Scottsboro, Alabama

3 Questions to Expect at Your First Wealth Management Consultation February 7, 2017

Scottsboro, Jackson
3 Questions to Expect at Your First Wealth Management Consultation, Scottsboro, Alabama

When you need help getting your finances in order, an advisor can help you develop a sound wealth management strategy designed to help grow your savings and prepare for your retirement. Whether it’s your first time meeting with an advisor to discuss your investments or you’re starting to plan for retirement, the advisors, professionals or team at Scottsboro, AL’s Raymond James Financial Services, member FINRA/SIPC, wants you to be prepared to answer a few questions.

What Are Your Current Financial Goals?

Do you want to grow your wealth to save up for a dream home or are you saving for your child’s college education? Understand what your end goals are so you can communicate that information to your wealth management advisor and come up with a viable strategy.

Do You Have a Retirement Account?

Wealth managementMany employers offer retirement plans to employees. If you’re making monthly contributions to a 401(k) through your employer, bring that information with you. The better your wealth management professional understands your financial situation, the better they can tailor a strategy to help you reach your goals.

Do You Understand Your Risk Tolerance?

Investments involve a degree of risk, regardless of the type of assets you’re working with. Generally, the closer you are to retirement, the lower your risk tolerance is, meaning you’re unwilling to make investments that could potentially pose a threat to your lifetime of savings. Understanding your risk tolerance and financial goals will help you better understand your existing portfolio and any changes that can be made to grow your wealth.

If you’re ready to take the next step in planning for your future, schedule a consultation with a wealth management professional at Raymond James Financial Services. Their dedicated team has helped Scottsboro residents with retirement and investment planning since 1962. For more information on their advisors, visit their website or call the office at (256) 575-8160 to schedule an appointment.  

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