lutz logo
lutz logo
  • Services
  • News & Insights
  • About
  • Client Portal
Search
  • Services
  • Accounting
  • Advisory
  • Financial
  • M&A
  • Talent
  • Tech
  • Accounting Services
Services
  • Audit & Assurance
  • Client Advisory Services
  • Outsourced Accounting
  • Tax
  • Business Valuation
  • Litigation Support & Forensic
View All
Industries
  • Agribusiness
  • Construction
  • Family Office
  • Healthcare
  • Manufacturing & Distribution
  • Nonprofit
View All
News & Insights
Financial Access Checklist
Guide
Financial Access Checklist

Share this information with your spouse to assure you each have access to manage important financial tasks independently.

Read More
  • Advisory Services
Services
  • Accounting
  • Financial
  • M&A
  • Talent
  • Tech
View All
Resources
The Art of Budgeting
Recording
The Art of Budgeting + Smart Saving Strategies
Learn how to get your finances under control and increase your savings! Hear real-life examples and best practices to secure a successful future.
Watch Now
Business Insights
Comparing Business Valuation Methods
Blog
Comparing Business Valuation Methods: Which is Right for You?
Valuation experts rely on three primary approaches to determine the value of a business: income approach, asset approach, and market approach.
Read More
  • Financial Services
Services
  • Financial Planning
  • Investment Advisory
  • Retirement Plan Services
  • Pooled Employer 401(k) Plan
View All
Resources
  • Lutz Financial Blog
  • Our Team
  • Client Portal
  • Charles Schwab Login
  • Send Files Securely
Contact Us
NEWS & INSIGHTS
Website Featured Content Images
Market Commentary
Financial Market Updates

Read our latest financial market updates and sign up to receive them straight to your inbox.

Read More
  • M&A Services
Services
  • Sell-Side Representation
  • Transaction Advisory
  • Exit Planning
  • Business Valuation
View All
Resources
Selling a C Corporation
Blog
Factors to Consider When Selling a C Corporation

Understand the tax issues affecting both buyers and sellers involved in C corporation merger and acquisition transactions

Read More
Business Insights
Post-Acquisition Checklist
Guide
Post-Acquisition Checklist for a Seamless Transition
To help you navigate this critical period, we've compiled a comprehensive checklist covering key areas that demand attention after the deal closes. 
Read More
  • Talent Services
Services
  • Search & Staffing
  • Outsourced HR
  • HR Consulting
View All
Candidate Resources
  • Job Seeker Process
  • Current Opportunities
  • Lutz Internships
Contact Us
News & Insights
Overcoming Bias in Recruitment
Blog
Unconscious Bias in Recruitment: How to Overcome It
Learn how to take the bias out of recruitment and build a diverse, talented workforce with these tips.
Read More
  • Tech Services
Services
  • Outsourced IT
  • Data Analytics
  • Technology Strategy
  • Software Consulting
View All
Resources
When to outsource your IT
Blog
How to Know When It's Time to Partner with an IT Pro

One day your technology seems manageable, and the next you're wondering if you need more support. Here are the clear signs it's time to outsource your IT.

Read More
Business Insights
Untitled design (1)-Mar-08-2024-08-50-35-9527-PM
Video
Pella Client Testimonial
"I've used them for valuation work, stock transfers, hosting all of my technology, and now data analytics. I'd say they lead the pack in terms of anticipating what I'm going to need before I even know I need it."
View Now
Business Insights
BLOG
Explore Topics

Get the latest news and insights on relevant topics that matter most to you.

View All
Webinars & Events
Events
Register Today

Register for an upcoming event or access our library of on-demand recordings.

View All
Market Updates
COMMENTARY
Stay Informed

Catch up on market moves with our weekly update, featuring in-depth insights and analysis.

View All
Resources
EBOOKS & GUIDES
Download Now

Take a deep dive into challenging business topics with these free educational resources. 

View All
  • News & Insights
  • Business Insights
  • Webinars & Events
  • Market Updates
  • Resources
Business Insights
BLOG
Explore Topics

Get the latest news and insights on relevant topics that matter most to you.

View All
  • About
About

Lutz is a business solutions firm for people seeking a partner to help energize and heighten economic and organizational success.

Our Company
Our Team
Offices
Careers
Internships
Contact Us
  • Contact
Client Portal

Log in to your relevant client portal to access your account, upload documents, or make a payment.

Make a Payment
Accounting Client Portal
Financial Client Portal
Charles Schwab Login
Send Files Securely
Contact Us
  • Financial Planning

What to Consider When Choosing a Financial Advisor

Adriane Washburn, Investment Advisor
October 25, 2024
What to Consider When Choosing a Financial Advisor

When it comes to managing your money, the right guidance can make all the difference. Maybe your business is booming, but your personal finances need some attention. Or perhaps you've just received an unexpected windfall, and you're not sure how to make the most of it. Maybe retirement is on the horizon, and you're wondering if you're really prepared. Whatever your situation, there comes a point when you might think, 'I could use some expert help here.' That's where a financial advisor comes in. But how do you choose the right one? Let's break it down. 

 

The Role of a Financial Advisor 

A financial advisor serves as a professional consultant for your financial matters. Their responsibilities typically include: 

  • Assisting in setting and prioritizing financial goals
  • Developing comprehensive financial plans
  • Providing investment management services
  • Offering guidance on retirement planning
  • Advising on tax-efficient strategies
  • Assisting with estate planning
  • Recommending appropriate insurance and risk management solutions

 

Key Considerations in Selecting a Financial Advisor 

When evaluating potential financial advisors, consider the following factors:

1. Qualifications & Credentials

Credentials show you an advisor's level of education, expertise, and commitment to their field. Some notable ones include: 

  • CFP (Certified Financial Planner): Demonstrates broad-based knowledge in financial planning.
  • CFA (Chartered Financial Analyst): Indicates expertise in investment analysis and portfolio management.
  • ChFC (Chartered Financial Consultant): Similar to CFP, with additional focus on insurance and estate planning.
  • CPA (Certified Public Accountant): This person has expertise in accounting and taxation, with some specializing in financial planning. 

