03/13/2026
3 risks you face if your financial advisor only provides investment management 👉📊
❌ Paying too much tax – If your advisor doesn't have a complete picture of your financial situation and isn't willing or able to create a comprehensive plan for converting your assets into income, you might be paying too much tax. To keep your total taxes paid as low as possible over your retirement, your financial advisor must understand all sources of income, all assets, and all liabilities.
📉 Taking too much risk – If you can reach your financial goals with lower risk, lower volatility investments, why endure the stress of market fluctuations? Knowing where you are now by creating a financial starting point, then having conversations about what you want to achieve are essential for defining how much risk you need to be taking.
🤷♀️ Estate complications – In order to smoothly and efficiently transition assets to the next generation, your advisor must review the contents of your will. Common issues identified are unintentionally creating unequal distributions, subjecting assets to probate fees unnecessarily, and large, unfunded estate tax liabilities. The last thing you want is a challenge to the will under the Wills Variation Act.
