When Is the Right Time to Hire a Financial Advisor?

Many people think you shouldn’t hire a financial advisor until you have accrued a great deal of assets. 

However, that’s not necessarily true. In reality, it’s never too early to start securing your financial future.

That said, there are certainly some milestones that strongly indicate it’s time to partner with a financial advisor and begin planning your path to long-term financial freedom. Keep reading to learn five key indicators that may mean it’s time to look for a financial advisor. 

1. You have disposable income.

Maybe you recently paid off your student debt or car loans and suddenly have more disposable income than usual. Rather than squandering all of that cash on new gadgets and clothes you don’t need, you might be better off partnering with a financial advisor to begin investing and building the foundation of your portfolio. The sooner you can get your money to work for you, the faster you can achieve financial independence.

2. You’ve landed a new job or come into some money.

If you started a new job that came with a hefty raise, recently got married, or came into money due to a death in the family, you are more or less in the same situation as the previous example. Rather than waste your money on frivolous items, you should strongly consider working with a financial advisor who can help you invest those funds in a way that will enable you to meet your long-term goals.

3. You’ve added a new family member and want to plan ahead.

Having a child is a major milestone. After you have your first child, your entire perception of life might change, and you might be inclined to start making smarter financial decisions to ensure your child leads a healthy, happy, and financially secure life. If this applies to you, it might be time to speak with a financial advisor.

4. You’re considering taking an equity option in a start-up.

When most people land a job, they negotiate their salary and benefits. Some people, particularly those who work in tech start-ups, might be presented with equity in a company in exchange for a lower salary. Should you ever find yourself in this position, you will most likely want to talk to a financial advisor who can walk you through your options. The last thing you want is to make the wrong decision by either agreeing to take equity when you shouldn’t or taking too little equity when you should have more. Either way, a financial advisor can help you navigate these uncharted waters.

5. You’re simply looking to get your financial house in order.

No rule says you have to experience a major life event to move forward with a financial advisor. Sometimes, you might just be unhappy with your financial situation. Rather than let it get out of control, you may want to take action to get things back on track as fast as you can. Partnering with a financial advisor can help.

Even if you don’t have a ton of disposable income, you can still get started on the right path by leveraging digital advisor tools like Wealthspire™ Pathways, which can automatically rebalance your portfolio to help you meet your financial goals.

Now that you’re ready to hire a financial advisor, it’s time to figure out what that advisor should look like. Read this blog for more information about the key attributes to look for when choosing a financial advisor.


Wealthspire Advisors is a registered investment adviser and subsidiary company of NFP Corp.
This document is not intended to constitute legal, tax or accounting advice or a solicitation. Any communication from Wealthspire Advisors is not a substitute for obtaining legal, tax or accounting advice from a qualified attorney, tax or accounting advisor. You should not act upon any such information without first seeking the advice of qualified legal counsel, tax or accounting advisor with respect to your specific situation. ©2022 Wealthspire Advisors

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When Is the Right Time to Hire a Financial Advisor?

Many people think you shouldn’t hire a financial advisor until you have accrued a great deal of assets.  However, that’s ...