Choosing a Finance Professional

Let a finance professional help you plan and invest for the future. Research in behavioral finance indicates investors who follow professional advice generally make better decisions (Cussen, 2019). Cussen inferred finance professionals who earn their income by performing advisory functions (including research) operate best when selecting investments that are held in a securities portfolio based on strategic asset allocation tailored to the risk-averse U.S. investor rather than trying to beat the capital markets or hedging bets through sector rotation, market timing, or other active trading practices. Hogan (2020) suggested investors working with trustworthy finance professionals save more money for retirement than those who do not hire an adviser. Chang (2020) and Menichella (2020) suggested it is worth paying advisory fees to finance professionals who help you develop a strategy for investing that helps to minimize taxes, avoid emotional decisions, lower risk, and structure withdrawals. When selecting a finance professional, Chang (2020), Hogan (2020), Menichella (2020), and Cussen (2019) concur that it is best to choose a fiduciary who has a duty to act primarily for the benefit of our clients.  Do you want help from a finance professional who is a fiduciary?
 
References

Chang, E. (2020 July 16). Should I Get a Financial Advisor? U.S. News & World Report, L.P. Retrieved from https://tinyurl.com/yxz5ooub

Cussen, M.P. (2019 June 25). How Financial Advice Can Boost Your Returns. Investopedia. Retrieved from https://tinyurl.com/y5uwzyo2

Hogan, C. (2020). How Does a Financial Advisor Get Paid? Should You Use One? Lampo Licensing, LLC. Retrieved from https://tinyurl.com/yyhon3ue

Menichella, B. (2020). Want A Better Investment Return In Volatile Markets? Consider Hiring A Financial Advisor. Forbes Media, LLC. Retrieved from https://tinyurl.com/y2jrp7kc

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