Why Do I Need a Financial Planner?

financialplanner article

Presented by: Zachary Messina, Director & Private Wealth Advisor

Read Time: 3 MIN

Personal finance management can be a challenging task for many individuals, regardless of their income level or financial literacy. This is where a financial advisor can be incredibly helpful.

According to the 2019 Vanguard study, working with a financial advisor can potentially add value to an individual’s investment portfolio. The study found that investors who work with a financial advisor can benefit from an average increase of 3% in returns over a 10-year period compared to those who do not work with an advisor. This increase in returns can be attributed to a variety of factors, including personalized investment advice, risk management strategies, and disciplined investing.

One of the most significant benefits of working with a personal financial advisor is the personalized advice and guidance they can provide. A good financial advisor will take the time to understand your individual circumstances, goals, and risk tolerance and help you create a customized financial plan that aligns with your objectives. They can also provide guidance on how to manage your assets, reduce your debt, and ensure that you have adequate savings for the future.

In addition to personalized advice, a personal financial advisor can also help provide you with peace of mind. By working with a qualified professional, you can rest assured that your finances are in good hands. They will monitor your investments and adjust as needed to ensure that your portfolio remains aligned with your goals. This can be particularly valuable during periods of market volatility or economic uncertainty when it can be challenging to stay focused on your long-term financial objectives.

Another benefit of working with a personal financial advisor is the time and effort they can save you. Researching different investment options and trying to make sense of financial products can be time-consuming and confusing. A financial advisor can do the legwork for you and provide you with clear, concise recommendations that are tailored to your needs. This can save you valuable time and allow you to focus on other areas of your life.


Zachary Messina, Director & Private Wealth Advisor, may be reached at 248.924.3129 or zmessina@ewmadvisors.com

EWM does not offer tax or legal advice.Executive Wealth Management (EWM) is a Registered Investment Advisor with the Securities and Exchange Commission. Reference to registration does not imply any specific level of qualification or skill. Investment Advisor Representatives of EWM offer Investment Advice and Financial Planning Services to customers located within the United States. EWM does not offer tax or legal advice. Executive Wealth Management, EWM Tax Solutions, and EWM Legal Services are affiliated but separate companies.