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The Need for Financial Advisors

            How often does one think about money? These days it seems the world only cares about money and for good reason. Money makes the world go round and can make one's life a lot easier. One of the easiest ways to accumulate money is through investing. It is easy because you do not have to put forth any effort to accumulate more money unlike working for a paycheck. Buy a couple of stocks and hope the value rises over time. Of course, it is not that simple or everyone would invest in stocks and be rich. Investing takes patience and a lot of research. Some would say that investing all the money they have saved over the years is best left to a professional advisor; while others prefer to save the costs associated with having an advisor and invest on their own. However, the added benefits that come with having an advisor such as the professional advice, expertise, and life planning, make the fees worth the investment in the end. .
             First of all, it is useful to know how advisors are compensated for their advice. Many advisors are paid by sales commissions and marketing fees which are called loads (Do Financial Advisors Earn Their Keep?). Loads are just small fees that are attached to funds bought by an investor or a client through a broker to handle transaction costs. Brokers are not always advisors because brokers don't have to offer advice to clients, brokers only help them buy or sell certain investments. This is because brokers are not held to a fiduciary standard, which is putting the clients interests first (Do Financial Advisors Earn Their Keep?) This means that brokers make money by putting investors into certain investments that make commissions. This is a reason many people are trying to avoid using brokers and advisors that are not certified. Investors who pay extra fees to advisors and brokers that do not have their clients' best interests in mind waste lots of money each year, hurting their returns.


Essays Related to The Need for Financial Advisors

1. Why Become A Financial Advisor

WHY BECOME A FINANCIAL ADVISOR? ... This increases the demand for financial advisors because people need advice on where to invest this money. ... As a financial advisor, you can be well rewarded for your efforts. ... Well, as a financial advisor, you are able to plan your day. ... The need for financial advisors is growing quickly in demand, not only from people, but also from business looking to expand into the financial service area. ...

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2. Fiancial Planning

Certified financial planners examine the assets of their clients and suggest what kind of steps they need to make in order to meet their goals. They take a broad approach to financial advice, which distinguishes them from other professional advisors. ... They meet with their clients" other advisors, such as attorneys, accountants, trust officers and investment bankers. ... People need financial planners for different things. ... Many people think that they sdo not need a financial planner to tell them what they can and cant buy so this makes the job that much harder. ...

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3. Mandatory Advisor Sessions

If you don't see an advisor and you register online you may register for too many classes or take classes that you do not need. ... Advisors can also help you manage your class hours around your work if need be. ... Another positive thing about seeing an advisor is you can discuss with him or her career prospects within a major and what you need to be taking to accomplish your goals. ... The longer you stay at a university the more money that you put into the institution, which means if you are dependent on financial aid, there will be more money to pay back. ... The advisors want to make...

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4. Business Analysis - Woodbury Financial Services

Woodbury Financial is a separately incorporated subsidiary and affiliate of AIG Advisor Group, Inc., which in turn is a subsidiary and affiliate of SunAmerica Financial Group ("SunAmerica"), which is owned by American International Group, Inc. ("AIG") (Woodbury Financial, 2012). ... The purpose of the Transition Department is to assist new financial professionals transitioning to Woodbury Financial by developing customized plan and timeline based on advisors need. ... In order to ensure a smooth transition for Woodbury's financial advisors, it is important to analyze...

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  • Grade Level: Undergraduate

5. College Athletes and Financial Compensation

He said "Going into college, I never thought I would need another job, now would I have a worry in the world. ... With a scholarship check of $600/month, the cost of living on the rise, food, gas, and anything else that was needed, I had to reevaluate my stance on getting a job.... In addition, I believe paying college athletes would help to begin creating a sense of financial awareness. ... In an ESPN documentary, it gave an inside view of the financial woes of many professional athletes. ... Many of these players blamed poor investments, trusting unethical financial advisors and lavish ...

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6. Financial Difficulties for Professional Male Athletes

The executives of these organizations should provide resources to assist the athletes with their money management to ensure financial security. There are many different variables when referring to male athlete's financial difficulties. For example socioeconomics, financial literacy, and family relationships are just a few factors that play a huge roll in an athlete's finances. ... " Professional male athletes need to have financial goals that would make their earnings sustainable for their life time. Agents, professional financial advisors, public accountants, and respected att...

  • Word Count: 486
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  • Has Bibliography
  • Grade Level: Undergraduate

7. Venture Capital

Professionally managed venture capital firms generally are private partnerships or closely held corporations funded by financial institutions, private and public pension funds, endowment funds, foundations, corporations, wealthy individuals, foreign investors, and the venture capitalists themselves. ... These types can be private equity firms, banks, financial institutions, private corporations, Insurance companies or the Government. ... To assist in making investment decisions, venture capital companies appoint technical advisors to study the applicants" business plans. These technical a...

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8. Buying A Property

This property is in need of refurbishment. ... The Financial Advisor The next step would be going to talk to my financial advisor at Nationwide. ... On top of that I will need to pay £2,300 (10%) for my deposit. ... I would need to write to the local council for searches about the house I am buying. ... The Vendors solicitor would need to write, and send me a draft contract, which I could then analyse, and finally complete a final document. ...

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9. 3 Career Field Analysis

Financial Analyst Introduction: Financial analysts analyze financial information to forecast business, industry and economic conditions. ... Skills Used: Skills needed with a high ability in this occupation would be: complex problem solving skills, reading comprehension, critical thinking, information gathering, idea evaluation, judgment, decision making and processing data on computers (Choices, Financial). ... Very little physical strength is needed. ... Conclusion: The globalization of the securities markets as well as the increased complexity of many financial products also will ...

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  • Approx Pages: 5
  • Grade Level: High School

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