What Do Financial Advisors Do?

What Do Financial Advisors Do?

July 24, 2019

Don’t make the mistake of believing that a financial advisor is only for people who already have plenty of money. Whether you’re making six figures a year or you’re barely making ends meet, a qualified financial advisor can do wonders for your bottom line. All you need to worry about is choosing the best financial advisor in Hayward, CA.

What Is a Financial Advisor?

The term “financial advisor” is an umbrella term applied to professionals who undergo rigorous training in a diverse variety of financial disciplines. Whether you’re working on managing your debt, you’re planning for the future or you simply want to make a few extra dollars with investments, you’re going to need the services of a financial advisor.

How Can a Financial Advisor Help Me?

Before you select a specific financial advisor in Hayward, CA, you’re going to want an idea of the particular services you’re looking for. Remember, not all financial advisors are created equal. With that in mind, here are some of the primary functions carried out by financial advisors:

  • Investing: Perhaps the most well-known job of a financial advisor is as an investment planner. A smart financial advisor can help you find a great mutual fund, steer you toward wise decisions in the market and help you understand the risks associated.
  • Retirement planning: It’s never too early to start thinking about the retirement of your dreams. A financial advisor can help ensure that you have enough capital to live the life you deserve to live when retirement rolls around.
  • Tax advice: You’re not the only one who becomes a little overwhelmed when the topic of taxes comes up. Fortunately, a financial advisor can help you make smart decisions when dealing with the IRS.
  • Estate planning: Make sure your hard-earned assets end up where they’re supposed to be with help from a financial advisor. Whether you’re divvying up your assets or you’re expecting an inheritance from an estate, a financial advisor can help you make sense of the process from start to finish.
  • Healthcare planning: A financial advisor can help you and your spouse add security during retirement by offering a budget strategy that will last well into your golden years.
  • Debt reduction: Those people who find it challenging to pay bills while whittling away at their debt could find a real partner in a talented financial advisor.
  • Financial planning: In the market for a new house, but you’re not sure how to begin saving? Hoping to send your kids off to college without breaking the bank? A knowledgeable financial advisor can help you achieve these goals and more.

Put Your Finances in Sound Hands

There’s no end to the potential good that a financial advisor can accomplish for their clients. Those searching for a qualified financial advisor in Hayward, CA need look no further than the highly-trained team at Menjivar & Company CPAs, Inc.

No matter your financial needs, a member of our staff is ready to help you meet your goals. Visit our website today to set up an appointment and let one of our passionate advisors set you on the path to financial security.

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