Financial Advisor in Columbus Ohio
Looking for a financial advisor in Columbus Ohio?
Before you start looking for financial advisors in Columbus, let’s cover a few things first.
Should I hire a financial advisor or do it myself?
The real answer here is whether or not you feel comfortable handling your investments yourself.
Some people are completely fine dealing with mutual funds, taxes, retirement plans, etc. by themselves and don’t need a financial advisor. Others either don’t have the ability or don’t have the desire to do such things, so they get professional help.
Do I think a financial advisor is worth the fee? Yes, of course. An advisor at a large investment firm typically charges around 1% of invested capital per year. No, it won’t necessarily be “cheap” (especially if you’ve got a lot of money) but it’s well worth it.
Legendary investor Warren Buffett says that the first rule of investing is “never lose money”. If all a financial advisor did for you was protect your capital, he or she would be worth the investment. After all, too many people see their hard-earned retirement savings dwindle away over the years, through taxes, poor planning, or bad investments.
As someone who works with financial advisors day in and day out, I can tell you that having one of these fine financial services professionals will do a lot of good. Wouldn’t you like to pick up the phone and talk to someone when the stock market tanks? Wouldn’t you like to know that your money is being served, protected, and grown?
It’s often been said that the smartest people in the world know how stupid they really are. Crude? Maybe, but it illustrates the benefit of having professional help. You wouldn’t go to a dentist for heart surgery, no more than you would go to your local restaurant for car repairs. You want to assign specific tasks to specific people, and if you’re in Columbus Ohio and you need help with financial matters, make sure you get an advisor.
In my personal opinion, the biggest benefit you can get from hiring a financial advisor is the help that will allow you to devise and stick to a long-term financial plan. Too many people fall off the wagon - you shouldn’t be one of them.
What Does a Financial Advisor Do?
A good financial advisor is someone who will help you get your financial house in order. He or she can project the results of your savings and investments, making sure that you’re prepared for retirement. A good financial advisor will also help you make decisions with money in such a way to help you reach your money goals.
Financial planning as a whole is basically the process of creating an outline with specific steps that you need to take in order to achieve your financial goals. In order for a financial advisor to create the best plan possible, he or she will need to gather two types of data about you:
A good financial advisor will help you understand:
How Do Financial Advisors Get Paid?
Financial advisors get paid in a variety of ways, but the most popular way for a financial advisor to get paid is through a percentage of assets that they manage for you. This fee can range, but it usually averages around 1%, but I will say that the more assets you have invested, the lower the fee typically becomes.
Another common way for financial advisors to get paid is through a combination of fees and commissions from financial/insurance products that you purchase through them. You should always ask a financial advisor for complete disclosure and transparency on how he/she is getting paid. You need to know all details on fees and conflicts of interest.
Things to Do In Columbus Ohio
While you’re looking for a financial advisor in Columbus Ohio, here are some things that you can do in this beautiful city.
One of the first things you can do is visit the Franklin Park Conservatory and Botanical Gardens. This is a beautiful garden sprawled over 88 acres, complete with seasonal art and nature-based exhibits.
When you get here, you can tour the indoor gardens (which are filled with exotic plants and cool artwork), then you head outside to take the one-mile walking loop through the botanical gardens.
Another thing to do in Columbus Ohio is to pay a visit to the Ohio theater. This theater was built in 1928 and has over a hundred events every year year, so you can definitely catch a show or two in one of the 2,791 seats.
Even if you’re not a Buckeyes fan, if you’re living in Columbus Ohio, you need to make the pilgrimage to Ohio Stadium. This stadium is even older than the theater - it was built in 1922 and refurbished in 2001. Even today, it’s still one of the most recognizable stadiums in all of sports history.
What makes Ohio Stadium so unique is that it has a double-decker horseshoe design. Come catch a game in this massive stadium - it can seat 104,944 people, making it the 4th largest on-campus facility in the country.
You can also take a tour downtown and visit the Columbus Museum of Art. This museum opened up in 1931, and has a large collection of European and American art. If you're a fan of modernism, impressionism, German Expressionism, or Cubism, you will love this museum.
If science is more of your thing, you can visit COSI Columbus, which stands for Center of Science and Industry. This is a large science museum downtown that has ranked as one of the best Science Centers for families in America.
Columbus is the capital city of the great state of Ohio, as well as the fourteenth largest city in the United States. At the time of this writing, there are more people living in Columbus than in San Francisco, CA.
The city has ranked on several lists for education and wage growth. In 2013, Forbes gave Columbus a grade "A" rating as one of the beset cities for business in the United States.
Columbus has a very diverse economy, based on education, insurance, banking, fashion, food, retail, and much more. Business thrives here, so if you want to make a fortune, you can. Then once you have your fortune, you can find a stellar financial advisor to help you grow and manage it.
Because Columbus is so diverse, the recession of 2007 didn't impact Columbus as much as the rest of the country. Part of the reason for this is likely the large amount of government jobs - as a capital city, the government is the largest single source of employment.
So I wish you the best of luck on your search for a financial advisor in the great city of Columbus Ohio. I know you'll find someone in this amazing city.