Did you know that 75% of Americans handle their own finances?
Perhaps not surprisingly, most Americans are also struggling financially. Managing finances is difficult, especially on top of all the usual life stresses.
If you’re struggling financially, you probably need advice. But where should you look for financial guidance?
If you’re wondering where to get good financial advice, keep reading.
What Is a Financial Planner?
Unless you majored in business or finances in college, you’ve probably experienced financial stress. How do I handle funds wisely? What are the right investments? When should I expect to see financial gains?
If you’re asking these questions, you probably need to get a financial advisor.
A financial advisor is simply someone who can offer you financial strategies for how to handle your money. This includes portfolio management, tax planning, and basic budgeting.
Whether you’re thinking about Rightway Funding in Fort Lauderdale or a robo-advisor, there are several options available to you.
Option 1: A Robo-Advisor
If your financial advice needs are simply, you may want to consider getting a robo-advisor.
Robo-advisors are an artificial intelligence solution to your financial needs. They tend to be relatively affordable, and they operate based on algorithms that can manage investments for you.
Typically, robo-advisors are an excellent option for those who have limited funds or who mainly want to invest safely and wisely.
Option 2: Hybrid Financial Planning Services
But maybe you don’t want to do business with a robot. Or maybe your financial situation is too complicated for an algorithm to handle.
If that sounds like you, you might want to consider hiring a financial planning service that operates online. Because the service operates online, it should remain relatively inexpensive while still providing a real human advisor.
By meeting virtually, you’ll save time and money, but you’ll also get advice from an advisor who isn’t a robot.
If you have a little more money to invest, this option might be right for you.
Option 3: In-Person Financial Advisors
If you have a lot of finances to manage and your situation is too complicated to handle online, you should consider hiring an in-person financial advisor.
A dedicated in-person advisor can help to provide advice that goes beyond the basics of budgeting and investment. This is especially helpful if your finances are growing to the point where they are too complex to manage.
Although in-person financial advisors cost more, they have the added benefit of creating a financial plan that’s tailored to your specific goals and needs. Put simply, you’ll get more time and attention.
Get Financial Guidance Today
No matter what your financial goals are, you can achieve them with the right financial guidance. Out of the many options available, you can find a financial advisor that meets your specific goals and needs.
Looking for more advice on how to handle finances? Make sure to check out our Finance category!