Money Management

Is a Virtual Financial Advisor Best for You?

Brian Thorp
Brian Thorp is the founder and CEO of Wealthtender and Editor-in-Chief. Prior to founding Wealthtender, Brian spent nearly 22 years in multiple leadership roles at Invesco. With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.

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Are you considering hiring a financial advisor who can meet with you online? A virtual financial advisor can help you make smarter money moves (and avoid sitting in traffic).

In this article, we’ll discuss the rapidly growing trend of hiring a virtual financial advisor who can meet with you from the comfort of your own home via a videoconferencing tool like Zoom. And we’ll introduce you to a diverse mix of online financial advisors ready to help you develop a personalized plan for your unique needs.

What is a Virtual Financial Advisor?

A virtual financial advisor offers financial planning services to their clients primarily or entirely online and by phone. You may also hear these financial professionals referred to as online financial advisors. This means no matter where you or your financial advisor choose to live, you’re always just a Zoom call away from a face-to-face meeting.

The Benefits of Hiring a Virtual Financial Advisor

Virtual financial advisors have been gaining steadily in popularity for many years and for many reasons.

One of the first reasons people began working with financial advisors online was to gain time back in their day by not having to get in the car and sit in traffic to meet with their financial advisor when a phone call or Zoom meeting works just as well.

For people who travel frequently or anticipate moving to another part of the country (or living overseas), working with an online financial advisor also ensures no disruption to your relationship no matter where life takes you.

Perhaps the most significant development accelerating the trend towards online financial advice is the ability for financial advisors to specialize in serving a niche that simply wouldn’t be practical if limited to working with clients in their hometown.

For example, many advisors now specialize in working only with clients in a particular occupation (e.g., doctors, lawyers, small business owners, technology workers, real estate agents), with particular family needs (e.g., sandwich generation families, college funding, blended families, single-income families), or investing specialties (e.g., crypto investing, DIY investors, socially responsible investing), among many other niches, served.

What this means for you is an opportunity to hire a specialist financial advisor who truly understands your individual needs based on their education, experience, and commitment to helping people just like you.

📍 Click on a pin in the map view below to discover virtual financial advisors who can work with you online to develop a personalized financial plan. Or choose the Grid option to view these virtual advisors in a directory.