20 Reasons Why It Is Better With a Human Financial Advisor

Published 03/23/2017

These days, more and more people are asking, “Why should I choose a human financial advisor to help me make decisions about how to invest my money?”

To answer this question, we could quote research that points to investor success when working with a human financial advisor (someone who has proper experience, education and credentials). But there’s more to it than that.

To state the obvious, the world is a different place than it was 20 years ago. You can go online and order nearly anything you need and expect it to show up two days later. Smartphones and computers are no longer nice-to-haves, they are essential tools that help us communicate and connect.

How many decisions do you make in a week, in a day, or in an hour? We have unknowingly become more confident and self-reliant, even if we find ourselves checking a handful of reviews to help us make an informed choice.

But there are some things we appoint to a higher level far above the glow of any screen. It’s in this elevated space where we don’t just need someone to help us, we prefer it.

Lower fees associated with robo-advisor financial services are attention grabbing, but they don’t tell the whole story about what is required to take care of your money and set personal financial goals, some of which may take years to achieve. No matter their capacity to do math and run predictive models, robo-advisors are missing one critical element: compassion.

Money is emotional. Financial goals are personal. That means investors have to make serious decisions that will ultimately shape their present and influence the quality of their future. But it only takes a moment to mull over whether it would feel better to have a human financial advisor in your corner to call on when markets get wild, goals need adjustment or new dreams arrive.

To this end, we offer this true-to-life list of all of the perks of working with a living, breathing financial advisor.


20 Reasons Why It Is Better to Work With a Human Financial Advisor

1—Encourages you to call or send an email if you are nervous about the market

2—Understands what it feels like to want peace of mind (whether money, family or personal pursuits)

3—Likes to catch up with you about what’s new before reviewing your portfolio

4—Enjoys meeting with you when you want to get together in person

5—Asks how the kids are doing

6—Helps you make short-term decisions, like whether to buy (or sell) that second home

7—Nudges you just enough when you need a little push

8—Will look you in the eye to tell you when you’re not saving enough

9—Can hear the concern in your voice

10—Appreciates how much you care about (and worry about) your loved ones

11—Asks what keeps you up at night

12—Has also wondered if they closed the garage door

13—Offers steady perspective when major financial events (Brexit, 2008 financial crisis, Greece debt crisis) dominate the headlines

14—Well versed in the complexities of how your portfolio is built, but won’t bore you with the details unless you ask

15—Roots for you as you pursue your goals (financial and personal)

16—Occasionally sings in the car on the ride home from work

17—Wants to make sure your family members are prepared for their big milestones

18—Knows the people, places and things you are most passionate about

19—But doesn’t know what to have for dinner tonight

20—Stands ready to support you in good times and bad times