Often, my friends will say to me, “When I have money, I’m going to come and see you.” This makes me a little sad. First, as a profession, we financial planners must put out a message that says, “Non- millionaires need not apply.” That’s not the case. Everyone deserves help getting a money plan in place, no matter where you are in your wealth building journey.
Now, not all planners can be all things to all clients. For example, if people are having trouble staying out of credit card debt, I’m not the best person to help with that. But guess what? I have kind and qualified friends who are budget creating experts and I am happy to refer folks to them.
Some people have good savings habits and a start on goals such as retirement and college savings. They don’t have a lot saved yet, but are on their way. However, there are lots of needs bombarding their budgets and they need help sorting and prioritizing. That’s where an hour spent with a fee-only financial planner (like me!) can help.
Paying a financial adviser for time spent answering your questions can be a fast, no-hassle way to fine tune your savings and investment plans. No sales pitch for annuities to follow!
My point is, even if you encounter lots of investment advisers with high asset minimums for their client base, that’s not all of us! Don’t give up and keep searching for an adviser that can meet you where you are in your financial voyage.
Last, keep an eye out for opportunities to meet with a financial planner for free. The Financial Planning Association has several events per year where you can sign up to speak to a Certified Financial Planner ™ licensee for free for 30 minutes. Other openings include call in banks like MoneyLine 9. Financial planners aren’t such a bad group – many of us volunteer our time to make sure everyone has a chance to get quality money advice.