Is Your Financial Advice Made to Order?

Have you ever received financial advice that really didn’t fit your personal situation or goals? Many advisors will resort to “rules of thumb” to help explain and dispense advice. Unfortunately, these time-tested rules don’t work well for all investors. Every person’s financial situation is different, and each investor should have advice tailored to his or her unique circumstances.

Unfortunately, there is no one-size-fits-all strategy for everyone’s investment and financial planning needs. Most financial situations are unique and require personalized advice that is realistic and achievable, especially when working with clients from different professions and industries. Many professions will require specific planning strategies due to certain employer benefits, insurance needs, debt management, or retirement income. A retiring factory worker may have a very different opinion on when to start social security benefits vs. a retiring schoolteacher with a pension plan. A heart surgeon may require a very specific type of disability insurance, whereas an accountant may only need a group disability policy. There isn’t one right answer, and often times your job and your employment benefits have a huge impact on the type of financial advice you should be receiving.

When you’re talking to your financial advisor or interviewing financial planners, be sure to ask what specific experience he or she has with individuals in your profession.  Ask what strategies may be unique to your situation, and be sure that the advice you’re receiving is personalized to your specific needs.



Wipfli Financial Advisors, LLC (“Wipfli Financial”) is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC); however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Wipfli Financial is a proud affiliate of Wipfli LLP, a national accounting and consulting firm. Information pertaining to Wipfli Financial’s management, operations, services, fees and conflicts of interest is set forth in Wipfli Financial’s current Form ADV Part 2A brochure and Form CRS, copies of which are available from Wipfli Financial upon request at no cost or at Wipfli Financial does not provide tax, accounting or legal services. The views expressed by the author are the author’s alone and do not necessarily represent the views of Wipfli Financial or its affiliates. The information contained in any third-party resource cited herein is not owned or controlled by Wipfli Financial, and Wipfli Financial does not guarantee the accuracy or reliability of any information that may be found in such resources. Links to any third-party resource are provided as a courtesy for reference only and are not intended to be, and do not act as, an endorsement by Wipfli Financial of the third party or any of its content or use of its content. The standard information provided in this blog is for general purposes only and should not be construed as, or used as a substitute for, financial, investment or other professional advice. If you have questions regarding your financial situation, you should consult your financial planner, investment advisor, attorney or other professional.
Benjamin Hayes

CFP®, MBA | Senior Financial Advisor

Benjamin Hayes, CFP®, MBA, is a Principal and Senior Financial Advisor for Wipfli Financial Advisors in Green Bay and Appleton, WI. Benjamin specializes in comprehensive financial planning for major life transitions, focusing on retirement, tax and risk-management considerations.

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Is Your Financial Advice Made to Order?

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