| When an advisor has to deliver some bad news to a client | | |  | WED, JUL 03, 2019 | | | | A financial advisor helps you manage money, build wealth and achieve your life goals. Hiring the right advisor allows you to delegate some, if not all, of the responsibilities inherent in managing your finances.
It's for that reason you want and need someone to hold you accountable and not be afraid to offer a reality-check from time to time. My financial advisor got me through an incredibly difficult time in my life. He did so by being honest with me and offering sound money advice at a time when I was distracted and had taken my eye off the ball.
We should all want a financial advisor who communicates and alerts us that we are not saving enough for our goals, or that we are not taking the right action on things to which we were committed to in our financial plans. No one likes to be called out when they don't follow through on something, but in reality, it's exactly what you want.
For more cool stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. | | Here's the best financial advice these 10 advisors ever received | | Financial advisors, financial planners, wealth managers and the like are used to offering up advice on a daily basis to paying customers. But what's the best piece of financial advice they ever got? We asked members of the CNBC Digital Financial Advisors Council to share the most important financial insight they ever received. | | | | | | Fama vs Shiller: Are markets efficient or not? | | "We had our friend Allison Schrager up at the Compound to talk about the Nobel Prize for Economics that was shared by Professors Robert Shiller and Eugene Fama for their lifetime contributions ..." | | | |
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