What services do financial advisors typically provide?

Financial advisors typically provide services designed to help individuals or families manage their finances and achieve their financial goals. Investment planning, financial forecasting, and retirement planning fall squarely within their areas of expertise.

Investment planning involves assessing an individual's financial situation and goals in order to develop a strategy for investing that aligns with their risk tolerance and objectives. Financial forecasting helps clients project their financial future based on current investments, savings rates, and other factors. Retirement planning is crucial as it focuses on ensuring clients save enough resources to maintain their desired lifestyle once they stop working, factoring in aspects such as Social Security, pensions, and other retirement income sources.

These services are fundamentally directed towards enhancing an individual’s or family’s financial health and provide proactive strategies in light of changing life circumstances or financial landscapes. Other options center on services that, while valuable, do not typify the core functions of financial advisors.