Hero Image

Financial Planning

Do You Need A Financial Advisor?

Ankit Agrawal

By Ankit Agrawal | Nov 22, 2023

Ever Googled, "reasons for bad headache"? or any health issue you're facing?

We've all done this at some point in life.

And Google comes back with, "You have 1 week to live."

Yikes!

This is why we don't just Google our symptoms.

We consult a doctor.

Putting your health in the hands of anyone who's not a medical professional is risky.

But if you don't take risks with your health, why would you risk your wealth?

A financial advisor is like a doctor for your financial health.

They provide you with flexible, personalised financial plans that are customised according to your needs.

We plan to democratise financial advice and believe these services should be accessible to everyone for a small fee.

A financial advisor is like a doctor for your financial health.

You should consult them if:

1) You feel you're paying too much tax.

2) You feel your investments are unstructured.

3) You need a personalised plan to achieve your financial goals.

Instead of Googling, "am I ready to invest in stocks" or "why is my portfolio in red" just talk to a finance professional!

You might be on the fence about consulting a financial advisor and I can understand why.

Perhaps because:

• You don't trust others with your financial information

• You believe your specific need won't be fulfilled

• You think the consulting fee won't be worth it

• You find it intimidating

Fear not. I'll address all your concerns in this article.

But before that, let's get clarity on a few points.

1) What do financial advisors do?

They help you come up with financial strategies to achieve specific goals according to your needs.

Their job is to make your financial decision-making easier.

2) What services do they provide?

They can do a lot of stuff for you, including but not limited to:

• Tax planning

• Retirement planning

• Investment management

• Other services like personal financial advice, accounting and more.

3) Are these services for everyone?

Yes! Financial Advisors provide you with flexible, personalised financial plans that are customised according to your needs.

They aim to balance your short-term and long-term goals (no need to sacrifice today for tomorrow!).

A financial advisor can be perfect for you because they:

1) Provide confidentiality:

A financial advisor can be your trusted confidante to discuss any sensitive money issues.

Don’t worry, folks, your secrets are safe with them ;)

2) Are personalised and flexible:

They can help you out with any of your needs—whether they’re related to investment, finance, or accounting. They are experts in many fields!

Sounds great, what's the catch?

Traditionally, these services were available only to high net-worth individuals and were unaffordable to a majority of the population.

But many start-ups have now started providing these services to professionals for a fraction of the cost by leveraging technology.

Wealthup was also started because we wanted to help busy professionals navigate the intimidating world of finance without breaking their banks.

As a founder, I feel delighted when clients tell me how friendly and easy-going our advisors are (this was extremely important to me!).

So, go ahead, talk to a financial advisor today and get started on your financial journey!