A Registered Investment Advisor (RIA) offers several benefits to their clients. They provide experience, skill, knowledge and discipline that the individual investor doesn’t usually possess. 

Most individual investors are not aware of all financial opportunities and they don’t have the knowledge to go forward with the best and current practices.

Through thorough examination, assessment, and explanation of all assets, liabilities, income, insurance, taxes, investments, estate, and retirement plans, an advisor can create a comprehensive and achievable financial plan that meets the goals of the client. A professional can point out financial weaknesses and advance financial strengths, as well as monitor the progress of the plan.

As goals, personal circumstances, and markets change, an advisor can adjust and revise plans and strategies. Clients can then feel confident about financial decisions and look forward to building a long-term collaborative relationship with their advisor.

In July 2008, the Financial Planning Association (FPA) conducted a survey. Their findings revealed, “people in a comprehensive financial planning relationship are nearly twice as likely to report feeling confident about their financial future as those without paid, professional support”.  

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(Note: quote from FPA and Ameriprise Value of Financial Planning Study)