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Why Do You Need a Financial Planner?

Wealth management (building your financial health) is vital to achieving a financially secure future, yet many young professionals remain confounded by money related matters. According to a study by the Center for Generational Kinetics, only 38% of Millennials surveyed said they know exactly what a financial planner does. A high majority (62%) said they would like to be walked through every step of the retirement planning process.

A financial planner can offer you guidance on financial goals, such as retirement planning, tax planning, saving for a house, or children's’ college education funds. A comprehensive approach will include a range of services, from wealth management to retirement planning, risk management, cash flow analysis, estate planning, and budgeting to help you accumulate savings for investment.

Many millennials are under stress to pay off student loans and cannot imagine having sufficient money to invest for the future. However, having a financial planner could greatly benefit them in a myriad of ways. First, millennials can start contributing a small monthly amount to an IRA, which the financial planner would then manage. A financial planner can also give advice on how to choose investments for 401K plans. Even if the amount in the accounts is small, the monthly contribution combined with the financial planner’s advice on which investment options to choose may allow the account to grow substantially over time.

Having a financial planner who is also a fiduciary (someone who puts their client’s interests ahead of their own) can offer peace of mind that the advice you are receiving is unbiased by the investment products they may recommend. A financial planner can help you tackle debt and manage wealth for your future and children’s future. They can provide guidance through all of life’s stepping stones - marriage, buying a house, having children, saving for their college, and your own retirement.

If you would like to inquire more about our services and how we can help you plan for your future and manage your wealth, please call 515-557-1860 or email us at We look forward to hearing from you.

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