It can be difficult to figure out where to begin when it comes to finding and selecting the best financial advisor in Highlands Ranch for you. While there are an array of factors to consider, there are a few that we consider to be essential, no matter how dire or secure your situation is. Here are the four main things that we think you should look out for when you’re on the hunt for a financial advisor in Highlands Ranch.

Assess Your Financial Needs

The term “financial advisor” is a broad one. Some financial advisors offer financial planning services but not investment management services or estate planning. Others manage investments but provide little in the way of tax planning or real estate investment consulting. Some have ​expertise in retirement income planning focused on those near or in retirement. Others focus on wealth accumulation for people who won’t be retiring for a number of years.  

To pinpoint the best financial advisor in Highlands Ranch for your personal situation, it’s a good idea to think about what kind of financial advice would be most beneficial to you, and what services a potential financial advisor would provide. Assess your financial needs by asking yourself the following questions.

  • What are my financial objectives?
  • Do I have a single goal, such as retirement or do I have multiple, competing goals beyond retirement, such as saving for child’s college education, buying a first or second home, or paying off student loan debt?
  • Do I just want a financial checkup or ongoing advice with a local trusted advisor?
  • Do I have more complex high-net-worth needs such as real estate investing strategies, tax planning, wealth transfer, and estate planning?

Determining whether your needs are simple or comprehensive (or somewhere in between) will help you figure out the level and sophistication of services that you require.

After you gauge your financial needs, it’s time to narrow down what services you need for your financial situation. Highlands Ranch Financial advisors can offer a range of services, such as:

  • Risk management and insurance planning
  • Education saving planning
  • Tax planning
  • Legacy or charitable planning
  • Retirement planning
  • Portfolio management
  • Cash flow analysis
  • Debt management
  • Emergency funds management
  • Estate planning

After you determine your what you need the most financially, the pool of Highlands Ranch financial advisors to choose from will shrink, and you’ll be one step closer to finding a good fit.

Look for Proper Credentials

When it comes to your finances, you’ll want to make sure that the person you’re turning to for advice is the best of the best. Look for an advisor who has credentials that match your financial needs. For example, we consider it a good idea to search for financial professionals that are CERTIFIED FINANCIAL PLANNER™ (CFP®). This person is likely an expert when it comes to helping people reach their financial goals. In addition to proper credentials, seeking out an advisor who is supported by a team of complementary professionals with advanced credentials will help ensure your hard-earned money is in the right hands.

Make Sure They’re Personable

For a financial advisor to be effective, they need to know personal things about your financial life. So, on top of making sure they are knowledgeable, trustworthy, and experienced, we think that it’s important to feel like you can connect with them on a human level. You’ll want to find someone you can communicate with, easily and candidly.

Financial Advisor in Highlands Ranch Colorado

Having a Highlands Ranch financial advisor that can deeply listen to your concerns with care and empathy will go a long way towards helping ensure they give you the most informed financial advice. Plus, having a strong, congenial relationship with your financial advisor can make even the most difficult financial situations a lot less emotionally strenuous. 

Clarity is Key

Speaking of the importance of connecting with your advisor, it’s important to ensure that they can get on your level when it comes to breaking down everything and anything you need to know about your finances—from the strategy they’d like to pursue to things you should avoid. The world of finances can be confusing at times – industry lingo can be hard to understand, and some people struggle with numbers. You want a trustworthy financial advisor that wants you to understand—not leave you in the dark.

When choosing a financial advisor, it is important that they are willing and able to explain every recommendation they make along the way in a clear and common language that you can understand. If you have a question, ask it, and you should receive a crystal-clear response. It’s your money after all, and you have worked hard for it. You deserve to understand each step in the process. A good way to see whether a Highlands Ranch financial advisor is trusted by their clients is to read their reviews.

The Takeaway

By partnering with us you can rest easy knowing that your best interests are our best interests. We want to help you succeed, and we have the experience and expertise to help make it happen. Morgan Rosel Wealth Management is a financial advisor in Highlands Ranch, Colorado.

This commentary reflects the personal opinions, viewpoints and analyses of the MorganRosel Wealth Management, LLC (“MRWM”) employees and guests providing such comments, and should not be regarded as a description of advisory services provided by MRWM or performance returns of any MRWM Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. MRWM manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. MRWM may recommend the services of a third-party attorney, accountant, tax professional, insurance agent, or other specialist to clients. MRWM is not compensated for these referrals.