Are Financial Advisors Worth It? Insider Tips You Should Know

Are you wondering if a financial advisor can help you achieve your goals? Find out the different types of advisors, typical fees charged, and how to do background checks. Money Girl has insider tips about who can help, who to avoid, and where to find the right financial professional for your situation.

Laura Adams, MBA
2-minute read
Episode #584

Whether you’re confused about how to handle money, got a cash windfall, or just want to know that you’re on track for a comfortable retirement, a financial advisor can help. But many people are confused about what advisors do and if they’re actually worth it.

While everyone’s situation is different, and not everyone needs a financial advisor, it’s important to understand the services these professionals provide. So, I turned to a fellow podcaster and former advisor for insider tips.

In my interview with Joe Saul-Sehy, creator and co-host of the popular Stacking Benjamins podcast, we discuss key points you should know about working with a financial advisor. As a 15-year industry veteran, Joe's shares many insightful and somewhat surprising tips.

Here are some of the topics we cover:

  • What a financial advisor actually does for you
  • Different types of advisors and fees they charge   
  • Whether you’re a good candidate for working with a financial advisor   
  • Key questions to ask a potential financial advisor
  • What the reception area of a financial company tells you about a potential advisor
  • Where to check the background of a financial advisor 
  • Online sites to find a great financial advisor

[Listen to the interview using the embedded audio player or on Apple Podcasts, Stitcher, and Spotify]

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About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.