Reasons to Work with a Professional Financial Advisor

Drawing on nearly three decades of experience in the financial industry, Frederick Eugene “Fritz” Mowery guides clients through all aspects of managing their assets with his company Mowery Capital Management, LLC. In his role as president and chief investment officer, Fritz Mowery helps clients manage their assets, even during periods of economic recession.

The current global pandemic has had significant effects on the economy, and many investors worry about the impact on their long-term financial health. Managing your finances through an economic crisis can be a true challenge, which is why it can be extremely helpful to work with a finance professional in these situations.

Financial advisors are especially helpful in guiding their clients through long-term financial planning. Determining priorities and long-term financial goals can be particularly important in establishing the health of your finances for years to come. Individuals with comprehensive financial plans generally have significantly more money saved in their retirement than those without financial plans. Working with a quality financial planner could increase your annual returns, helping you save more money than you might be able to on your own.

Investing during an economic crisis can be frightening and sometimes emotionally taxing, but working with a financial advisor can help you feel more confident in your finances. Rather than worrying and trying to pull money from the market too soon, those working with financial advisors may feel more comfortable waiting out an economic crisis.

Reasons to Hire a Financial Advisor during These Tough Times

Investment professional Frederick Eugene “Fritz” Mowery possesses over three decades of industry experience and has led his customers through financial and market crises. Fritz Mowery, through his investment company Mowery Capital Management, LLC, successfully guided his clients’ investments through several epidemics, including the SARS epidemic in 2003, swine flu in 2010, Ebola virus in 2015, and recently, the COVID-19 virus.

Since the Great Depression in 1929, the investment sector has experienced large percent declines in 1937, 2001, and 2008. According to American Funds, one year after reaching each of these lows, the stock market had already bounced back an average of 70.94 percent.

Like Mr. Mowery, investment experts have suggested waiting to take advantage of more prominent companies’ lower prices than rushing to sell. It’s possible to experience a drop of 10 percent or more in stock market prices and still earn a good profit at the end. Having an experienced investment advisor helps investors to stay calm and avoid an adverse reaction while biding time till the price returns.

In the long run, equity value depends on longer-term corporate earnings, driven by inflation, innovation, business investment, interest rates, and the regulatory environment. All these factors are conducive to long-term growth, even with the spread of the coronavirus.

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