Today, so many things can be done just through your phone. However, these “convenient” apps often lack a lot of elements that users would get from the real deal. Utilizing a real, in-person financial advisor gives you several advantages over the investing apps that claim to do the same things.
The main element of a financial advisor that an app will never be able to accomplish is the personal touch that comes from working one-on-one with an individual. Apps are strictly quantitative; they are just following their programming. With an advisor, you are working with someone who will develop a genuine understanding of you and your financial needs and goals. Talking to a real, live person allows you to make sure your thoughts are heard and actually understood and get the answers you are looking for. Your financial advisor can understand your short, medium and long-range goals and help develop a plan that puts all of those into consideration.
As markets move, your finances may need to be changing with them. A financial advisor stays on top of a rapidly changing market. With that information and your financial plan in mind, they can make the appropriate decisions for you. When markets are moving, an app is not going to tell you what to do, but your financial advisor can. They will make sure you are on track to reach your goals.
Financial advising apps offer users convenience and the ability to get things done yourself- but sometimes doing it yourself isn’t what is best when it comes to your money. Managing your investments properly can be a complicated process. Even just truly understanding where you stand financially can be difficult. Financial advisors have the skill, education and time to make sure everything is done properly. By entrusting this process to an expert in the field, you no longer need to research what to do, evaluate options or make hard decisions you may not understand. Financial advisors also help you across many of your financial needs. They are more than just financial advisors. They educate, coach, communicate and plan with their clients.
If you are needing the expertise, personal touch and understanding that comes with a financial advisor, come in and talk to us at PR Wealth. We take an academic approach to investment planning to give our clients a satisfactory long-term return all while managing risk.