{"id":1996,"date":"2022-12-22T18:31:37","date_gmt":"2022-12-22T18:31:37","guid":{"rendered":"https:\/\/www.gunderwealth.com\/?p=1996"},"modified":"2022-12-30T20:08:13","modified_gmt":"2022-12-30T20:08:13","slug":"barries-to-hiring-a-financial-advisor","status":"publish","type":"post","link":"https:\/\/www.gunderwealth.com\/barries-to-hiring-a-financial-advisor\/","title":{"rendered":"Barriers to Hiring A Financial Advisor"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Section&#8221; _builder_version=&#8221;4.16&#8243; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row admin_label=&#8221;Row&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/www.gunderwealth.com\/wp-content\/uploads\/2022\/12\/Untitled-design.png&#8221; alt=&#8221;Barriers to Hiring A Financial Advisor&#8221; title_text=&#8221;Untitled design&#8221; align=&#8221;center&#8221; force_fullwidth=&#8221;on&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.19.3&#8243; max_height=&#8221;800px&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.19.3&#8243; ul_line_height=&#8221;1.7em&#8221; header_line_height=&#8221;1.5em&#8221; header_3_line_height=&#8221;1.5em&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3>If you ask someone how their year has been, how often is \u201c<strong>stress<\/strong>\u201d mentioned?<\/h3>\n<p>If you drill further, how frequently does one of the culprits driving the stress involve some aspect of their <strong>financial health<\/strong>?<\/p>\n<p>Confusion and frustration surrounding finances often lead to inaction or suboptimal decision-making.\u00a0<\/p>\n<h3>So why doesn\u2019t everyone engage with a financial advisor?<\/h3>\n<p><a href=\"https:\/\/www.riaintel.com\/article\/2azn9e8r9k3izwmsmcfls\/practice-management\/americans-without-advisors-are-more-stressed-so-why-arent-they-engaging-with-financial-professionals\">A recent study<\/a> found the following top six barriers to hiring a financial advisor:<\/p>\n<ol>\n<li>You assume you don\u2019t have enough money to invest<\/li>\n<li>You perceive the cost as prohibitive<\/li>\n<li>You assess your financial situation as simple<\/li>\n<li>You enjoy managing finances yourself<\/li>\n<li>You have a hard time trusting someone with your finances<\/li>\n<li>You\u2019re comfortable using Google when complexity arises<\/li>\n<\/ol>\n<h3>What if we told you\u2026<\/h3>\n<ul>\n<li>There are other options available besides working with an advisor that has a minimum investment and charges a traditional 1% AUM fee?<\/li>\n<li>It\u2019s easier to make impactful change when your situation is less complex so that you\u2019re agile when complexity arises and wealth accumulates?<\/li>\n<li>You\u2019re more likely to deprioritize your finances during emotional uncertainty?<\/li>\n<li>Some advisors appreciate, if not require, getting to know how you spend your time before they ask how you spend your money?<\/li>\n<li><strong>GOOGLE ISN&#8217;T ALWAYS RIGHT!<\/strong><\/li>\n<\/ul>\n<p>The financial industry is moving fast in what we believe to be a better direction! Fee transparency, fiduciary obligations, code of ethics attestations, government regulation, and innovative technology contribute to more accessible, high-quality, fairly priced service models.<\/p>\n<p>It\u2019s not about being sold a product you don\u2019t understand or signing up for an investment that locks you in unknowingly<strong>. It\u2019s about driving impact with the advice provided that exceeds the cost.<\/strong> Will that be the case all the time? No, but we certainly hope it\u2019s the case over the long term.<\/p>\n<h3>If you\u2019re worried about:<\/h3>\n<ul>\n<li>Inflation<\/li>\n<li>Economic recovery<\/li>\n<li>Asset allocation<\/li>\n<li>Tax strategies<\/li>\n<li>Financial modeling<\/li>\n<li>Retirement projections<\/li>\n<li>Insurance protection<\/li>\n<li>Estate planning<\/li>\n<li>Education planning<\/li>\n<\/ul>\n<p>Then isn\u2019t it time to engage with a financial professional?<\/p>\n<h3>We&#8217;re happy to help you break down the barriers to hiring a financial advisor.<\/h3>\n<p>Check out these sites for a <a href=\"https:\/\/www.gunderwealth.com\/whats-a-fee-only-financial-advisor\/\">fee-only<\/a> financial planner that may be a good fit for you:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.feeonlynetwork.com\/\">Fee-Only Network<\/a><\/li>\n<li><a href=\"https:\/\/www.napfa.org\/\">NAPFA<\/a><\/li>\n<li><a href=\"https:\/\/www.xyplanningnetwork.com\/\">XY Planning Network<\/a><\/li>\n<\/ul>\n<p>Let&#8217;s have a conversation to see how we can help alleviate your stress in 2023; <a href=\"http:\/\/www.gunderwealth.com\/contact\">contact us<\/a> today.<\/p>\n<p><em>All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services.<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you ask someone how their year has been, how often is \u201cstress\u201d mentioned? If you drill further, how frequently does one of the culprits driving the stress involve some aspect of their financial health? Confusion and frustration surrounding finances often lead to inaction or suboptimal decision-making.\u00a0 So why doesn\u2019t everyone engage with a financial [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:paragraph -->\r\n<p>Welcome to WordPress. This is your first post. Edit or delete it, then start writing!<\/p>\r\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24],"tags":[182,183,185,186,184],"class_list":["post-1996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-food-for-thought","tag-barriers-to-hiring-a-financial-advisor","tag-barriers-to-hiring-a-financial-professional","tag-barriers-to-hiring-a-wealth-advisor","tag-barriers-to-hiring-a-wealth-manager","tag-barriers-to-hiring-an-investment-manager"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Barriers to Hiring A Financial Advisor - Gunder Wealth Management<\/title>\n<meta name=\"description\" content=\"Do you assume it&#039;s too expensive? 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