Author: Russell C. Lindsay
February 8, 2017

Have you ever considered hiring a financial advisor? Thought, is hiring a financial advisor a luxury or a necessity? Or what about, if I have to pay a financial advisor for their work, will it really benefit me or the advisor? And then decided, why should I not just manage my own investments?

Let’s face it; these are all good questions to ask before hiring a financial advisor. And quite frankly, there are some advisors out there you might not recommend to your worst enemy.

I am a Certified Public Accountant (CPA) and Financial Planner. At our firm, we work with families and small business owners who are looking for trusted advice on how to best plan for their future. For more than 10 years we have helped our clients’ build comprehensive financial plans, hire financial advisors to manage their 401ks, IRAs and investments, and advised on income and estate tax planning techniques.

We’ve found over the years a trusted financial advisor is worth their weight in gold. There are many ways a trusted financial advisor can help.

A trusted financial advisor can help you:

Create a game plan  What if you freak out?  Stick to an investment plan to avoid panic selling and buying at market tops — moves that impact your long-term wealth much more than an advisor’s fee. Industry experts’ estimate just a few major decisions over a 30-year time span can make up for the annual fees.

Asset Placement  Do you know which account is best for each investment? Use tax planning to determine which accounts to save in during your working years and withdraw from during retirement.

Give you confidence – Do you want to avoid worrying? Maintain peace of mind about your retirement savings.

Know how much to save – What if you don’t save enough?  Watch your deposits and withdrawals from your accounts and compare them with your goals, helping you reach or exceed those targets.

Navigate changes during life – What if life throws you a curve ball?  Adjust your investment strategy to account for major life changes such as buying a house or starting a new job.

Asset allocation - Allocate assets across all your accounts and rebalance your portfolio regularly.

When to draw Social Security – What will you get from Social Security?  Determine when and how to claim Social Security benefits.

Estate tax planning – Will there be unexpected taxes at your death which negatively impacts your family?  Minimize taxes after your death by assisting with the proper beneficiaries titled on your retirement accounts.

Income tax planning – Are you taking advantage of all the tax deductions available?  Review your tax returns to maximize your savings through tax credits and deductions.

Help non-financial spouse – What if your spouse has no interest or knowledge of finances and you die first?  Be the backup plan for your uninterested spouse.

Life Insurance – What if you die suddenly or have an accident?  Determine how much life insurance you should have and what the best type is for you.

College Savings – Will you be able to help your kids with college costs?  Consider and best benefit from pre-paid tuition plans, financial or tax aid when your children go to college.

The Winning Strategy

Honestly, making good financial decisions during your lifetime could be the difference between retiring on your terms and when you want to vs. having to work until your last day.

Don’t be that guy/gal!  Ask yourself, are you the “jack of all trades, master of none?” 

There are trusted advisors out there.  Look for a fiduciary, a person who holds a legal or ethical relationship of trust and will prudently help you take care of your money.  Then interview until you find someone who you feel is the right fit for you.  

 Have questions?

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Do you have questions regarding your investment portfolio, or would like to speak to a Financial Advisor? Give me a call or shoot me an email.
(352) 369-1120 ext 281 or


Before making any decisions, please consult your tax advisor. Investment Advisory Services offered through Symphonic Financial Advisors, LLC.  Insurance offered through Symphonic Insurance, LLC.  Securities offered through Symphonic Securities, LLC., member FINRA/SIPC, 400 Park Avenue, New York, NY 10022. Investment products are not bank deposits or guaranteed by or obligations of City National Bank or any subsidiary or affiliate, and are not insured by FDIC.  They involve risk, including the possible loss of principal.

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