Households that work with financial advisors accumulate nearly four times more wealth over time than those who go it alone. With expert guidance, you can optimize your financial decisions, minimize tax burdens, and build a stronger retirement portfolio.
From investment strategies to risk management, financial advisors use powerful techniques to help clients maximize their nest egg. Keep reading to discover seven wealth-building moves that can help you retire 40% richer.
1. Financial Planning vs Portfolio Management – Or Both?
Financial advisors excel in two crucial areas. Advisors who help with a combination of the two services give clients a stronger, more robust retirement strategy.
As planners, they analyze your complete financial picture and develop strategies for everything from tax efficiency to estate planning. They select and monitor investments in their portfolio management role, adjusting strategies based on market conditions and goals.
Pro Tip: If you’ve got at least $100,000 in investments, check out a free service called SmartAsset. You fill out a short questionnaire and instantly get matched with up to three vetted financial advisors in your area.
2. Strategic Asset Allocation Through Market Cycles
