Financial Services FAQ's
Financial planning can feel overwhelming, but it doesn’t have to be. Our Financial Services FAQs are designed to answer common questions about financial advisors, planning, and the services we provide. If you’re curious about what we do or whether working with an advisor is right for you, start here.
FAQ's
1. What is a financial advisor?
A financial advisor is a professional who helps you manage your financial life through strategic planning, investment advice, and personalized guidance. Advisors assist with a wide range of needs, from budgeting and retirement planning to investment management and estate planning.
2. Do I need a financial advisor?
If you’re looking to organize your finances, achieve specific goals like retirement or buying a home, or make the most of your investments, a financial advisor can provide the expertise and accountability to help you succeed. It’s particularly helpful if you face complex financial situations or don’t have the time to manage your finances on your own. Still unsure? Take our quiz to find out where you stand!
3. How do financial advisors get paid?
Financial advisors can be compensated in various ways, including flat fees, hourly rates, percentages of assets under management, or commissions from products sold. At Wolf Pack Wealth, we are transparent about our fees and focus on solutions that are in your best interest.
4. What’s the difference between a financial advisor and a financial planner?
While the terms are often used interchangeably, financial advisors typically offer a broader range of services, including investment management and insurance. Financial planners specialize in creating detailed plans to help you meet specific goals like retirement or education funding.
5. What does a financial plan include?
A financial plan typically includes an assessment of your current financial situation, a review of your goals, and a roadmap to achieve them. It may cover budgeting, saving, investing, retirement planning, insurance, and estate planning.
6. Can a financial advisor help me if I already have a plan?
Absolutely. Financial advisors can review your current plan to ensure it aligns with your goals, make adjustments based on changing circumstances, or provide additional strategies you may not have considered.
7. How often should I meet with a financial advisor?
This depends on your needs and goals. Many clients meet with their advisors annually, while others prefer quarterly check-ins. At Wolf Pack Wealth, we tailor meeting schedules to suit your preferences.
8. Is working with a financial advisor worth it?
Studies have shown that working with a financial advisor can lead to better financial outcomes. Advisors provide expertise, accountability, and a personalized approach that can save you time and stress while helping you achieve your goals more effectively.
9. Can I work with a financial advisor if I’m just starting out?
Yes! Financial advisors are not just for the wealthy. If you’re beginning your financial journey, an advisor can help you establish good habits, build a strong foundation, and create a plan for long-term success.
​10. What questions should I ask a financial advisor before hiring them?
You should ask about their qualifications, experience, services offered, fee structure, and investment philosophy. It’s also important to find an advisor you feel comfortable communicating with and trust to act in your best interest.
Have another question not listed here? Head over to our contact page and include your question in the message section, and a member of our team will get back to you promptly.