Fact or Fiction: Financial Advisor

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Fact or Fiction: Financial Advisor

Belief: I don’t have enough money to hire a Financial Advisor

Response: Fiction

Reputable Financial Advisors can be helpful in virtually any financial situation from establishing a college fund through retirement planning. You can establish an investment plan for very little money and begin habits that will serve you well throughout your life.

While some professionals may cater to a wealthier client base and charge accordingly, the vast majority of Financial Advisors are very affordable. Many are paid through the commissions and fees that you are already paying on your investment accounts.

Lastly, please remember that the best way to manage your finances and the information contained in your credit report is to take an active role in the process. Review your statements. Ask questions when you don’t know the answer. Obtain your credit report for free from one of a multitude of websites offering that service. Make sure that everything is accurate and, if something doesn’t look right, take immediate corrective action.

Scott Arney
Chief Executive Officer
Chicago Patrolmen’s Federal Credit Union

Don’t forget, members of the Credit Union enjoy free and confidential Credit Counseling and Financial Planning through our Financial Planning and Education Center. We are here to assist you every step of the way.

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