(Learn) The Role of a Financial Adviser | Womack Advisers

What Is the Role of a Financial Adviser?

A financial adviser is dedicated to providing you with sound financial advice based on your current monetary situation, the market, and economic forecasting.

They will help you make tricky financial decisions by providing you with answers to questions, additional information about what certain financial products are, and provide advice and recommendations that help you further your goals in life.

Any good financial adviser will have your best interests in mind, becoming your personal confidant when it comes to both short-term and long-term goals.

Whether you need help with budgeting, making sense of stocks and bonds, understanding tax laws, or making decisions about investments, the team at Womack Advisers are here to help you start planning for life, achieving your goals and securing a healthy relationship with your wealth.

How Much Money Should You Have Before Hiring a Financial Adviser?

While there is no true minimum that you need to seek professional advice about your finances, your options expand with the more you have in assets.

Investible assets may include cash on hand, credit, and physical collateral; all of which should typically reach $100,000 in total value.

Individual advisers you work with may require a minimum amount to work with you so they understand the limits of the assets from the start.

How Do You Know If Your Financial Adviser Is Good?

The success of your financial adviser’s previous clientele will say a lot about how good they are as a professional.

At Womack Investment Advisers, Inc., our team takes the time to work with you and take a holistic look at your financial health.

This allows us to determine the best path forward for your current assets to help you reach your goals, customizing a financial strategy for your future.

What Is a Good Return for a Financial Adviser?

The exact number of what a “good return” means for you will vary based on your financial goals.

At the bare minimum however, it is important that you make your money back. Most returns are calculated based on investment portfolio returns as it is the easiest data point to capture, in which case, a return of 1.5% - 4% is recommended, though you may see different returns based on your goals and the flexibility of your current assets.

Need a Financial Adviser? Talk to Womack

The world of finance can be difficult to navigate, and you have enough to worry about in life. Let us help you make sense of these decisions and terminology around your financial health and start planning for wealth.

Centrally located in Edmond, OK, our team is dedicated to helping you start your family life or retirement off right with proper wealth management and financial advice services.

Our team holds your best interests in mind, maintaining a strong fiduciary duty to you. In our small business, we treat you like a neighbor and as a part of our family. When you work with Womack, you’ll understand why.

Get in touch with our team today to schedule your free consultation with a financial adviser today.