Well, isn’t that something to think about? It may be a little odd that a financial business such as Sweet Financial is even considering having a conversation like this with you, but we think it’s an important topic for a discussion. It’s a regular occurrence that we may have to explain to a prospective client that we may not be the right fit for them. We aren’t putting ourselves above them or that we aren’t will to help them. For some people working with a financial advisor, that makes sense. But for others, it may not.
Here we go…the top 5 reasons why someone should never hire an advisor:
- When it comes to financial peace of mind: You would rate yourself a 9 or 10 on a scale of 1-10. So, you already have peace of mind? No need to hire an advisor then.
- You assume the advisor knows in advance what the markets are going to do. No one does, not even an advisor.
- You feel the need to check on your portfolio on a daily basis. There is nothing to learn by constantly checking your net worth. This is what an advisor is for.
- You struggle trusting someone to manage your portfolio, we get it. For so many, trust does not come easy. It’s ok, it’s not a bad thing, that’s just who you are. Managing your own money is your best course of action in this case.
- Let’s say you have a large position in one company, you’ve had it for so long, you’ve become attached, just like your old friend. He knows the value of diversification, but you just can’t part with that old friend. We’ve seen it happen often with certain technology stocks, it makes us sad and we can’t help you if you are unwilling to let go.
Compliance # 3106534
Any opinions are those of Sweet Financial and not necessarily those of Raymond James.