This Fortune magazine article discusses how to know if you should meet with a CFP and features insight from Treehouse Wealth Advisors’ Diane Bourdo, CFP®.
Bourdo describes various life and financial situations that can prompt someone to take the next step to organize their finances, saying, “From layoffs and pay cuts to hospital bills, many financial situations can prompt a need to think about your finances and get your money organized.” She recommends that “One smart step toward financial preparedness is to work with a financial adviser.”
The article provides other potential reasons one might seek out a financial advisor, including:
- A job loss, promotion, or major career transition
- A recent engagement, wedding, or divorce
- Receiving an inheritance
- Expanding your family
- Starting your own business
- Entering into retirement
The article also discusses the cost of a financial advisor and several ways that you might be able to have a 1:1 with a financial advisor at a decreased cost or no cost:
- Check your benefits plan at work.
- See if you qualify for pro-bono services.
- Start with a free consultation.
This article concludes by affirming that your financial plan may involve many moving parts and that a trusted financial planner will guide you through the process as you earn more money, work to build wealth and navigate any circumstances that come your way.
Treehouse Wealth Advisors is a fee-only wealth management firm based in the San Francisco Bay Area, serving innovators, legacy builders, and impact makers. The firm provides personalized financial planning, investment management, and wealth advisory services, helping clients navigate significant life changes while working toward fulfilling and meaningful lives.
