I Have a Financial Adviser. Is It Time for My Adult Children to Get One, Too?

When you’re young and broke, there’s not a lot of need for a financial adviser. But there comes a time when all that changes. Here are four tipping points where your children’s future wealth could get a boost from professional help.

A father and his adult son smile on a beach.
(Image credit: Getty Images)

Time and time again we hear from people in their 60s and 70s who wished they had developed a financial plan earlier in their lives. Although there is no time machine where they can go back and engage with their younger selves, these people can often do the next best thing: encourage their adult children to do so.

As young adults reach their 30s and 40s, life begins to get more complex. They are earning more money, buying homes and starting families. And their parents, remembering their own experiences, see that their children may benefit from speaking with a professional financial adviser about their future.

For Baby Boomers with adult children, here are four events where it may make sense to discuss whether a financial adviser can help adult children get their finances in order and build a plan to generate wealth for years to come.


This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

Patricia Sklar, CPA, CFP®, CFA®
Wealth Adviser, CI Brigthworth

Patricia Sklar is a wealth adviser at CI Brightworth, an Atlanta wealth management firm. She is a Certified Public Accountant, a CERTIFIED FINANCIAL PLANNER™ practitioner and holds the Chartered Financial Analyst® designation.  Sklar uses her CPA and investment background to help develop and implement financial planning strategies for high-net-worth and high-income earning individuals.