Need a Financial Planner?

When evaluating your financial situation, you may feel lost and unsure of what you need to do to gain control. In this scenario, seeking out the help of someone who is qualified to give advice may be beneficial. Sitting down with a Charlotte financial planner may be exactly what you need when you are unsure of what to do in your financial life.

What is a Financial Planner?

A financial planner is an individual who has extensive education in financial matters and can advise you on what to do with your finances. A Financial Planner In Charlotte will sit down with you and evaluate your situation from top to bottom. For example, a planner may look at your expenses, your income, your retirement planning and your insurance needs. From there, a financial planner can make recommendations to help you with the various aspects of your financial life.


Goal setting is important when it comes to your financial life. Without goals, you really don’t know where you’re headed or when you arrive. Most financial planners are very goal oriented and want to come up with some goals that you can work together to reach. For example, you may come up with a goal to have a net worth of $1 million within the next 20 years. The financial planner will look at your situation and help you come up with realistic goals that can be reached within a reasonable period of time.

Another way that a financial planner can help is by assisting you with a budget. If you have a hard time living within your means, a financial planner can look at your expenses and see what you can cut out. The planner may make recommendations about downsizing or reducing costs in specific areas. Then he will come up with a budget that you can stick to in order to reach your financial goals.


A financial advisor may also be able to assist you with investing. Besides earning money by doing work, another way to earn money is to get your money working for you. Investing makes it possible to accomplish this and a competent financial advisor will be able to tell you how to invest.

Your financial advisor may ask you to take a questionnaire so that he can gauge your level of risk tolerance and what you’d like to accomplish with your investing. Once the questionnaire has been completed, the financial planner will help you develop a portfolio allocation that works in your favor. The financial advisor may be able to give you specific ideas about what types of mutual funds, stocks or bonds to invest in so that you can reach your goals.

Getting the Help You Need

Regardless of how you use your financial planner, he can provide you with invaluable assistance. Most people are clueless when it comes to managing their money. Hiring a financial advisor can provide you with the knowledge you need to make educated decisions in the financial realm and stop wasting your money.

Before hiring a financial planner, make sure that you find out how he will be paid. Some financial planners charge a flat fee for their services while others charge based on a percentage of your investment portfolio. Once you’ve found a planner that will work for a fee that you believe is fair, get started planning as soon as possible.