The average age of a financial advisor is 55 years old. That means you’re likely to retire after them, or even outlive them. There are many reasons why you should have a financial advisor that is younger than you; Here are four major perks to working with a younger financial advisor.

#1 They Know How to Use Technology

Young financial advisors grew up using technology their entire lives. By being able to use technology efficiently in building a client’s financial plan, they can implement and optimize a client’s overall plan. This is important because as an advisor, you need to build a financial plan that you can articulate to your client in charts, graphs and presentations that clearly describes the plan you are trying to implement. A client needs to be informed with clear and concise data that will help them understand the recommendations and have important conversations with the advisor about them.

#2 They Bring New Ideas to Financial Planning

There are many ways out there to build a financial plan for a client, as every client and situation is different. Young advisors are constantly bringing in new ideas and strategies to implement for their clients. Younger advisors are very observant in analyzing new trends in the industry and positioning their client’s portfolios as such. Whether it’s an upcoming tech trend, health care trend or media trend, younger advisors should know how to take advantage of these industries and others alike. This is extremely important in building long term wealth for each client.

#3 You Will Go Through Life Events with One Another

This is one of the more important aspects, in my opinion. When you have a young financial advisor, you will grow with one another. Whether you are client in your 30’s, 40’s, 50’s and so on, you will get to go through life events with one another, whether it is buying a new home, getting married or having kids. Since these life events often require financial planning, it will strengthen the connection between clients and adviser. There have been many times I have been in meetings when newborns, home purchases or newly married couples are the main topic of conversation.

#4 Someone You Can Trust in the Event Something Were to Happen to You

This is another very important reason for having a young financial adviser. If something were to happen to you, your spouse or to the both of you, you know that your financial advisor, will around to take care of your estate and any assets passed on to your heirs or children. One of the main concerns many clients have is that they want to make sure their assets and estate are handled properly if they were to pass. A young financial advisor that has built a strong connection with a client will have the opportunity to help transition the wealth to the client’s heirs and the clients will have the peace of mind knowing that it will be handled responsibly. After the passing on of the assets, the financial advisor will be able to help the next generation as well, making him or her a valuable resource for multiple generations of a family.

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The content presented is for informational purposes only and is not intended as offering financial, tax, or legal advice, and should not be considered a solicitation for the purchase or sale of any security. Some of the informational content presented was prepared and provided by tMedia, LLC, while other content presented may be from outside sources believed to be providing accurate information. Regardless of source no representations or warranties as to the completeness or accuracy of any information presented is implied. tMedia, LLC is not affiliated with the Advisor, Advisor’s RIA, Broker-Dealer, or any state or SEC registered investment advisory firm. Before making any decisions you should consult a tax or legal professional to discuss your personal situation.Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.
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