Financial planning can be overwhelming and if you’re not confident with your financial situation, or if you just want to make sure you’re doing everything efficiently, it might be time to contact an investment advisor at a firm like Morgan Rosel.

Below are a few examples of when it might be time to consult a financial advisor.

1. Gaining a Large Sum of Money at Once or in a Short Amount of Time

Have you just sold your business?  Did you recently gain an inheritance? Have you sold a piece of real estate? If you’ve recently come into a large sum of money, it could be intimidating to not know exactly what to do next. A financial investment advisor is trained to help make sure you get the most return while preserving capital. They evaluate your current financial situation and provide investment options depending on your specific needs. A good financial investment advisor will develop a strategy with the objective of achieving your long- and short-term goals while working to preserve and protect your newly gained wealth.

2. Concerns With or Getting Close to Retirement

It seems the older you get, the more complex your wealth management strategy gets regardless of any major life changes. Earning more money, contributing to a 401(K) or an HSA, dividing your assets for a will, putting money in a college fund, the list goes on. Managing all these things can easily start to become too much and you might start feeling like you need a wealth advisor to offer advice and help you stay on track. If you’re starting to feel this way or have been feeling like this for a while, it might be time to contact a financial advisor at Morgan Rosel. Wealth advisors can take the pressure off of you and provide professional advice backed by years of experience.

3. Interested in Real Estate Investing or Alternative Investments Like Private Equity

Have you been interested in investments outside traditional stocks and bonds? Maybe you’re looking to invest in real estate, or maybe you’ve built a real estate portfolio already. When it comes to real estate investing and alternative investments, it can be incredibly valuable to have access to advice from experienced wealth advisors. With alternative investments, there is a lot to consider. For example, with real estate you need to consider property taxes, rent collection, real estate transfer taxes, cap rates, and deciding the best time to buy or sell. A Morgan Rosel financial advisor is a valuable resource for real estate investing and even private equity. Our investment managers have years of experience and are able to provide advice regarding any questions you have.

In Conclusion

Of course, these are not the only times you should consult a financial advisor and an investment management firm. When you really think about it, there is an unlimited number of situations that require financial guidance, and a Morgan Rosel wealth advisor can help you through it all. So, if you’re feeling overwhelmed or just want someone to point you in the right direction, the trusted financial advisors and CERTIFIED FINANCIAL PLANNERSTM at Morgan Rosel Wealth Management are here to help.

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.