Why Should I Have A Financial Advisor?

Deciding whether to get a financial advisor to manage your investments is a big decision and can often be quite daunting. Many people who could benefit from using a financial advisor don’t seek expert advice or mistakenly believe that they don’t need it. Rather than going the DIY route, why not consult with a financial advisor? You’ll likely save yourself a substantial amount of money.

Properly managing your investments is a full time job, it takes time, skill and commitment. Managing your own investments is not necessarily something that everyone has the time to do effectively. Finding the time to research, evaluate and execute your decisions, is not always something that the normal person can do on their own, people simply don’t have the required time or skill. This is why many busy executives, business owners and working parents are turning to financial advisors to help them in making the most out of their investments.

How can a financial advisor help you?

Develop an investment plan/strategy

Most people who go the DIY route don’t have a solid strategy or investment plan that they follow, this can often lead to the mismanagement of funds. Furthermore, If your investments are scattered across a variety of institutions, it is often difficult to keep track of them. This is where a financial advisor comes in handy. A financial advisor will create an investment strategy tailored to your specific needs, they will also help you move or consolidate your investments so they are easier to manage. 


Emotional decision-making is arguably the biggest cause of mistakes for people going the DIY route. Investment decisions driven by emotion can undo months or even years of investment growth. A financial advisor maintains an objective view over your portfolio and manages your investments on an emotionless mindset. Relying on logic and data is often incredibly hard for most people, in times of market uncertainty the average person may fall victim to the fear of missing out where they buy when they shouldn’t buy or sell when they shouldn’t sell. This is why it is important to have a financial advisor, as they are equipped to deal with these situations on a daily basis and are less likely to make an emotional-based decision.

Reduce unnecessary tax

A financial advisor will always be looking for ways to save you money, they always have your tax position in mind when making recommendations. A financial advisor helps you structure your investment portfolio in the most tax-efficient manner, so you can get the most out of your investments. The average person without a financial background will find it extremely difficult to determine the right investment types for your specific tax situation. An investment may seem promising to the average person, but could turn out to be the wrong decision because of the associated tax implications. Financial advisors will not only help you reduce unnecessary tax, but will also make sure that you are updated with the latest tax regulations.

Your life savings are extremely important and often require more attention than you are able to provide. If you are wanting your investment to grow, you need to set short-term and long-term goals, Affinity Wealth can help you with this. If you would like to discuss and set goals for yourself, please feel free to contact us, and one of our professional financial advisors will be able to assist you.