Virtual meetings are nothing new. In recent years, they've become a standard part of life, making it easier to connect with colleagues, family, and professionals. But when it comes to your finances, should you consider working with a financial advisor virtually or stick to the more traditional in-person meetings? Here are some of the top reasons I find virtual advising to be a good option for my clients.
It probably isn't too surprising that one of the biggest advantages of working with an advisor virtually is the convenience. Imagine having your financial review after work, from the comfort of your own home, or even during your lunch break at the office. Without the need to rush through traffic or rearrange your entire day just to meet in person, virtual meetings can provide a seamless way to fit financial planning into your busy schedule.
In addition to convenience, virtual meetings offer more flexibility. Without the limitations of location, advisors who focus on virtual advising often offer a wider range of available meeting times. Whether you prefer early mornings, late evenings, or even a weekend appointment, it's much easier for both you and your advisor to find a time that works best when you're meeting online.
Life is full of changes, and whether you or your advisor relocate, virtual meetings make it more likely to avoid a disruption to your financial planning. This means that even if you move to another state, your relationship with your advisor remains consistent (assuming the advisor is properly licensed to continue advising you). The ability to continue your financial journey uninterrupted can be a huge benefit of working with an advisor virtually.
Working with a financial advisor virtually can also be more cost-effective. Many advisors who work virtually can offer lower fees because they don't have the same overhead costs as those with physical offices. This means you might get the same great service at a lower cost—something every client can appreciate.
It could be argued that virtual meetings feel less personal and may prevent a deeper relationship from being built. However, in my own experience, I've found that I get to know my clients even better online as the time I save not having to commute can be spent building stronger connections. Ultimately, the choice between meeting virtually or in-person comes down to personal preference. However, in today's fast-paced, digitally connected world, virtual advising can be an excellent option to kickstart your financial planning journey.