Knowing how to maintain and grow income is an important question given that profit margin is one of the top concerns for entrepreneurs. Even so, should an entrepreneur manage his or her own finances and investments or hire a professional? Merrill Edge Vice President Whitney Trimble answers top-of-mind questions about whether or not to seek outside financial advice.
Q: What are the benefits of having a financial advisor?
There are many benefits of having a meeting with a financial advisor, but I think the primary value for an entrepreneur or business-owner is support for pursuing the quality of life your family and you want. Goals-based investing, which is measuring success as progress toward well-defined, documented goals in life is a process financial advisors are able to help investors with.