When to Consider Working With An Advisor? The Three Legged Stool of Managing Wealth

Sean Sevey | Jun 3, 2024

The Three-Legged Stool of Financial Success

1. Time

Time is one of the most valuable resources we have, yet it's often in short supply. Managing your finances effectively requires a significant time investment. This includes researching investment opportunities, staying up-to-date with market trends, and regularly reviewing your financial goals. If you find that you don't have enough time to dedicate to these tasks, working with a financial advisor can help. At Sevey Wealth, we take the time to understand your unique financial situation and goals, allowing you to focus on what matters most to you.

2. Knowledge

The financial world is complex and ever-changing. From understanding tax implications to navigating the intricacies of retirement planning, having a solid knowledge base is essential for making informed decisions. While it's possible to educate yourself, it can be challenging to keep up with all the nuances. Our advisors at Sevey Wealth bring years of experience and expertise to the table, helping you make sense of the complexities and ensuring that your financial plan is sound and well-informed.

3. Discipline

Even with the right amount of time and knowledge, maintaining the discipline to stick to a financial plan can be difficult. Emotional reactions to market fluctuations, the temptation to overspend, and other behavioral challenges can derail your progress. We provide accountability and helps you stay disciplined, ensuring that you remain on track to achieve your financial goals. At Sevey Wealth, we work closely with you to develop a plan and provide ongoing support to help you stay disciplined.

### Do You Have a Comprehensive Wealth Plan or an Investment Strategy?

It's important to distinguish between a wealth plan and an investment strategy, as these terms often times are confused for eachother. Yet, they serve different purposes in your financial journey.

- **Comprehensive Wealth Plan**: A comprehensive wealth plan encompasses all aspects of your financial life, including budgeting, debt management, retirement planning, estate planning, tax strategies, and insurance. It is a holistic approach that considers your long-term goals and provides a roadmap for achieving them. At Sevey Wealth, our wealth plans are tailored to your unique situation, ensuring that all aspects of your financial life are integrated and working together.

- **Investment Strategy**: An investment strategy is a component of your wealth plan that focuses specifically on how you will invest your assets to achieve your financial goals. It includes decisions about asset allocation, risk tolerance, and specific investment choices. While a robust investment strategy is crucial, it is just one piece of the larger financial puzzle.

### Empowering You to Manage Your Wealth at a Flat Fee!

We understand that ultimately, it's your wealth and you should have the final say over any changes. Our goal is to empower you with the tools, knowledge, and support you need to manage your wealth effectively. We provide expert guidance and recommendations, but the decision-making power remains in your hands. At Sevey Wealth, we believe in transparency and fairness. That's why we offer a flat fee approach for our services. Unlike traditional advisors who may charge commissions or percentage-based fees, our flat fee structure ensures that our interests are aligned with yours. You know exactly what you're paying for, with no hidden costs or surprises.

If you find that you're lacking in one or more of the three critical elements—time, knowledge, or discipline—it may be the right time to consider working with us. Contact us today to learn more about how we can support you on your financial journey.

When to Consider Working With An Advisor? The Three Legged Stool of Managing Wealth