Financial planners, also called financial advisors, help their clients assess their risk, manage their money, and decide where to allocate assets. This might seem like something only the wealthy need, but everyone can benefit from having some financial help. Here are some reasons to consider finding a professional financial planner.

You Need Help Managing Your Investment Portfolio

A common reason to get a financial planner is when you have either started investing and you want to assess your risks, or you want better management of your investment portfolio. Perhaps you have some money saved, but aren't sure if the investment strategy you have considered will be a good idea. You may also be brand new to investing, and need someone to help get you started. A financial planner can help with retirement investments like IRAs, as well as traditional investments like real estate, stocks, bonds, and mutual funds.

You Are Thinking About Starting Your Own Business

Starting a business is a major financial decision that should not be taken lightly. This is a situation where having someone who is an expert in finances comes in handy. When you are starting to line up business loans and figure out your business plan, contact a business planner. They will consider your current savings, the type of business, and when you might start earning a profit from that business and let you know if you have a good business model. If not, they can help you better manage your money when starting the business.

You Need Help Identifying Your Goals

It is great to start a savings account, retirement fund, and make investments, but do you know what your short-term and long-term goals really are? This can get confusing when you don't have a clear-cut picture of where you would like to be in five, 10, or 20 years. A financial planner will look at your financial situation as a whole, including considering past years' tax returns and current income, current investments, retirement accounts, and assets. They will also look at your debt, whether personal or business debt. After doing this, the planner helps you figure out what your needs are and helps to narrow down your goals, along with what will be required to achieve them.

You Have Had a Major Life Change

No matter how smoothly your life is going, unexpected things will always come up. If you are not prepared for them, you might be caught off-guard and not sure what to do next. Some life events tend to make a big dent in your finances, so getting help from a financial planner is recommended. You might have just found out you are having a baby, or your spouse might be filing for divorce. There is a lot to consider with these types of events.

Talk to professionals like Global Wealth Consultants LLC to find the right financial planner for your needs.