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Why Do You Need a Financial Advisor?

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The Importance of Planning for Your Financial Future

“One common thing about great achievers is that they keep asking useful questions every day. They ask questions like, ‘What do I want and what do I need to do to get it?’ ” – Israel Ayivor

You are a professional. You understand the value of a disciplined approach. After all, that is how you became a professional. You also understand that part of being a professional is knowing when you need the assistance of another professional. For example, you probably do not perform your own medical procedures. I will go a step further and say that you probably do not accept medical diagnosis from family members, friends or neighbors just because you know them and they read something on the internet. To the contrary, when your health is at stake, you diligently seek out professional knowledge and care. Shouldn’t you take a similar approach to your financial health?

You have worked hard in your chosen profession, but how will you translate that into achieving your broader life goals? What strategy will allow you to grow, protect and ultimately transfer your wealth in accordance with your goals and passions? Chances are that you have some idea of where you would like to go from a financial perspective, but you may not how to get there. The good news is – that’s ok! One of the most critical steps in reaching your long-term goals is realizing that you need to work with a professional.

There may be hundreds of reasons why you need a financial advisor – tax planning, estate planning, investments, retirement, legacy planning… the list goes on and on. Put simply, you need a comprehensive strategy. You didn’t achieve your professional success by accident, and it’s not likely that you will achieve your financial goals without a comprehensive strategy. A financial advisor – the right type of financial advisor – can help you achieve your financial goals by working with you to create a comprehensive plan and joining you on the journey, every step of the way.

Achieving Your Financial Goals

Creative Planning would like to help you achieve your long-term goals, regardless of where you are on your financial journey.

We created this three-part mini-series to help you answer questions that are critical to your financial wellbeing.

1. Why Do You Need an Advisor?
2. Choosing Your Financial Advisor
3. Why Creative Planning?

We hope these articles bring some clarity to your financial journey.

So, what do we mean by the “right type of financial advisor” and “comprehensive strategy”? We believe the right type of financial advisor takes a long-range perspective, has the moral and legal responsibility to put your needs first, and is clear about his or her responsibilities 100 percent of the time.

We believe a comprehensive strategy is one that:

  • Is customized to you – your goals, needs, opportunities, risks and preferences
  • Maximizes your opportunities for growth in light of all other relevant factors
  • Protects your wealth as it accumulates
  • Preserves and transfers a financial legacy consistent with your goals

Creative Planning Sports & Entertainment is a specialty practice of Creative Planning. Each of our dedicated teams specializes in working with sports and entertainment professionals and includes an attorney, a CPA and a CERTIFIED FINANCIAL PLANNER™ practitioner. These experienced professionals serve as your partner in navigating the unique challenges of your profession while helping you remain on track toward achieving your long-term financial goals, both on and off the field/stage. For more information about how we can help you plan for your financial future, please schedule a call.

This commentary is provided for general information purposes only, should not be construed as investment, tax or legal advice, and does not constitute an attorney/client relationship. Past performance of any market results is no assurance of future performance. The information contained herein has been obtained from sources deemed reliable but is not guaranteed.


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