Whether you’re looking long-term towards retirement or beginning to create a fund for your college-bound child, investing can be the path to get there. It may be tempting to handle this financial planning process on your own, but this could cause you to miss out on excellent opportunities to grow your portfolio. Here are several reasons why it’s worth partnering with a professional to help manage your investments. 

Why Should You Hire a Professional Financial Advisor?

1. Puts Your Preferences First

The best financial advisors take the time to listen to your goals and offer customized guidance on which investments to consider. They also take into account your risk tolerance, how much time you have to invest, and what companies align best with your values. You should never feel pressured into investing in specific stocks or afraid to ask hard questions about investment choices that you don’t understand.

2. Familiar With Market Fluctuations

Historically, the stock market ebbs and flows based on the economy, housing market, and other factors. The fluctuations can be nerve-wracking for individuals who have made significant investments. A professional advisor is familiar with the markets’ peaks and valleys, and they will tailor their guidance to ensure you remain on track with your long-term financial goals. 

3. Handles Complex Matters

High-income investors typically deal with intricate financial matters. These could be scenarios involving commercial real estate, inheritances, and managing family-owned businesses. When you work with an experienced financial advisor, you’ll receive investment suggestions based on significant life events such as a divorce, death of a spouse, or remarrying someone who has children from a previous relationship. 

4. Offers Comprehensive Financial Planning

Investing is just one part of managing and growing your income. A professional advisor takes a detailed view of the larger picture so that you have several options to consider. Comprehensive financial planning takes into account events and circumstances such as the tax implications of buying or selling real estate in another state or country. They can also help determine the feasibility of making portfolio changes triggered by under-performing stocks. Their main goal is to keep you financially stable and allow you to grow your accounts until they reach their goals. 

Headwaters Investment Counsel in Kirtland, OH, specializes in assisting high-income individuals and families with tailored financial planning. Owner Lathan “Skip” Murfey III has more than 40 years of extensive experience in providing investing selection and management. He, along with his team, never take a cookie-cutter approach to your finances. To learn more, call (440) 399-3359 to schedule a consultation. You can also go online for detailed information about the firm.