“Most people need a planner. The ones who don’t need one are usually smart enough to use one,” wrote Loren Dunton in “Financial Planning Can Make You Rich” (1987).
You don’t have to be rich to see a financial planner. You just need to have financial goals. Some people need a lot of advice and others need little; financial planners assess your needs and assist you in achieving your dreams.
Professional financial advice can make a difference towards achieving your financial targets. A financial adviser collects information from you through a ‘fact finder’ designed to get to know your circumstances and takes into consideration how you deal with risk and how to achieve your short, medium and long term goals.
They will keep in mind your personal circumstances while planning a financial strategy for your circumstances.
The advantages of using an adviser:
- able to access a wider range of investments
- expertise and knowledge to find suitable options
- can assist with insurance required for your particular needs
- are experts in complicated investment strategies where they may be required
- knowledge and experience in the stock market
- access to a variety of markets and online tools
- may give you advice for a particular circumstance or as ongoing advice
When do people go and see a financial adviser? There are certain triggers in life that often see people looking for a financial adviser; this is usually when their circumstances change for example:
- Having children
- Education expenses
- Receiving an inheritance
- Money winnings
- Facing redundancy
- Buying a house
- Investments are eroding
- Planning retirement income
Financial goal setting can start at any age and income; you just need a plan. A financial planner can assist in an holistic approach of your financial needs including investing, insurance, taxes and estate planning. May you need assistance in saving, retirement planning, superannuation, insurance or mortgage broking we can assist you with your financial health; DFG Wealth (03) 5976 8426.