From our blog:

Gen Z’s Buying Guide to Hiring a Financial Advisor

How can Gen Zs benefit from having a financial advisor? As Gen Z’er, what should I look for in financial advisors? Are financial advisors even affordable, and what are ways that people as young as me can afford financial advisors?

I get it. You have a ton of questions about hiring a financial advisor that TikTok just can’t answer.

We’re here to help, and here are the answers to these most important questions:

Benefits of having a financial advisor for Gen Zs:


      • Expert guidance: A financial advisor can help you make informed financial decisions based on your individual circumstances. They can help you create a financial plan that meets your specific goals, such as saving for retirement, buying a home, or paying for college.

      • Time savings: A financial advisor can save you time by doing the research and legwork involved in managing your finances. This can be especially helpful if you are not comfortable or do not have the time to manage your finances on your own.

      • Peace of mind: Knowing that you have a financial advisor who is looking out for your best interests can give you peace of mind. This is especially important if you are facing a major financial decision, such as buying a home or starting a business.

    Here are some ways that Gen Zs can afford to hire a good financial advisor:


        • Look for a fee-only advisor: Fee-only advisors charge a flat fee for their services, rather than a commission on the products they sell. This can make them more affordable for Gen Zs who are on a budget.

        • Find an advisor who offers a sliding scale fee: Some financial advisors offer a sliding scale fee based on your income or assets. This can make their services more affordable for Gen Zs who are just starting out.

        • Shop around: Get quotes from several different financial advisors before you make a decision. This will help you find the best advisor for your needs and budget.

      Here are some of the things that Gen Zs should look for in a financial advisor:


          • Experience: Look for an advisor who has experience working with Gen Z clients.

          • Communication style: Make sure you feel comfortable communicating with the advisor. You should be able to understand their advice and feel confident that they are working in your best interests.

          • Fee structure: Understand how the advisor charges for their services. Make sure you are comfortable with the fee structure before you hire them.

        Financial advisors can be affordable for Gen Zs who are willing to shop around and find an advisor who is a good fit for their needs and budget. There are a number of ways to afford a financial advisor, such as looking for a fee-only advisor, finding an advisor who offers a sliding scale fee, or shopping around for the best rates.

        Here are some additional tips for Gen Zs who are looking to hire a financial advisor:


            • Start early: The earlier you start working with a financial advisor, the more time they will have to help you reach your financial goals.

            • Be clear about your goals: Before you meet with an advisor, take some time to think about your financial goals. What do you want to achieve with your money? Once you know your goals, you can work with the advisor to develop a plan to reach them.

            • Be prepared to ask questions: Don’t be afraid to ask questions of the advisor. This is your money, so you deserve to understand how the advisor is going to help you manage it.

            • Trust your gut: If you don’t feel comfortable with the advisor, don’t hire them. There are plenty of other advisors out there who would be happy to work with you.

          Working with a financial advisor can be a great way to reach your financial goals. By following these tips, you can find an advisor who is a good fit for you and your budget. Ready to get started? Reach out to one of our advisors today for a FREE 30-minute conversation to see where we might be able to help!

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