When To Seek an Advisor

when to seek an advisor

Do You Need a Financial Advisor?

With the never-ending advancements of financial technology, it can be hard to understand which elements of your financial life you can handle on your own and which you should seek help with.

While everyone could benefit from a financial advisor, not everyone necessarily needs one. If your finances are relatively simple, with retirement accounts managed by your employer and your cash put away in a savings account, you may be fine taking a DIY approach. It’s when your life becomes more complicated or reaches a point of transition that it’s time to hire a professional.

when to seek an advisor

Times of Transition

Navigating your financial journey can be complex and overwhelming, especially during times of significant life transitions. At BFG Financial Advisors, we believe that these pivotal moments are the perfect time to seek expert financial guidance.

Here are some key life transitions when engaging with a financial advisor can provide invaluable support and strategic direction:

Career Milestones

Promotions, career changes, and business growth can significantly impact your financial situation. Our advisors can provide strategic advice on managing increased income, optimizing tax strategies, and investing wisely to capitalize on your professional successes.

Marriage or Divorce

Marriage creates a whole new universe from a financial standpoint; you’re suddenly taking two financial lives and combining them. You’re looking at joint tax returns, joint bank accounts, and changing beneficiaries. With a divorce, these changes need to be made in reverse.

These big decisions may make you realize you cannot handle all of these aspects on your own and you need professional advice.

Loss of a Family Member

After a death in the family, you may realize you need a financial advisor to help you determine the responsible parties, allocate their estate, and alleviate the stress and impact on the rest of the family. Whether you’re experiencing the loss of a parent, widowhood, or other loss, an advisor can answer the questions you may not even know you have.

Managing Inheritance and Wealth Transfers

Receiving an inheritance or planning to transfer wealth to the next generation involves complex decisions. Our advisors specialize in helping clients navigate these transitions, ensuring that your wealth is managed effectively and aligns with your long-term goals.

Major Purchases or Investments

Whether you’re buying a home, investing in property, or making significant financial decisions, a financial advisor can provide the expert guidance you need to make informed choices. We help you evaluate options, manage risks, and align major financial decisions with your overall goals.

when to seek an advisor

The Value of Professional Guidance

Engaging with a financial advisor during these critical transitions can make a significant difference in achieving your financial objectives. At BFG Financial Advisors, we offer personalized, high-end financial solutions tailored to your unique circumstances, ensuring that you are well-prepared for whatever life brings your way.

Ready to take control of your financial future? Contact BFG Financial Advisors today to schedule a consultation and discover how our expert team can support you through life’s most important transitions.