While credentials are important, they should be considered alongside other factors, such as experience and personal compatibility.

2. Experience & Expertise

Real-world experience counts just as much as their academic qualifications. Consider asking the following questions: 

  • How long have you been practicing as a financial advisor?
  • What is your typical client profile?
  • Can you provide examples of how you've assisted clients in situations similar to mine?
  • What do you consider your areas of specialization? 

Responses to these questions can provide insight into the advisor's real-world experience and their ability to address your specific financial needs.

3. Service Offerings

Financial advisors wear many hats. They might help you with: 

  • Comprehensive Financial Planning: A holistic approach covering all aspects of your financial life.
  • Investment Advisory: Focused on growing and preserving your wealth through strategic investment decisions.
  • Retirement Planning: Helping you prepare for a financially secure retirement.
  • Tax Planning: Strategies to optimize your tax situation.
  • Estate Planning: Ensuring your assets are handled as you wish after your passing

When discussing services with a potential advisor, consider asking: 

  • Do you offer all these services or specialize in certain areas?
  • How do you customize your services to meet individual client needs?
  • Are there any services you don't provide that I might need?

4. Investment Philosophy

Understanding an advisor's investment philosophy is crucial as it will guide how they manage your assets. Common investment approaches include: 

  • Active vs. Passive Investing: Active investing aims to outperform the market, while passive investing seeks to match market performance.
  • Value vs. Growth Investing: Value investing focuses on undervalued assets, while growth investing targets high-growth potential investments.
  • Strategic vs. Tactical Asset Allocation: Strategic allocation maintains a long-term asset mix, while tactical allocation involves short-term adjustments based on market conditions.

Discuss the advisor's approach and see if it aligns with your goals and risk tolerance.

5. Trust & Compatibility

The importance of trust and personal comfort in your relationship with a financial advisor cannot be overstated.  It’s a bit like picking a new doctor. You want someone who’s not only qualified but also someone you click with. You’ll be sharing sensitive financial information and relying on their guidance for important decisions. Consider the following: 

  • Does the advisor listen attentively and address your concerns thoroughly?
  • Are they able to explain complex financial concepts in terms you can understand?
  • Do you feel comfortable sharing your opinions and asking questions?
  • Do their professional values align with your personal financial philosophy? 

Trust your instincts. A strong, comfortable relationship with your advisor is essential for long-term financial success. 

 

Find the Right Advisor for You  

Selecting a financial advisor isn't just about numbers and strategies – it's about finding a partner for your financial journey. Remember, your finances are personal, and one size definitely doesn't fit all. The right advisor should listen, understand your unique situation, and work with you to create a plan that feels right for you. 

Take your time in this process. Ask questions, do your research, and trust your instincts. The relationship with your financial advisor can be a long and important one, so it's worth the effort to find the right fit. If you have any questions about choosing a financial advisor, don't hesitate to contact us.  

IMPORTANT DISCLOSURE INFORMATION

Washburn, Adrien_Color_Large
  • Individualization, Developer, Includer, Positivity, Connectedness

Adriane Washburn

Investment Advisor

Adriane Washburn, Investment Advisor, began her career in 1999. With over two decades of experience in the financial industry from banking, retirement planning, and investment management, she brings a broad and practical financial background to her role. 

Specializing in financial planning and wealth management, Adriane partners with clients to clarify their financial priorities and develop strategies to help them achieve long-term success. She works closely with colleagues across departments to ensure a seamless client experience, from reviewing account statements to implementing customized financial plans. Adriane values the trust built through meaningful relationships and strives to make every interaction impactful. 

 

Adriane lives in Grand Island, NE, with her husband, Ricky, and their three children, Carson, Tynli, and Cael. Outside the office, you can find her attending her children's activities, watching movies, and traveling.  

308.385.1148

awashburn@lutz.us

Connect on LinkedIn

Recent News & Insights

Construction
Financial Statements: What Do Banks & Bonding Companies Really Want to See?
Running a successful construction company means maintaining strong relationships with banks ...
Read More
Manufacturing
Tax Considerations for Remodeling or Expanding a Manufacturing Facility
Planning to modernize or expand your manufacturing facility? The tax implications could have a ...
Read More
Market Commentary
Time in the Market + 5.28.25
For anyone interested in following the markets, there has never been a better environment than ...
Read More
Accounting
Tax Highlights of the Proposed “The One, Big, Beautiful Bill”
On May 22, 2025, the U.S. House of Representatives passed a sweeping 1,116-page bill titled ...
Read More
module-bg-desktop module-bg-mobile

Let’s get you where you want to go.

We work to simplify complexities, help make critical business decisions, and confidently focus on the things that are truly important to you. We embrace your business as our own to spark the right solutions and help you thrive.
Contact Us
Lutz-Logo-white
  • Services
    • Accounting
    • Consulting
    • Financial
    • M&A
    • Talent
    • Tech
  • About
    • Our Company
    • Our Team
    • Offices
    • Careers
    • Internships
    • Current Opportunities
  • Client Portal
    • Make a Payment
    • Accounting Client Portal
    • Financial Client Portal
    • Send Files Securely
    Submit RFP
TOLL-FREE: 866.577.0780 | © Lutz & company, PC 2025 | Privacy Policy
Follow us on Facebook Follow us on LinkedIn Twitter - X Logo Follow us on Instagram Follow us on Facebook