Quarterly Financial Check-Up: Key Questions to Ask Your Advisor

As the end of the year draws near, October provides a perfect opportunity for a financial check-up. Just as regular health check-ups are essential for physical well-being, quarterly financial reviews are crucial for maintaining a healthy financial future. At Pinnacle Advisors, we believe that a proactive, collaborative approach to wealth management can help you reach your unique milestones with clarity and confidence.

Here are five key questions to ask your financial advisor during a quarterly review to help ensure you’re on track for your financial goals:

1. Are My Financial Goals Still Realistic?

Life changes, and so do your financial goals. Whether you've experienced a change in income, are considering a major purchase, or have shifted your retirement plans, it’s essential to keep your advisor informed. A quarterly review is an excellent time to reassess your goals and adjust your financial plan as needed to reflect these changes.

2. How Has Market Volatility Impacted My Portfolio?

October is historically known for market fluctuations. Reviewing your portfolio during this time can help you understand how volatility may have impacted your investments. Ask your advisor about any adjustments that may be needed to align with your risk tolerance and long-term objectives. At Pinnacle Advisors, we focus on diversification and strategic rebalancing to help you stay the course, even during unpredictable market conditions.

3. Am I Maximizing Tax-Efficient Strategies?

With year-end tax planning right around the corner, now is the time to discuss tax-efficient strategies. Questions about tax-loss harvesting, retirement contributions, and charitable donations can help optimize your tax situation before December 31. Your advisor can help you identify opportunities to minimize your tax liabilities and maximize savings, ensuring your financial plan remains as efficient as possible.

4. How Are My Investments Performing Against Benchmarks?

Understanding how your portfolio is performing relative to key benchmarks is essential for gauging progress. Ask your advisor to review the performance of each asset class and whether adjustments are necessary to improve your portfolio’s alignment with your financial goals. At Pinnacle Advisors, we provide clear and transparent insights into your investments, helping you stay informed and empowered.

5. Are There Any Financial Planning Steps I Should Take Before Year-End?

From maximizing retirement contributions to adjusting estate plans, there are several steps you can take before the end of the year to enhance your financial position. Ask your advisor about any last-minute financial planning tasks that could benefit you. By addressing these items now, you can start the new year with a clear and confident plan in place.

The Pinnacle Difference: Collaborative Financial Guidance

At Pinnacle Advisors, our approach to wealth management is centered on collaboration. We work alongside you and your existing financial team to help you navigate your unique financial journey. By asking the right questions and remaining proactive, you’re taking an important step towards achieving your financial goals.

Ready for your quarterly financial check-up? Schedule a meeting with your Pinnacle Advisors team today, and let’s work together to create a clear and confident path to your future.

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IMPORTANT DISCLOSURE INFORMATION

Please remember that past performance is no guarantee of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Pinnacle Advisors [“Pinnacle”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Pinnacle. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. No amount of prior experience or success should be construed that a certain level of results or satisfaction will be achieved if Pinnacle is engaged, or continues to be engaged, to provide investment advisory services. Pinnacle is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Pinnacle’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request or at www.pinnacleadvisors.com. Please Note: Pinnacle does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Pinnacle’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Please Remember: If you are a Pinnacle client, please contact Pinnacle, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.  Unless, and until, you notify us, in writing, to the contrary, we shall continue to provide services as we do currently. Please Also Remember to advise us if you have not been receiving account statements (at least quarterly) from the account custodian.

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