Navigating Financial Advisory with Andrew Pravlik: What to Expect When Working with a Financial Advisor
Anyone who has worked with a successful financial advisor knows that they are much more than someone who opens accounts or purchases insurance plans. They are highly educated, credentialed, and experienced professionals who are able to advise their clients on tax planning, asset allocation, retirement planning, risk management, and estate planning. Minimum preparation for their career is a bachelor’s degree, a financial internship, and at least the Series 7, Series 63, Series 65, and Series 6 licenses.
Andrew Pravlik, a financial advisor with more than 30 years of experience, knows that when a client chooses to work with him, it’s for a variety of reasons. Yes, he can fulfill their needs and take action on their requests; but he is also staying up-to-date on all areas of finance in order to advise his clients towards the best possible outcome. Pravlik has learned that the biggest compliment is a referral to family and friends, and is proud to serve as a financial advisor to several generations of the same families.
When you work with a reputable financial advisor, they will treat your money as if it were their own; they will guide clients and make decisions on their behalf when necessary. With this in mind, anyone searching for a financial advisor should be satisfied not only with their education and licenses, but also the advisor’s thorough understanding of the client’s personal goals. Turning over the reins on financial matters is no small decision, and can have a major impact on if you reach, or even exceed, your financial goals.
Financial Advisors are Experts in Their Fields
Well-trained financial advisors are truly experts in their fields, offering full-service recommendations and fulfillment capabilities to a wide range of clients. Take Pravlik, for example. He graduated from Allegheny College and took a financial internship at the firm Hefren-Tillotson, where he continued on to the role of First Vice President over the course of 17 years. He earned his Series 7, 63, and 66 securities licenses as well as the Securities Industry Essentials® (SIE®) Certification, and is fully licensed in life, annuities, fixed index annuities, and long-term care insurance.
Not only is Pravlik educated and certified, but he’s experienced and seasoned – two valuable attributes that can’t be over-appreciated. In addition to working with clients of all sizes on a daily basis, Pravlik invests significant time into his continuing education. This includes meeting with industry leaders and investment professionals “to keep in touch with the constantly shifting economic, political, and monetary environment,” as well as reading The Economist, Wall Street Journal Daily, Financial Times, Kiplinger and Bloomberg.
Currently serving as the President, CEO, and Managing Partner at Pittsburgh Financial Group, Pravlik is so passionate about all matters financial that he has been featured on numerous financial radio shows. After cutting his teeth on the KDKA radio show “Your Money and You”, the # 1 rated financial show in Pittsburgh, he now has his own financial literacy radio show in development. The show will air in Pittsburgh and in Seattle, where Pittsburgh Financial Group’s subsidiary, Seattle Financial Group, is headquartered.
Don’t Underestimate Relating to Your Financial Advisor
Yes, your financial advisor’s number one job is to grow your money, protect your assets, and direct you towards decisions that benefit your future. But being able to talk openly and honestly with your advisor, and feeling confident that they have your best interests at heart, is of critical importance as well. In Pravlik’s case, he is adamant about a topic that has been popular in recent years: it is possible to save too much for retirement.
An avid fly fisher and overall outdoorsman, Pravlik encourages his clients to enjoy their lives right now, and prioritize their health. If they don’t, they may find that their nest egg instead goes towards expensive medical bills, and they may not get the chance to spend their golden years doing all of the things that they love to do. In a nutshell, there’s more to retirement planning than money.
When it comes time to choose a financial advisor, make sure you’re on the same page when it comes to values and risk aversion. Everyone’s goals are different, and your advisor should be able to shift gears to meet your personal style of saving, investing, and spending.
Choose Your Advisor Carefully
Selecting your financial advisor is one of the most important decisions you can make for your financial health – don’t take it lightly. It is recommended that you thoroughly research anyone that you’re considering working with, and meeting with them in person to confirm that their personality and approach to business is in line with your expectations.
Whether you want a “hands-off” approach, or to work closely with your advisor like Andrew Pravlik does with his clients, don’t settle until you’ve found what you’re looking for. With over 300,000 financial advisors working in the US, the right fit for you is out there, ready to help you achieve all of your financial goals.
Registered Representative of World Capital Brokerage, Inc., Investment Advisory Representative of World Capital Brokerage Advisory Services, 888-742-0631, Member FINRA/SIPC, custodial services through BNY Mellon-Pershing