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What A Financial Advisor Can & Can’t Do

Best Financial Advisor Edina MN

Have you been thinking about hiring a financial advisor to assist you with your financial matters? There are many things that a financial advisor or a financial planner can assist you with. However, it’s not uncommon for people to make mistakes when it comes to assuming what a financial advisor can and can’t do. Therefore, here is some information regarding the types of things that a financial planner CAN do for you as well as the things that they CAN’T do for you to know about: 

What A Financial Advisor Can Do For You

When it comes to financial services, there are many different aspects of finances that financial advisors can assist you with. It’s because of their versatility and wide-range that many people specifically seek assistance and guidance from financial advisors and financial planners. While not every financial advisor offers the same exact services or specializes in the same areas, here are some of the things that clients can generally expect to get help with when they work with a financial advisor:

  • College Planning

  • Retirement Planning

  • Financial Organization

  • Financial Independence

  • Financial Life Planning

  • Tax Planning

  • Estate Planning

  • Insurance & Long-Term Care Planning

  • Investments

  • Debt Management

What A Financial Advisor Can’t Do For You

However, even though there are many things that financial advisors can assist with, there are also some things that they can’t do or can’t help with. Here are some of the things that a financial advisor won’t be able to do for you:

  • Predicting the performance of your funds/investments

  • Economic forecasting

  • Timing the market

To learn more about our financial services, don’t hesitate to contact Michael Rebischke, the best financial planner in Edina MN, today.

Check the background of this advisor on FINRA’s BrokerCheck.