If 2020 has taught us anything, it’s that the future of business will continue regardless if it’s conducted face to face or not.
One of the *few* silver linings of this year is that businesses are accelerating their virtual accessibility to the services and solutions they provide. This has never been more true than within the financial planning profession.
Here are five reasons to work with a virtual financial advisor:
1) You can find the exact advisor that fits your needs.
When you work with a virtual advisor, you’re not restricted to the ones available in your local area. This makes it much easier to find someone with who you can connect with. Whether you’re looking for a particular specialty or not, it’s crucial to find an advisor you’re comfortable speaking with and sharing confidential information. Financial planning is more therapy than technical finance, so it’s best to find someone you can trust.
2) You can get more done with more efficiency.
Advisors that work primarily virtually are way more efficient because they have to be. Whether it’s e-signing documents, managing investments, or using the latest in financial planning technology, virtual advisors tend to have superior processes compared to traditional brick and mortar advisers.
3) Virtual Advisors tend to charge lower fees.
Because virtual advisors don’t need to pay for a big fancy office, they can pass on those savings to their clients. It should go without saying at this point, but make sure you understand how your advisor is compensated. Virtual advisors tend to be fee-only (meaning they don’t sell commissioned products), and their service packages provide tremendous value.
4) Virtual Advisors tend to provide unlimited access to clients.
Virtual advisors structure their calendars to be available based on their schedules. Meaning it’s simple to schedule time with your advisor when you need it beyond your regularly scheduled emails. Whether, it’s just a call or text, or an impromptu virtual meeting.
5) A Virtual Advisor can be your lifelong trusted guide.
No matter where life takes you, your virtual advisor can be there with you along the journey. Americans are considered to be highly mobile. Each year, tens of millions of people in the US relocate from their place of birth or current residence to another location within the same city, county, state, country or abroad. In fact, statistical data show that the average American moves once every 5 years.
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Financial planning is more therapy and coaching than math and finance.
— T.J. van Gerven (@TJvanGerven) September 15, 2020