The Value a Financial Advisor Brings to the Table

| January 05, 2018
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If you were going into a surgery for a procedure, you wouldn’t trust just anyone. You would likely search for a well-regarded doctor, and possibly get a second or third opinion to see who you were most compatible with and who you felt you trusted most. You would take your time finding just the right person because your health is important to you.

As a CRNA, this may seem obvious. But it’s also important when selecting a financial partner to help manage your money. Are you working with an advisor who is familiar with the challenges you face as a CRNA? Working with a specialist advisor who understands your financial situation and the challenges associated with your career can help you better pursue your goals.

Increasing Use of Robo-Advisors

In our modern age of technology, algorithms can be applied to client information to automate portfolio allocation and investment information. This technology is often referred to as “robo-advisors.” Robo-advisors have been experiencing exponential growth and $25 billion in assets are now being managed by the top 11 firms alone. (1) Many wealth management firms are adopting robo-advisor technology in an attempt to save time and money.

But regardless of how sophisticated the technology, robo-advisors can’t understand your unique personality, your level of financial knowledge, or the depth of your financial planning and investing needs. They may be able to provide general investment advice, much like a primary care doctor, but they can’t always offer the personalized level of care and expertise that a specialist, like a cardiologist, can.

Unlike a robo-advisor, a financial advisor can learn about your specific needs and provide specialized guidance regarding your financial goals. Because we understand CRNAs and the unique challenges they face, we can help craft a financial plan that addresses your individual needs.

The Importance of Knowing Your Advisor

Your money is important. After all, your livelihood and legacy depend on it. You should know who it is managing it, and what they are doing with it, and why.

Every investor is unique with his or her own risk tolerance and values. It is important that you know your financial advisor well enough to ensure that your money is not in riskier investments than you’d like. Also, it is important that your financial advisor’s investment philosophy is aligned with your value system.

Think of your money as your heart and your financial advisor as your cardiologist. While a robo-advisor may offer the general guidance of a primary care physician, your financial advisor can offer concierge service for your finances and investments with in-depth knowledge.

At CRNA Financial Planning®, we don’t just help you build an investment portfolio. We help CRNAs with all elements of their financial life, including retirement planning, estate planning, tax minimization strategies, budgeting, and more. Some of our clients like to think of us as their personal CFO. We also coordinate with other important members of your financial planning team like your CPA and attorney.

Our Customized Value Proposition

Beyond the benefits of working one-on-one with an advisor, rather than a technology platform, it can be advantageous to work with an advisor who adheres to the values you also value. So what sets us apart?

Over Two Decades of History with CRNAs

Because we exclusively serve CRNAs, we understand the unique challenges you face throughout your career as well as your financial journey. We help CRNAs to make informed decisions about their financial lives so they feel more confident in their future.

Service That Exceeds Expectations

We aspire to deliver a level of service which will exceed clients’ expectations. We like to say we aim to deliver Five Star service with FedEx efficiency. As an independent firm, we can provide clients with advice onfinancial services and solutions that are specifically tailored to you as a CRNA.

Resources

Active in the CRNA community, we can offer you a wide array of services and resources, including assistance with searching for freelance jobs, personal and business financial advice to CRNAs considering freelance options, insight into small business incorporation, and coordination with your accountants and attorneys or referrals to our specialist partners.

Informed Decisions

We strive to help our clients make informed decisions that are logical for them. Using a number of resources, we develop a comprehensive financial plan so you can pursue your goals.

Education

We seek to not only arm CRNAs with a financial roadmap for their future, but to also educate CRNAs and SRNAs on many common questions and concerns they may face. By offering insights, we hope to help you have a better understanding of your financial plan.

Communication

Our goal is to build relationships with you and provide frequent communication and updates. We make ourselves available for client meetings in-person, telephone or via web conference.

Finding an Advisor Who Aligns with Your Needs

Finding an advisor with whom you feel comfortable working can offer you greater financial confidence and a more tailored roadmap to your financial goals. It’s essential that, like finding the best doctor, you take the time to find an advisor who is the right fit for you.

From the first meeting, we listen to our clients and learn about their financial goals. By listening and learning before acting, we seek to offer services and strategies designed to help CRNAs pursue their unique financial objectives. If you’d like to learn more about the value we bring to the table, as well as the costs involved, please call our office at 855.304.3748 or email [email protected] for a complimentary review.

About Jeremy Stanley

Jeremy Stanley is the founder of CRNA Financial Planning® as well as CRNA Tax Associates®. He has been providing advice and guidance for Certified Registered Nurse Anesthetists (CRNAs) for over two decades. As a CERTIFIED FINANCIAL PLANNER™, Jeremy has met rigorous certification and professional standards set by the CFP® Board. He is committed to adhering to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients.

Jeremy is also the author of The Wealthy CRNA and A CRNA’s Life After Anesthesia. The Wealthy CRNA features insights into becoming a financially successful CRNA and how to start planning for your financial future, and has been prior approved for up to 4 Class A CE credits by the AANA. A CRNA’s Life After Anesthesia serves as your financial roadmap for a smooth emergence into retirement. It reviews recent changes in the CRNA industry along with the new rules of retirement and the final steps of legacy planning. This book has been prior approved by the AANA for up to 2 Class A CE credits.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

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(1) http://www2.deloitte.com/content/dam/Deloitte/us/Documents/strategy/us-cons-robo-advisors.pdf

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