Fraser Financial Partners remains a leader in the financial services industry, delivering a wide range of services designed to meet the diverse needs of clients. The company’s retirement planning service has become even more helpful in recent times, as the financial solutions provider and their team show how important a financial advisor can be during a crisis, such as the COVID-19 pandemic.
The coronavirus pandemic has continued to ravage countries across the globe, significantly affecting the finances of individuals and families due to the near-collapse of several businesses. While the global health crisis has not particularly spared anyone, some individuals have found ways of weathering the storm and coming out with seemingly little scars. Financial advisors have come in handy during these challenging times, helping their clients to leverage their financial management and investment expertise to remain calm amid the high volatility caused by the pandemic. The likes of Joseph Topolski and his team at Fraser Financial Partners have become lifesavers, helping clients to identify and enjoy the financial and tax planning opportunities that come with a crisis.
How Financial Advisor Can Help During COVID-19 Crisis
Financial advisors are known for helping their clients make the most informed decisions to support their financial standing in the present and future. However, with such disruptions as the COVID-19 pandemic, the expertise of financial advisors becomes even more important. Instances like this might require re-running the retirement projections of clients as needed by market realities to mitigate their current stress levels.
Advisors also help clients to readjust their budgets to ensure their spending habits suit their short, medium, and long-term goals, particularly as retirees. Clients might also be required to make contingency plans for next-in-line sources of cash in the occurrence of depletion of their emergency fund.
Other ways that financial advisors can help their clients during a disaster such as the COVID-19 pandemic include reducing loan payments to lenders, fixing “asset-location” problems, and reviewing healthcare proxies, living wills, and advance directives to account for the healthcare implications, should a client contract COVID-19.
Fraser Financial Partners has a team of experienced financial advisors helping clients to make the required adjustments to their plans as necessitated by the pandemic to take control of the possible outcomes even at retirement.
For more information about the retirement planning service as offered by Fraser Financial Partners, please visit – https://fraserfinancialpartners.com/retirement-planning/.
About Fraser Financial Partners
Fraser Financial Partners is a team of experienced financial experts headed by Joseph R. Topolski, providing a wide range of financial planning, retirement planning, wealth management, and insurance services to clients across the Baltimore area.
Company Name: Fraser Financial Partners
Contact Person: Mr. Joseph R. Topolski
Email: Send Email
Address:1909 Thames Street, Suite 201
State: MD 21231
Country: United States