So you’ve been thinking about your finances or investing some money, but you’re not quite sure what to do. One of the options you might be considering is working with a financial advisor. But how do you know if that’s the right call? If you say “yes” to any of the reasons below, it probably is time to talk to a professional.

You need help investing or don’t understand your investments

Investing can be  intimidating and getting started can be overwhelming. Sometimes it may seem easier to just leave everything in your savings  account, but we all know about the importance of compounding interest. An advisor can explain and simplify the investing process to help you become comfortable with your portfolio.  He can also help you figure out your goals and risk tolerance, which in turn determine your asset allocation and investment products.

You’re not sure if you’re on track for your goals

One  of the  best parts  of working with  a financial advisor is that you have a person who  can give you definitive answers on whether you’re  doing everything you should be for retirement savings, children’s education, paying off a mortgage, and other financial goals. If you don’t know where to begin — or just want an expert to tell you if you’re on the straight and narrow — an advisor might be right for you.

You’re going through a life stage or family change,  such as marriage, divorce, or the birth of a child

Each financial plan is tailored to an individual and the things going on in their life. That means that your financial outlook when you’re a fresh grad who’s single is going to be pretty different from when you’re at the height of your career and have other people to support. Any time your  life or family situation changes (if you get a promotion or lose your job, are planning to get married or divorced, are having a child or are planning for your child to move out, and so on), it’s a good idea to meet with a financial advisor.

You need estate planning

If you’re good with money, you might have no  problem creating your own budget

or  choosing  your own investments. But when  it comes to creating wills, estates, and trusts, it can be helpful to work with a professional who can guide you through all the complicated rules and considerations.

You receive an inheritance or sudden windfall

Suddenly coming into a lot of money is fun, obviously. But it can also be overwhelming to  figure out what exactly you’ll do with it. Pay down debt? Invest? Buy something you’ve always wanted? What about the tax ramifications? A financial advisor can help you  figure out how best to manage your newfound wealth for maximum benefit and minimum headache.

You don’t know how much your investments are costing you

All investments have fees, even your 401(k) or mutual funds. One vital function of a good financial  advisor is that she can help you evaluate how much you’re paying in trading fees, commissions, administrative fees, and more. Even though these fees might sound minor, they can really add up. Over thirty years, a 1 percent fee on $100,000 comes out to more than $25,000!

You just don’t want to THINK about money!

Let’s be honest: Some people just don’t have the time or interest to deal with their finances. If that’s you, a trusted advisor can handle it all for you.

If you’re asking yourself:  “I need a financial advisor, what’s next?” Then please check back to learn what factors you should consider.


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From time to time, the team at GuideVine highlights certain topical videos and content from expert financial advisors. We find these helpful and hope you will to for your managing personal finances. To learn more, you can view and find potential advisors through our advisor matching service and listings, ask one-on-one personal finance questions to these experts, and view “How to” videos on our YouTube channel (https://www.youtube.com/channel/UCJopbGDSgc1szGZaoUPqTrA).