Iowa Fiduciary

Does My Financial Advisor Need to be Local?

Hiring a financial advisor is one of those pivotal life decisions that can dictate the path of your financial future for decades to come. While technology has made it easier to get advice remotely, are there benefits to meeting an advisor in-person? Let’s find out. 

When it comes to choosing a financial advisor, it’s important to find someone with knowledge that aligns with your needs and goals. For many clients, the lack of understanding or the uncertainty of the markets is daunting. An experienced Fiduciary will help you create investment strategies to help you generate wealth during your retirement.

From IRAs, stocks and bonds to investment portfolios, taxes and investments – handling your own finances can be daunting – especially when there are competing interests at stake. A qualified advisor can analyze your situation and help ensure that you are heading in the right direction while getting the most financial benefit from your retirement years. Here’s what you need to know about having a financial advisor or fiduciary near you.

Remote vs. Local

Whether you choose to work with a local or remote advisor within the broader part of the USA – an assessment of your personal and financial needs is critical to developing an investment plan. If you’re comfortable with mobility and have a good perception of the advisor’s characteristics, knowledge, and skill to achieve your financial goals –then distance won’t be an issue.

However, if you prefer traditional in-person visits, working with a local advisor is best. Local Iowa advisors like Matthew P. Johnson know the markets, current laws and legislations. Not only is he a well established financial advisor, he is also a Fiduciary. The biggest difference between fiduciary vs. non-fiduciary financial advisors is the standard they’re held to when advising clients. 

You can quickly tell a Fiduciary from a non-Fiduciary financial advisor. Financial advisors who are fiduciaries will want to know your history, including your family, investment history, hopes and future dreams. A non-fiduciary could be more concerned with what they can sell you—and probably less concerned with your particular situation or needs.

Adjusting to Life’s Changes

Nowadays it may feel like we’re busier than before. With that said, your busy schedule might not allot time to waste on finding the right financial advisor. When you’re looking for a financial advisor, you may need to look beyond your local neighborhood. Advisors have been actively working with local and distant clients for years. 

Regarded financial professionals generally have clients scattered throughout the states, and at times have international clients. It’s essential to select an advisor who is capable of walking you through the hurdles of life in order to keep your goals on track.

There are many circumstances that come into play when finding an advisor. At times, a client’s location may limit the selection of local financial advisors, making it necessary to work with a remote advisor. Or perhaps, you might move to a different state and switch careers, leaving you with the decision to find an advisor remotely.  When it comes to life’s financial planning, the end game is to find a good match for your location. The bottom line for all financial advisors is to help ensure a continued open line of communication between both parties.

Doing Your Part

A study from Northwestern Mutual of the attitudes and behaviors of American adults toward money found that 71% of them felt their financial planning needed improvement, while only 29% work with a financial advisor.

Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.

Before you choose a financial advisor or Fiduciary, do your part and research a couple places to see which one is the best fit for you. It’s important to remember that there is no “one-size fits all” advisor for people. Find someone who will cater to your needs and adjust and grow with you as you navigate through life and the changes that come with it.

Ask for references, talk with the current clients, and check out the governing financial agencies if you’re looking for disciplinary history.  All financial advisors within the U.S. operate according to the law governed by standards and regulatory guidelines. Don’t be afraid or intimidated to ask the advisor about the information you find. 

Full-Service Fiduciary Services from Johnson Wealth and Income Management

Finding the right financial advisor near you may seem intimidating, but it’s not that difficult. You just need to remember a few things.

The right financial advisor will help determine the amount of risk you can afford and navigate you through the events that impact your future. Plan for the unexpected, discuss the past year’s activities and make the necessary changes as you move forward. Keep all of this in mind when you’re hunting for the right advisor, and you’ll be on your way to building a retirement strategy you can feel good about.

Iowans are known to be hardworking people that enjoy a lifestyle of moderate measures. At Johnson Wealth and Income Management, we provide an array of services to our clients in the beautiful state of Iowa. From tax planning to investment strategies, our commitment is to help you work towards achieving all your financial goals and to help provide you with a “worry free” retirement.

When you work with us, we won’t just ask about your financial situation. We want to know about your broader life circumstances, because we believe the more we learn about you, the more effectively we can help you with thoughtful financial advice for your unique situation.

Are you currently looking for a financial advisor or Fiduciary? You can trust that our advisors will always put your needs ahead of their own. It’s our legal obligation to you as Fiduciaries, but it’s also simply the right thing to do. Contact us here today to start the conversation. 


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