying a new or second home, the birth of children and planning for college, divorce or marriage, employee benefit elections and of course retirement planning.  A financial consultant can help you determine if you can afford to retire and what are the optimal choices for social security, Medicare and the timing of retirement distributions.

Virtue Asset Management is an independent private wealth management company offering customized solutions and superior customer service to help you grow and protect your assets and achieve your long-term financial goals. As fiduciaries, we have an obligation to provide objective advice and identify the financial solutions that are in your best interest, not ours. As fee only financial planners, we specialize in providing investment management and comprehensive financial planning advice to high net worth individuals. With Virtue Asset Management, you can expect a personalized client experience best suited to your individual needs. 

Investing involves risk, including the possible loss of principal and fluctuation of value.  Past performance is no guarantee of future results.

This letter is not intended to be relied upon as forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.  The opinions expressed are as of the date noted and may change as subsequent conditions vary.  The information and opinions contained in this letter are derived from proprietary and nonproprietary sources deemed by Virtue Asset Management to be reliable.  The letter may contain “forward-looking” information that is not purely historical in nature.  Such information may include, among other things, projection and forecasts.  There is no guarantee that any forecast made will materialize.  All information is illustrated gross of investment advisory fees. Reliance upon the information in this letter is at the sole discretion of the reader.  Please consult with a Virtue Asset Management financial advisor to ensure that any contemplated transaction in any securities or investment strategy mentioned in this letter align with your overall investment goals, objectives and tolerance for risk.  Additional information about Virtue Asset Management is available in its current disclosure documents, Form ADV and Form ADV Part 2A Brochure, which are accessible online via the SEC’s investment Adviser Public Disclosure (IAPD) database at www.adviserinfo.sec.gov, using CRD#283438.

Virtue Asset Management is neither an attorney nor an accountant, and no portion of this content should be interpreted as legal, accounting or tax advice.