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Get advice!: There are plenty of reasons to hire a financial advisor in Spain, writes Peter Dougherty

HAVE  you thought about hiring a financial advisor, but not done so? You are not alone. Many of us put off the decision. Here are some of our reasons:

We think we’re not wealthy enough

It is true that many financial planners have portfolio minimums. But some firms (where I work being one of them) accept new clients regardless of how much they invest. At BISSAN Wealth Management, we do so because good financial planning is much more than just investing. 

We don’t think we have enough time 

We might believe we don’t have sufficient time to deal with a financial planner. Ironically, a good financial planner will save us time in the long run. An electrician will likely fix our lights in less time and do it more effectively, the same is true for a good financial planner. We might have to spend time talking to a planner initially as they try to get to know our financial goals and circumstances, but there’s little time commitment necessary once they’re up and running.

We think we can do it ourselves

You probably can do it yourself. But be honest, will you devote the time and energy to analyze and then decide on important financial choices, and later monitor your results and make periodic adjustments? Are you ready to be both the mechanic and the driver of your investment vehicles, and the person who talks yourself out of buying crypto at midnight?

There are a variety of reasons for hiring an advisor.  Some people like to manage their own plan but hire a financial planner to serve as an objective third party to gauge whether they are on track.  Others find they do not enjoy the planning process and have little patience for it —........

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