Broker Check

Common question: Do I have enough money to work with an advisor?

March 15, 2020
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If you've ever wondered how much money you need to have to work with an advisor you are not alone. It is one of the most common questions we are asked. The truth is the amount of money is typically not the most important factor. I've laid out some questions regarding what priorities you should be focused on when considering working with someone like me.

Are you ready to commit to a long term plan?

Advisors are more likely to want to work with you if you are committed to taking action and pursuing your goals. Our success is measured by yours so we want to work with clients that make a long term commitment to pursuing their goals.

Do you want accountability for your retirement goals?

I've found that accountability has different meanings to a variety of people. In our case it means we will be monitoring your progress at least once a year to see what progress you've made and address any challenges. 

Is your money missing an assigned purpose?

There are a lot of people that seem to be doing well with money. They have good income and a solid emergency fund in their bank account but then they run into the conundrum of "how much cash should I actually have in savings?" If you find yourself with an extra 20k sitting in the bank that is a great opportunity to talk to an advisor to help you assign a purpose to it rather than seeing it sit there and not do much for you.

Take Action

At the end of the day you don't need to worry whether or not you have enough money to work with an advisor. Ask yourself the three questions I mentioned and if you answered yes to all of them you need to schedule a meeting with me. I'm confident I'll be able to help guide you in the right direction.


This is meant for educational purposes only.  It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions. 03/20