Why Hire A CFP®
By: Brian A. Magnan CFP®, AIF®, CEPA®
Director – Magnan Family Wealth Management
Why hire a CFP® as your advisor? After doing this for 33 years, I think it boils down to three simple reasons.
1. Delegation - Is time our most valuable resource? How do you really want to spend your days? We cannot get back time spent, but we can create more time in the future by delegating out our responsibilities. Delegation comes in many forms. A few examples are hiring someone to clean your house, cut your grass, or perhaps, a CPA to do your taxes, an attorney for your legal concerns, or a CFP®, to coordinate your financial life. However, once you find a good service and you can afford them, you probably will never go back to doing it yourself ever again.
2. Wealth Plan - Goals, purpose, proactive decisions, revealing blind spots, unpacking misconceptions, current events, contributions, withdrawals, inflation, taxes, lending, insurance, estate planning strategies, family dynamics, spousal involvement, ownership, compensation, succession, investment products, volatility, asset allocation, and diversification. A wealth plan worth anything requires both intellectual and emotional capacity. Also, staying up to date on this isn’t easy. All these inputs are constantly changing.
3. Discipline — Eating healthy daily? Ever fall off your exercise routine? As humans, staying on a plan will forever be our greatest challenge. I love this drawing from Carl Richards. It depicts how the advisor can provide protection from the big mistake. We have compiled a long list of big mistakes we have seen over our career that have had tremendously negative impacts on the future outcomes of a wealth plan. Happy to share it with you. Reach out to me for a copy.
What services and benefits do we provide you that you find valuable? What services do you wish we provided? I absolutely love hearing these responses, so please share.
Wells Fargo Advisors Financial Network does not provide legal or tax advice. Wells Fargo Advisors Financial Network did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors Financial Network or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request.
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