Should you hire a financial planning advisor? - Yahoo Finance

Per a Northwestern Mutual study, over 50% of Americans admit needing improved financial planning, yet only 35% leverage financial advisors. As FinanceHQ CEO Alex Choi explains, advisors create personalized plans tailored to one's financial goals: therefore he suggests more consumers should consider engaging their services. When evaluating advisors, Choi stresses finding fiduciaries, who are bound both legally and ethically to ensure the clients' best interests, at an affordable cost. He believes their goals-focused guidance can assist people at all financial levels.

"It's like going to the gym. You can go, and you can get your reps in, you can work out, you can get stronger, faster, healthier on your own. But if you have a specific goal in mind, and you want to achieve... a certain milestone, you use a personal trainer to achieve those goals," Choi tells Yahoo Finance, adding: "And that's what a financial advisor can really do."

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