Find the Right Financial Advisor for Every Life Stage
The right financial advisor acts as a partner guiding you through major milestones, helping you make informed decisions that lead to a secure and prosperous future. Choosing the right financial advisor can transform your financial future, providing strategies tailored just for you.
Whether you're just starting to consider your options or are ready to take the next step, this guide will help you make informed decisions about financial planning and selecting a financial advisor.
Why Work with a Financial Advisor?
Clarify Your Financial Goals
A financial advisor helps you identify and prioritize your financial goals, such as saving for a home, planning for retirement, or funding education. They create a plan that aligns with your objectives.
For example, small business owners often seek guidance to help them balance personal and business finances. An advisor can offer recommendations for how to reinvest in their business while saving for retirement, helping protect both personal and business financial health.
Gain a Valuable Perspective
Financial advisors bring invaluable knowledge to all kinds of clients. They stay updated on relevant laws and financial strategies to keep your plan effective. Whether you're an individual or a business owner, this knowledge is crucial. At The Kelly Group, we collaborate with you to develop practical long-term strategies tailored to your unique goals. Advisors help navigate complex laws and implement strategies to minimize risks, so you can optimize your financial plans for long-term success.
Stay Accountable and Motivated
Having a financial advisor means having someone to hold you accountable—plus, periodic check-ins keep your progress on track. This accountability is essential for everyone, whether you are an individual, a family, or a business owner.
Regular reviews also offer an opportunity to evaluate whether your financial plans align with your goals. Advisors help adjust plans in response to life changes, keeping you motivated toward your financial objectives.
When to Hire a Financial Advisor
Start Early for Maximum Benefits
Establishing good financial habits early can lead to long-term financial health, and the earlier you start investing, the more you can benefit from compound interest over time.
Consider a young family just starting out. Engaging with an advisor early on helps them set up a savings plan and begin investing for the future, maximizing their growth potential through compound interest. These are strong financial habits that will benefit them throughout their lives.
Seek Advice at Key Life Events
Certain life events are key times to seek financial advice. Starting your first job is an excellent opportunity to set up a savings plan and understand employee benefits. Getting married or starting a family brings new financial responsibilities, such as combining finances, saving for education, and protecting your family with insurance. Approaching retirement is another critical time to ensure you have a robust retirement plan in place.
Advisors help families create comprehensive plans that can address immediate needs and future goals to help achieve financial stability and peace of mind.
How to Choose a Financial Advisor
Check Credentials and Certifications
When choosing a financial advisor, look for recognized credentials. At The Kelly Group, our advisors hold certifications such as Certified Financial Planner (CFP®). Certifications ensure your advisor has undergone rigorous education and adheres to high ethical standards. At our practice, ongoing education is a cornerstone of our culture, keeping our advisors current with the latest financial trends and strategies.
Consider Experience and Specialization
Evaluate the advisor’s experience and area of specialization. Our team members cover a vast array of specializations, allowing us to serve clients from all backgrounds—whether you need retirement planning, small business advising, or agricultural finance experience.
Our local knowledge of the Harford County farm community makes us an excellent fit for farm clients. We understand their financial challenges, from managing debt and planning for retirement to estate planning and succession. To learn more about each team member and their certifications and specialties, visit our team profiles.
Ensure Personal Fit
Make sure you feel comfortable with the advisor’s communication style. Trust and rapport are essential for a long-term relationship.
Take the Next Step: Financial Advisors in Bel Air, MD and Beyond
Choosing a financial advisor is a significant decision that can profoundly impact your future. With a dedicated advisor by your side, you'll gain clarity, confidence, and peace of mind as you work towards your financial goals. Contact us to schedule a consultation and start your financial planning journey with a knowledgeable partner by your side.
The Kelly Group is a trade name of Kelly Financial Group, LLC, a registered investment adviser with the Securities and Exchange Commission ("SEC"). Registration of an investment adviser does not imply any level of skill or training. For more information about our services, please use our Brochure and Relationship Summary, available on the SEC's website at www.adviserinfo.sec.gov, and on The Kelly Group's website at www.kellyria.com.