Working with a Financial Advisor in Logan, UT
If you feel overwhelmed by your finances, working with a financial advisor in Logan, UT, could be your solution. This article explores how a financial advisor can help you organize your finances, make decisions easier, and achieve your goals. It also provides tips for finding a financial advisor in Logan, UT.
However, before you search for a financial advisor, it’s important to understand that there are several types of financial professionals. In this article, we focus on financial advisors who are fiduciaries. A fiduciary is legally obligated to act in your best interest. This means they must put your interests ahead of their own when making financial recommendations.
Why do we believe working with a fiduciary is important? Well, some financial professionals may recommend products that benefit them financially, even if those products aren’t the best option for you. Fiduciaries, on the other hand, must recommend strategies in your best interest.
What Financial Advisors Do
Now that we’ve covered why working with a fiduciary could benefit you, let’s talk about what financial advisors do. Financial advisors can help with a variety of services. For example, they may help you with specific, one-time projects; provide investment management; or offer ongoing financial planning and investment management.
One-time projects might include creating a financial plan you implement on your own or analyzing your stock options and recommending how to optimize them. If you need help with a specific financial task, many financial advisors can provide this guidance.
If you’re looking for ongoing investment management, a financial advisor can help you create an investment strategy based on goals like retirement. They can help you choose investments that align with your objectives and risk tolerance, and can monitor your portfolio’s performance over time. They can adjust your portfolio, completing tasks like rebalancing so that your portfolio continues to reflect your goals and life changes.
If you’re looking for ongoing financial planning and investment management, a financial advisor can provide a comprehensive approach to your finances. In addition to investment management, they may provide financial planning that includes tax, retirement, and estate strategies, to name a few services.
Finding a Financial Advisor in Logan, Utah
Now that you know what financial advisors do, you might be wondering how to find a fiduciary financial advisor in Logan, UT.
One tip is to find local advisors on FeeOnlyNetwork.com or the Find an Advisor website by the National Association of Personal Financial Advisors (NAPFA). These search tools list only fiduciary advisors. You can also ask for referrals from friends, family, or colleagues who have worked with a financial advisor in Logan, UT.
Once you’ve found a few potential advisors, check out their websites to understand their services. You can see if they are fiduciaries and look at other considerations, like how they are paid. Fee-only advisors, such as our fiduciary wealth management firm, receive compensation from their clients only, while commissioned or fee-based advisors may receive commissions from companies for the financial products they recommend.
Next, you can schedule a consultation. This meeting is an opportunity to share the concerns prompting you to seek a financial advisor and discuss how this particular advisor may help you. You can ask about their experience, qualifications, and approach to financial planning. It’s important to find an advisor you feel comfortable working with and who understands your goals and values.
Schedule a Call
Working with a financial advisor in Logan, UT, may help you achieve your goals and make your financial decisions easier. When choosing an advisor, consider a fiduciary so you can feel assured your interests come first. Also review their services, how they get paid, and their qualifications and experience. With the right advisor by your side, you may feel more confident about your financial future.
Our fee-only, fiduciary advisory firm offers a 15-minute call to discuss your concerns and situation. Schedule a call today.
This material was generated using artificial intelligence (ChatGPT) and edited by Kaleido Inc. from information derived from sources believed to be accurate. This information should not be construed as investment, tax, or legal advice.
Parkshore Wealth Management is a family-owned, independent, fee-only Registered Investment Advisor with offices in Roseville and Folsom, CA, and Lehi and Logan, UT. We partner with financially responsible individuals and families who are eager to take positive steps that will allow them to use their money to build the life they desire. The firm is led by Harold Anderson, CFP®, and Daniel Andersen, CFP®, both members of NAPFA, the country’s leading professional association of fee-only financial advisors.