A Match Made in Money

Financial planners – who needs ‘em? Maybe Fortune 500 CEOs, business owners or only those deeply invested in the stock market.

Actually, analysts say anyone interested in building wealth could benefit from a financial planner.

Turns out, “anyone” mostly means women.

A recent study estimates “two-thirds of the nation’s wealth will be in women’s hands by 2030.”

So, how to know if it’s best to hire a planner or handle finances on your own?

A financial planner guides you through fiscal decisions: Do you want to invest more? At what risk? Do you need to diversify your investments to maximize your

growth potential?

The pros: You get a heads-up with advice from your financial planner. The cons: picking the wrong financial planner, not being able to contact her and sometimes feeling like you don’t have enough control over what happens to your money.

If assistance with money management sounds appealing, finding the right support is key. Experts advise getting referrals, checking credentials and meeting face-to-face before committing to make sure you’re compatible.

Some banks include planning services just for banking with them.

At the first meeting, devise a plan of action, set up a future meeting schedule and define how she will be paid (commission, fee-based or by the hour), says FiPath.

Maybe the financial-planner route isn’t quite right for you. You can do your part individually by creating your own policies, managing payments and considering certified courses.

Bonus PINK Link: Find out how to get salvation from inflation.

By Gena Latrell

“Investing is not about math. It’s about concepts, and women can understand them just as easily as men.” Jane Bryant Quinn