When it comes to financial planning and managing your money, you might choose to go about them yourself. This would especially be relevant if you have experience in finance or have developed a method that works for you. A financial planner could generally advise you on retirement plans, college savings for your children and the right mortgage.
Convenience
For some people, managing your finance alone might constitute of a flawed plan as this requires several hours of research and requires a good deal of knowledge. A financial planner would essentially help you to manage your goals as your life gets busier and your financial options become a little more complicated.
Strategic
Apart from helping you to save time in decision-making, a financial planner could also help you to maintain a discipline when it comes to respecting your financial strategy. A financial planner might make certain moves for you or will encourage you to do it yourself. A good financial planner would usually know when it is the right time to tap on certain potential beneficial situations and help you to stay on track.
You probably might not decide to completely ignore your personal finance and let an advisor take over. It might, however, constitute of a comfort to have someone that might be as concerned about your finances as you are. The rate of a financial planner is usually around 1% of your annual assets. You might want to calculate the fee and set it against the advice that you are getting to determine whether the investment is worthwhile.