Did you know? Only ~35% of Americans work with a financial advisor. Another shocking stat: A recent study found that ~79% of Millennials and Zoomers have received financial advice on social media.
While social media, apps, and other online resources can play a helpful role in financial education, it’s not the only thing young investors should rely on.
The best bet of all? Taking your wealth-building advice from a real-life expert with real-world experience — like the pros at WealthSouth. From inflation to cryptocurrency, they have valuable perspectives on how current events can affect your finances, as well as how to mitigate those risks.
“Young professionals are busy and, in my experience, they are looking for someone to help them determine and coordinate their overall financial strategy,” WealthSouth’s John Cadwell says. “There are many investment options with new and emerging technologies, and while young professionals we work with are looking for someone to help them navigate investments, they want help with debt consolidation strategies, insurance, estate planning, overall cash flow, and retirement planning.”
If you fall into the 65% who aren’t currently working with a financial advisor, here are three important ways a financial advisor can help you as you begin your financial journey. Financial advisors can:
- Help make sense of your situation and analyze important data unique to you.
- Provide important connections between you and your other financial partners, such as attorneys and accountants.
- Brainstorm wealth-building strategies with you, and answer questions along the way.
Consider adding a trusted financial advisor from WealthSouth to your list of tools + resources that can support you on your financial journey.
According to a recent survey, what percent of Millennials said they’d like to retire before the age of 65? Take a guess.*