hiring a financial advisor…
Magic was a curious cat, but she was wise about her curiosity. She would sit and watch before she moved, making sure she "researched" the various angles.
We think a lot can be learned from Magic when it comes to finding a service provider too.
What Do Financial Advisors Actually Do?
One of my clients has often said to me, “I don’t know what I don’t know,” which may answer the question of hiring a financial advisor. This leads to another question, what does a financial advisor “do?” If you look at the expectations of CFP deliverables (this is not to say an advisor has to be a CFP, but it describes the process), financial advisors may do the following:
Financial statement preparation and analysis (including cash flow analysis/planning and budgeting)
Income tax planning
Estate planning (For related reading, see: What Do Financial Advisors Do?)
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