Top 5 Ways a Financial Advisor Can Help You #PlanWell2LiveWell
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Top 5 Ways a Financial Advisor Can Help You #PlanWell2LiveWell

Author: Sound Choices

October 3, 2018

October 3 is World Financial Planning Day (#WFPD). WFPD is a part of World Investor Week (WIW), which takes place October 1-7 and raises awareness about the importance of investor education and protection.

Today there’s no shortage of information available about the markets and plenty of people ready to share their opinions with you.

So how do you begin to make sense of it all, figure out what to do with your money and put your personal financial plan into action?

Just as you would seek professional help with your health, consulting a professional can make all the difference.

Investors who work with a financial advisor
have a net worth 4.2 times higher
than those who go it alone.

Source: IFIC, The Value of Advice Report, 2012.

A financial advisor can play an important role in your investment future. Through every life-stage and during specific events, he or she can help you define your goals and stick to your plan, providing customized advice for your personal situation. Financial advisors can also answer your questions and teach you about different concepts and best practices.

A financial advisor can help you:

1. Put together a financial plan

Your advisor can help create a thorough plan that outlines the necessary steps to ensure you have enough money for your individual goals including retirement or a child’s education, as well as large purchases such as a house, car, cottage or wedding. They will also help you revisit your investments if your goals, priorities and circumstances change.

2. Choose investments that align with your goals

A financial advisor will help you to make sense of the thousands of financial products available, choosing those that align with your personal goals. They can also help you to focus on reducing debts and saving for the future.

3. Learn about financial-planning concepts and best practices

Working with a financial advisor will give you an opportunity to learn financial-planning concepts and best practices. Financial advisors have the expertise to help you understand current market events and how they may impact your investments. He or she can answer your questions and ensure you understand every step of the process.

4. Stay disciplined, monitor your portfolio and make changes as necessary

An advisor will consistently monitor your investments and your progress towards your goals. If markets rise dramatically or if a certain segment of the market significantly weakens, your advisor has the expertise to understand what has taken place, what the outlook is, whether your portfolio needs to be repositioned and how to make those adjustments. Also, if your portfolio should stay the course, he or she can help you stay disciplined in the face of market uncertainty.

5. Know when other experts are needed

Financial advisors can be your key point of contact and refer you to other experts when needed. He or she can not only guide you when to consult tax planners and accountants but also help you to navigate estate responsibilities.

Contact a financial advisor.

He or she can help provide the needed expertise and experience to help you reach your goals – and adjust your plan when the markets or life events change your circumstances.

Related articles

Do you need a financial advisor?

Staying on course: How your advisor can help you achieve your goals

Every effort has been made to ensure accuracy at the time of publication, however accuracy cannot be guaranteed and AGF takes no responsibility for reliance on the information contained herein. The contents of this Web site are provided for informational and educational purposes, and are not intended to provide specific individual advice including, without limitation, investment, financial, legal, accounting or tax. Please consult with your own professional advisor on your particular circumstances.


About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

For further information, please visit

© 2018 AGF Management Limited. All rights reserved.

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