Do I need a Financial Advisor, Planner or Coach?

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Quiz Questions

1.
My relationship with money is…
- A.
  Totally a-okay. I’m effectively making, managing, and saving my money.
- B.
  Could be better, but it’s not horrible. I’m aware of where my money is now and what it is or is not doing for me.
- C.
  Money and me are at a breaking point. I have a ton of negative thoughts and stress about it.
2.
My financial house is…
- A.
  Pretty much in order. I’m reviewing my finances monthly, saving regularly, and effectively managing my spending.
- B.
  Um, well, it’s a hot mess. I’m not sure what my net worth is and/or how much debt I have.
- C.
  It’s okay, but I feel like I’m missing some key component(s), like an estate plan or retirement strategy.
3.
When it comes to my spending and cash flow…
- A.
  I’m usually in the hole at the end of the month and I’m not sure what to do about it.
- B.
  I have leftover cash at the end of the month and usually put it towards my savings or paying down debt.
- C.
  Some months I have leftover cash and others I don’t. I’m not sure how to create balance so that it’s more steady.
4.
My financial goals are…
- A.
  A little hazy. I’m saving for stuff like retirement, but I’m not sure if I’m saving enough or exactly when I’ll be able to retire.
- B.
  Good to go, I just need help to ensure my long-term investments are aligned with my goals.
- C.
  What goals? I’m not saving (or saving very little) and I don’t know how to set the right goals.
5.
When it comes to investing…
- A.
  I have some investments right now, and my primary concern is knowing I have the right portfolio and/or ways to improve its performance.
- B.
  I know I should be investing (more), but first I need to get to a better place with my spending and debt, oh and I need to have some savings goals.
- C.
  I have some investments, but I’m not sure they are appropriate for my needs and goals.
6.
The kind of support I would prefer is…
- A.
  A professional who can manage my investments and meet with me periodically to review their performance.
- B.
  Someone to work closely with me to build a detailed, holistic plan for my life, including my insurance needs, tax planning, estate planning, and retirement planning.
- C.
  An accountability partner and finance expert who can help me transform my relationship with money, get my spending under control, manage my debt, and build exciting goals.

Quiz Outcomes

1.
You need a Financial Advisor
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Financial advisors typically work in the investment industry and focus on managing client investments. They can provide you with advice on asset allocation, investment selection, risk management, and other investment-related issues. Financial advisors are typically registered with the Securities and Exchange Commission (SEC) or a state securities regulator and must hold specific licenses to provide investment advice. They often work on a commission or fee-based model.
2.
You need a Financial Planner
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Financial planners focus on creating comprehensive financial plans that encompass a wide range of topics. They provide guidance on retirement planning, tax planning, estate planning, insurance, and investment management. Financial planners typically have a certification like the Certified Financial Planner® (CFP) designation, which requires passing an exam, meeting education requirements, and adhering to ethical standards. Financial planners may work on a fee-only or fee-based model.
3.
You need a Financial Coach
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As a money coach, I can help you fix your relationship with money, get super clear on the vision for your life, and build financial habits, goals, and systems to support that vision. I want you to have an amazing, abundant life RIGHT NOW, not just when all your financial goals are achieved, and certainly not once you retire!I blend money mindset coaching with financial planning fundamentals to help my clients transform their financial situation from the inside out.Click the button below to learn more about my coaching program and to schedule a complementary money chat.Your Money Coach,Jenny

Do I need a Financial Advisor, Planner or Coach?

Perhaps you know you're in need of financial support, but you aren't sure where to turn. There are several options, and if picking one is throwing you for a loop, take this quiz to gain clarity.

Quiz Questions

Quiz Outcomes