Best Financial Advisors in Atlanta

Frequently Asked Questions

• Introduction

  There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.
  

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
    

  There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.
  

• If your child has special needs, does he or she needs to follow age restrictions for education savings account contribution and withdrawal deadlines in Atlanta?

  No. If your child has special needs, he or she does not have to follow age restrictions for education savings account contribution and withdrawal deadlines in Atlanta. The deadlines are waived for a beneficiary with special needs. You can contribute to the account well beyond the beneficiary's 18th birthday and keep the funds in the account beyond their 30th birthday.

• What is the importance of plan governance to businesses and individuals in Atlanta?

  Plan governance helps businesses and individuals in Atlanta face possible risks caused by economic downturns and participant complaints. Vendors and employers need to face this type of fiduciary responsibility. Plan governance helps clients handle duties and actions connected with the administration and establishment of the plan and assets. It also leads to positive outcomes for plan sponsors and fiduciaries.

• If you are a financial advisor in Atlanta, how can you manage your client's investments?

  If you are a financial advisor in Atlanta, you can manage your client's investments by creating their allocations based on their time horizon, liquidity needs, and risk comfort. You have to evaluate their investments, tax impacts, and net-of-cost changes. You also have to diversify their portfolios to target attractive risk-adjusted long-term returns.

• How can military service members understand various benefits in Atlanta?

  Most people know that military service members have various benefits. In Atlanta, some uniformed service personnel find it challenging to understand and navigate different policies, programs, and eligibility requirements. It is best if they work with financial advisors to educate them regarding their retirement and pension benefits, property and casualty insurance, and homeownership opportunities.

• Are there any options for employees in Atlanta to acquire 401(k) plans?

  Yes. Employees in Atlanta have options to acquire 401(k) plans. They can either choose between deferring some percentage of their earnings or taking compensation in cash. If they chose to defer funds from their account, the money will not be taxable until they are distributed. A 401(k) plan could be a powerful savings tool for employees because it allows them to compound their retirement savings through their employer.

• Are financial advisors worth it?

  Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.