Financial Advisors 101

Financial Advisor is a term that encapsulates a wide variety of individuals. All of whom share the common goal of advising clients regarding finances in some form. Today, we’ll show you a few different kinds of Financial Advisors. You’ll see why they are beneficial and how they can help your real estate investments.

Who are Financial Advisors?

“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” – Suze Orman

By definition, Financial Advisors are individuals who learn your financial goals and develop a plan to meet those goals. They provide their clients with guidance in return for compensation. Registered advisors should carry the “series 65 license”, which allows them to perform services for clients.

 What do they do?

“…a good Financial Advisor will learn all the details about your unique financial situation—your income, your assets, your expenses, and your goals—and create a plan that accounts for your financial situation and your lifestyle needs.”-

That’s right! a Financial Advisor is a significant help when it comes to understanding and managing personal finances, investments, and money. It all comes down to choosing a financial advisor who can help in your area of need.

What kinds of Financial Advisors are out there?

The world is full of all different kinds of Financial Advisors- each has a specific area of focus. Here are a few significant ones to keep in mind:

  1. Investment Specialists- Investment specialists counsel clients on financial decisions. They will communicate with clients about their long-term financial goals, and financial history to drive their clients down a journey of achieving their goals. This can be especially beneficial for those investing in real estate. Companies like Evergreen Investments allow you to work with a licensed investment specialist who will develop a strategic plan based on unique needs.

  1. Broker dealers and dealers- This term describes a company or individual who buys and sells securities. These securities can be stocks, bonds, or mutual funds. They can buy on behalf of their clients.

  1. Certified Financial planner (CFP) A Certified Financial Planner is a Financial Advisor who has endured a meticulous trainings and passed certification exams for financial planning. They are experts in the areas of financial and estate planning, taxes, insurance, and retirement saving. The process of becoming a Certified Financial Planner is difficult, which proves these individuals can be trustworthy handling finances.

“CFPs have a fiduciary duty to their clients.”-nerdwallet

  1. Robo Advisor- Arguably one of the cheaper forms of Financial Advisors, a Robo Advisor is an automated investor management service.They will create and manage your portfolio using computer algorithms. This kind of Financial Advisor is best for those with smaller portfolios or who may just be starting their investment journey.

All in all, there are many kind of Financial Advisors out there to choose from. Whether you’re just beginning your real estate journey, or you have assets to manage, the perfect Financial Advisor is out there for you. Evergreen Investments can help you along your wealth management journey.

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