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Good financial advisors don’t pick stocks. Here’s what they actually do

There’s a misconception that financial advisors only help with picking investments. This belief is not surprising considering too many advisors market themselves as having the ability to generate a strong return.

But a GOOD financial advisor can be much more valuable than this. They should be able to help with a long list of topics outside of just investments. Investing is oftentimes the simplest part of a good advisor’s role.

There is a lot to look out for when looking for a financial advisor, but that’s not to say you should never work with an advisor. If you do want to work with one, you should ensure they can give you unbiased advice, charge transparent fees, AND are able to give advice on more areas than just what investments to pick.

Does everyone need to work with a financial advisor on an ongoing basis? Probably not. You might just want to get a second opinion. Or may need help from time to time when you are navigating unfamiliar situations. Or maybe you just need help getting started.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Vivi & Shane

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Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!