Matthew D. Kelly, CFP®

Partner and Financial Advisor

What do you think are the most important steps people can take to improve their financial well-being?

Automate, consolidate, and control what you can control.

Start by automating your savings, either through a company-sponsored retirement plan or a personal investment account. This way, you will quickly adjust to your cash flow each month, making saving an afterthought. With time, the effects of compounding growth can be truly amazing.

Next, consolidate your accounts wherever possible. Your investments should work together harmoniously. By reducing the number of accounts, you can achieve better alignment and simplify management.

While we can't control everything—especially in the markets—there is still plenty within our control, and that should be our main focus. We can control how much we save, how much we spend, where we invest, how much life insurance we have to protect our loved ones, and whether our estate plan is up to date. The list goes on.

By addressing these three fundamentals, you'll be well on your way to securing a stronger financial future.

What are some important things to consider when choosing a financial advisor?

Referrals from friends, family, and colleagues are an excellent starting point when searching for a financial advisor. If, during conversations about their advisor, they don't express strong support or satisfaction, that may indicate you should explore other options.

Once you've narrowed down your list of potential advisors, it's important to confirm their experience, credentials, and their legal obligation to act in their client's best interest (i.e., whether they are a fiduciary). You can usually find this information with some quick research.

When you finally meet with an advisor, consider not only their knowledge and transparency but also your personal compatibility. Do they understand your values and goals? Are you comfortable discussing your financial fears and concerns with them? Do they seem open, responsive, and supportive of your needs?

Ultimately, it's essential to determine whether you can build trust with this person. Establishing a trusting relationship can lead to greater financial peace of mind.

How do you like to spend time outside of the office?

I definitely enjoy my dad time with the kids. Whether we’re running around the house, playing sports, or going on adventures, I try to soak it all up before they reach the age where I’m no longer “cool” and the side hugs start.