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3 Signs You Need a Financial Advisor

a couple who saw the sign that they needed a financial advisor

Wondering if it might be time to step up your wealth management and planning game? It might be if you’re experiencing any of these signs, that you need a financial advisor.

Author: Martin Lundgren

Looking for a sign you need a financial advisor? Chances are, this might be it! For many individuals, there comes a point where you realize you must dedicate more effort to your financial planning. 

While the tools and resources to manage your own finances are readily available, it can feel overwhelming. Hiring a financial advisor can save you time and stress by managing your financial planning, investments, and tax strategies. This lets you focus on your career, family, and hobbies. Additionally, a financial advisor can provide expert insights and tailored advice to optimize your financial potential. And, they can help you achieve long-term financial goals.

Read on to learn the three signs that it’s time and you need a financial advisor.

What does a financial advisor do?

Before we get into the signs, let’s clarify what a financial advisor actually does. A financial advisor provides personalized financial planning services, including budgeting, investment management, and tax optimization, to help you achieve your financial goals. 

For example, if you work in technology (as many of our clients do), there are many nuances that can impact your overall income. From stocks to other creative compensation packages, the decisions on how you manage your money can directly affect how (soon or long) it takes to reach your long-term goals. A financial advisor who understands your unique scenario can help you navigate these waters.

At Northern Lights Advisors, our process typically starts by getting to know our clients. Then, we assess their financial situation, develop a comprehensive strategy, and offer ongoing advice and adjustments based on changes in their lives or the market. We’re here to help guide our clients through complex financial decisions, such as retirement planning, estate planning, and major life transitions. (You can learn more about working with us here).

Ready to spot the signs you need an advisor? Let’s go!

Sign 1: Time is Your Most Valuable Asset

Ever notice how everything seems to happen at once? You may have noticed that now that your career is well underway, other responsibilities are demanding just as much time and effort. Whether it’s the pursuit — and paying for — of passions (such as outdoor recreation) or spending non-work hours with your family, there is one thing we are all short on: time. And you know what takes a lot of time? Doing your financial planning and wealth management — and doing it well. 

Perhaps you don’t like spending your valuable time on this, or you are not confident that you’re doing the right thing. An advisor is an excellent resource for helping you make sound financial decisions that support the future you desire while freeing your time.    

Sign 2: You Feel Like You Should Have More Saved

There’s a lot of advice out there suggesting that by certain ages, you should have ’X’ amount of your salary saved; for the most part, these are fairly accurate. But do you feel like you’re making a lot of money but not seeing savings? This is a big sign that you need a financial advisor.

Working with an advisor can help you examine your income and expenditures more closely. There are many reasons your savings might not feel on track, such as family-related expenses, lifestyle inflation, high living costs, lack of financial planning, substantial debt, or unoptimized investment strategies. 

(Hey, sometimes we all need tough love!). 

Sign 3: Your Money Situation Suddenly Changes

Sometimes, you get an obvious sign that you need a financial advisor. You experience a sudden significant change in money. Also known as trigger events, these can take the form of  

There are a few other changes that can impact your money situation, such as shifting your career to consulting or starting a new business. 

Experiencing a sudden change in money, such as an inheritance or a windfall from stock options, can be overwhelming and complex to manage. A financial advisor can help you navigate the tax implications, invest wisely, and create a strategy that aligns with your long-term financial goals. 

See the (Northern) Lights: Choosing the Right Financial Advisor

If you’ve seen any of the signs above, now is probably the perfect time to enlist an experienced financial planning and advising firm. But keep in mind that no two firms are the same. Getting your finances in order should be a personalized experience! It’s essential to make sure the advisor you choose can dedicate the 1:1 time needed to get deeply familiar with your details and your scenario. 

At Northern Lights Advisors, we understand how valuable your time is. Our goal is to help each of our clients make informed decisions, maximize the potential of their wealth, and avoid common pitfalls. Yes, your financial life can get quite involved. But this is where magic happens for our team. If you’re seeing the signs you need a financial advisor, we would love to meet. Simply schedule a meeting today. 


The information in this article is not intended as tax, accounting, or legal advice. Read the full disclaimer here.