In recent years, robo-advisors have grown in popularity as a low-cost investment tool. Based on your answers to an online questionnaire looking at your risk tolerance, time horizon etc., robo-advisors can automate your investment portfolio management. Robo-advisors provide a valuable service to the novice investor. However, they provide little human interaction. A human financial advisor not only provides investment portfolio management, but they also work alongside you through life’s challenges to reach your financial goals. With a personal approach, financial advisors:
- Learn what’s important to you A human advisor listens to your goals and dreams and helps you map out a plan to achieve them.
- Provide support – Human advisors are there to help you pivot as life inevitably throws you a curve ball. Humans are social and emotional creatures, and we like to interact with each other. Whether you experience an illness or death in the family, lose a job, or face other family struggles, a robo-advisor cannot provide the emotional support or guidance you need. A human advisor is always just a call away.
- Help to make decisions on life events – Should I change jobs, buy a bigger house, put money into retirement or pay down debt? Am I saving enough for my kids’ college? Can I retire now? If not, when? The situations are endless, and it helps to talk with a human financial advisor who can help discuss the pros and cons of different options.
- Be your cheerleader – A human advisor can keep you accountable and on track. They are there to celebrate your successes whether you are reaching for financial or non-financial goals.
- Meet with you and your loved ones – Financial planning can be a family affair and sometimes you want to loop in multiple generations. Having a trusted family advisor can help the next generation make informed decisions.
- Provide referrals to other professionals – If you are in need of a professional to help you with you tax return or prepare estate planning documents or just need to have your insurance policies reviewed, a human advisor can provide a referral to other professionals that can help in meeting all of you financial and non-financial goals.
Robo advisors can analyze your financial situation and provide you general recommendations based on your profile. Human advisors can review all aspects of your life and help you navigate life’s challenges to reach your goals while providing a personal touch.
Mario Hernandez has been a Certified Financial Planner (CFP) for over 30 years and brings a vast amount of experience in the financial planning and investment management business. Through Longevity Wealth Management, Mario provides holistic planning services that help clients find solutions to live their best life. Mario’s email address is mario@longevitywealthmanagement.com. Securities offered through Osaic Wealth, Inc. member FINRA/SIPC. Investment advisory services offered through Longevity Wealth Management. Osaic Wealth, Inc. is separately owned and other entities and/or marketing names, products or services referenced here are independent of Oasic. Certain insurance products are offered by Mario Hernandez as a licensed agent independent of Osaic Wealth, Inc.. Mario Hernandez is not affiliated with Osaic Wealth, Inc. or registered as a broker-dealer or investment advisor.
