How does a financial advisor help the community?

Communities will need help to prepare for a recession. Financial planners can help ensure that a budget is set and is met while still aligning with a person's long-term financial goals. Financial counselors help you create a plan to meet your financial goals and guide your progress along the way. They can help you save more, invest wisely, or reduce debt.

Life is about living, and achieving your financial goals allows you to do it your way. A dedicated financial partner can help you get closer to the future you see with your own eyes. And because our finances affect nearly every aspect of our lives, a financial advisor can have a positive impact not only on your financial well-being, but also on your loved ones, future generations, and even your community. You'll save money by meeting virtually, but you'll still receive investment management and a comprehensive, personalized financial plan.

Ameriprise's financial advisors take the time to understand what's really important to you, so they can help you achieve your financial goals, today and tomorrow. Building a stable financial roadmap is also about your physical and emotional well-being and that of your family, as going through times of financial uncertainty can be stressful. A good financial advisor or robo-advisor can be worthwhile if you can save more money, reduce your expenses, or plan better for the future. The general term financial advisor is used to describe a wide variety of people and services, including investment managers, financial consultants and financial planners.

In fact, 84% of people who work with a financial advisor said that doing so gave them a greater sense of financial comfort during the COVID-19 pandemic. In addition, a financial advisor can help you take your financial strategy to the next level by working with tax professionals, probate attorneys and insurance specialists. A financial advisor can also help you feel more secure in your financial situation, which may be priceless. Your financial advisor can help you plan ahead by including expectations on topics such as inflation, market crashes, and health care so you can keep up to date.

Then there are online financial planning services, which combine the lower costs of a robo-advisor with the comprehensive guidance of a human advisor. Ameriprise's financial advisors provide a range of financial advice, ranging from strategies focusing on a single area to more comprehensive approaches involving complex strategies. By developing a financial strategy for today and considering measures to adapt to the changing circumstances of the future, an Ameriprise financial advisor can offer guidance over the years to help you achieve your personal goals.