“Many people think that professional financial advisors are just for the wealthy,” says SchoolsFirst FCU’s Investment Manager Craig Floerke. “But nothing could be further from the truth. Anyone—no matter what their financial circumstances are—can benefit from meeting with an advisor.”
“No matter how financially savvy people may think they are, the advisor’s role is to help with financial decision making,” says Floerke. “And everyone can benefit from having an objective voice to guide them.”
“I encourage people to put aside their reservations and set up an initial consultation,” says Floerke. “An advisor is not there to judge, but to help identify challenges and opportunities.”
The first time you meet with a financial advisor, you may wonder how to get started, what questions to ask and what information to bring with you.
Bring a list of your concerns such as debt reduction strategies, budgeting and how to put more toward your savings. Also, are there any health concerns for you or your loved ones that may take a toll on your future finances? What are your investment goals such as saving for retirement, leaving a legacy, starting a college fund? This will help inform your advisor.
Bring the following to your first visit:
The first step on the road to financial security is developing a plan that you can stick with. Then, as your income and financial obligations change, your advisor will help you adjust your plan.
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 BALANCE counselor who can help tailor a solution for you.
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