When to seek the aid of a financial counselor?
Professional advice -- Steve Sorensen It would be ideal to have a setup in which everyone has their own financial counselor or advisor, checking in every now and then for any big purchasing or investment decision. Yet in a more realistic setting, having a financial advisor can be quite costly, with some charging a fee equal to one’s invested assets because, well, they have a make a living from the expertise they provide. A careful analysis -- Steve Sorensen Therefore, a careful and thorough cost/benefit analysis is essential before deciding on hiring a financial counselor, considering the costs and what we expect in return. Keep in mind that there are reasons that should get one going down this road, including a lack of a financial roadmap. A financial advisor can get one back on the right track after they feel that they’ve lost their sense of financial direction. Third-party help -- Steve Sorensen Another reason for getting a financial counselor is one’s general disposition.