Why Everyone Needs Financial Advice

Although investing is an important way to build wealth over time, a recent survey1 reveals that 55% of Americans don’t. One reason? While many younger adults said they have the money, they don’t have enough knowledge to invest with confidence.

If you’re investing, but wonder if you’re making the right choices, meeting with a professional financial advisor can really make a difference in your life, particularly when it comes to investing for long-term growth.

Advice Isn’t Only for the Wealthy

Unfortunately, many people shy away from getting professional financial advice because they assume it’s only for people with lots of assets. However, just as anyone can invest, the same holds true for getting professional advice. No matter what your financial goals may be, an advisor can help to guide you.

All of us have hopes and dreams, along with challenges we’d like to address. For instance, you may think you’re doing OK financially, but need help to invest for a secure retirement. Perhaps you want to protect your family and financial assets if something happens to you, but don’t know a lot about estate planning. Alternatively, you may be new to investing and want suggestions about where to put your money. Having a knowledgeable professional in your corner can help address your concerns and create a roadmap to work toward achieving financial well-being.

It All Starts With a Plan

You wouldn’t dream of going on a road trip without careful planning, so why would you wing it when it comes to your finances? At SchoolsFirst FCU, our team of financial advisors can help you establish a financial plan to help you invest for retirement and other goals such as college tuition and buying a home. They’ll review your insurance to see if you have adequate coverage and discuss life insurance options too. They can also help with your estate planning needs.

If you work for a school district, we also have retirement plan advisors, specialists who can help with your 403(b) and 457(b) retirement plans. In addition, they understand public and school employees’ retirement systems such as CalPERS and CalSTRS, so you can see if you’re on track with your savings strategy.

Over time, your finances and needs will change, so it’s wise to meet with your advisor annually or sooner if necessary.

What a Financial Plan Costs

Depending on the financial institution, the costs of a financial plan varies. Some fee-based advisors may charge between $1,000 and $2,000 for a financial plan in addition to annual fees. Fortunately, as a SchoolsFirst FCU Member, you will never be charged fees to create and review your financial plan. Fees may be involved if your financial advisor recommends certain investing choices. Your advisor will discuss these with you and find the options that are right for you.

It’s Easy to set up a Consultation

Our financial and retirement plan advisors both provide complimentary one-on-ones to SchoolsFirst FCU Members, and can help find creative financial strategies tailored to your specific needs.

Visit schoolsfirstfcu.org/advisors to learn more.




  1. Survey conducted by GoBanking Rates.com 2019.



Securities sold, advisory services are offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with SchoolsFirst FCU to make securities available to Members. Not NCUA/NCUSIF/FDIC insured, may lose value, no financial institution guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty states of the United States of America.

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Extra Credit provides general information to help improve our Member’s financial lives. Every situation is different, so please contact us for guidance on your specific needs. The advice provided in Extra Credit is not intended to serve as a substitute for speaking to a loan representative, financial advisor, or GreenPath Financial Wellness counselor who can help tailor a solution for you.

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