The Value of Good Financial Advice

5 min. readbyVexxit StaffonNovember 23, 2021
When it comes to securing your financial future, instead of muddling through on your own, it’s better to seek the advice of a pro. See why in today's trending article.

Obtaining good financial advice is crucial if you want to secure your future while protecting yourself and your family from the inevitable curveballs that life can throw at us, like an unexpected job loss, health issue, or even a pandemic. When asked, more than half of Canadians say that they have a plan. However, for many, that plan consists of a budget and possibly a little savings. Few have a clear roadmap for achieving their long-term financial goals, which could leave countless Canadians ill-prepared for their future. With that much at stake, it’s important to seek good financial advice from a qualified financial advisor.

These professionals can help you create a solid financial plan that takes your personal goals, financial needs, and priorities into consideration. Life is unpredictable, but when you have a detailed financial plan, you can confidently ride life’s ups and downs knowing your financial goals and retirement dreams are on track. Unlike the unsolicited and good intentioned advice that we often receive from family and friends, a financial advisor specializes in money management. They bring an informed, unbiased perspective to your unique financial situation and help you create a financial plan that encompasses your short and long-term goals. Their insights can bring clarity to discussions covering the complete personal financial spectrum, including savings and investment, debt repayment, insurance, taxes, mortgage planning, as well as retirement and estate planning. Financial advisors add value in more ways than simply offering good advice. Beyond the specifics of financial products and solutions, here are several of the less tangible ways a financial advisor adds value:

Expert knowledge.

Financial advisors know more about managing money and investing than most of us. Aside from helping you create a comprehensive financial plan these knowledgeable professionals can help you better understand your overall financial picture, which leads to better financial choices and an improved financial outlook.

Education about options.

Financial advisors can help you understand and navigate the overwhelming number of financial solutions and investment strategies available. They can identify those options that align with your goals, personal risk tolerance, and situation. They will also keep you apprised of any new solutions or opportunities to enhance your investments.


A financial advisor can hold you accountable to the plan and keep you moving forward with your financial goals by regularly checking in with you. Sometimes the pressures of work, family and a multitude of other things can derail our plans to pay off that debt, pump up our savings or expand our investment portfolios. A financial advisor can provide that necessary nudge. They can also help talk you out of making financial decisions based on emotion or help you adjust plans to address your current situation.

Peace of mind.

One of the most valuable benefits of working with a financial advisor is the peace of mind gained by knowing that your financial plans and investments are being managed and monitored by a trusted advisor. Rather than stress over whether you are making progress towards your financial goals, you can relax and can enjoy life a little more.

When it comes to securing a bright financial future, instead of muddling through on your own, or listening to “Uncle Jim’s” investment advice, it’s better to seek the advice of a financial advisor. Financial planning is what these professionals do best – they are an excellent sounding-board and bring insight into helping you avoid emotionally driven decisions. Good advice from a trusted advisor can have a profound and positive impact on your (and your family’s) financial future.

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