Everyone has different goals in life. But whatever your goals, getting advice from a qualified financial adviser will help you articulate your plan and can help you achieve your goals – soon.
It’s not just about planning for the future either. A financial adviser can help adjust your current situation as well as preparing you and your family for the years ahead.
A financial adviser can help you with strategies to:
- Pay off your home loan quicker (most of us have a mortgage)
- Cash flow management
- Taking control of your super with a Self Managed Superannuation Fund (SMSF)
- Build an investment portfolio
- Protect yourself and your family with personal insurance advice
- Give your kids a head start and help them secure their future
Like any journey, planning is essential – don’t leave it too late.
A financial adviser can help you identify your short and long term goals and articulate a plan to get you to retirement – sooner. As an adviser, we want to share that journey with you, you will not be alone.
Should I Trust a financial adviser?
This is an extremely important consideration. When you approach a financial adviser you are generally looking for a “trusted” adviser to adviser you on your journey to financial freedom. Unfortunately, there have been many cases where the financial adviser has not acted in their own interests rather acted in their own interests, leading to financial loss. This has finally led to reform of the industry to remove conflicts of interest and law implemented for financial advisers to act in the best interests of the client.
These changes as well as education requirements will improve the quality of advice to consumers.
Before appointing a financial advisor, like any financial decision, its important to undertake your own due diligence to ensure the financial advisor has the qualifications and expertise to assist you. This can be found on the Financial Advisers Register.
Its obvious that there are clear benefits in appointing a financial adviser – particularly when you do not have the time and expertise to make important financial decisions and need someone to partner with you on the journey to financial freedom. At the same time, there are many financial advisors and its important to choose the right one, with the right values to articulate the path to financial freedom.
Disclaimer – The content has been prepared by Redwood Wealth Pty Ltd & Redwood Advisory Pty Ltd without taking account of the objectives, financial situation or needs of a particular individual and does not constitute financial product advice. This article should not be considered personal financial advice as it is intended to provide factual information only.
Ivan Filipovic is an authorised representative of First Mutual (AFSL 423710). Redwood Wealth is a Corporate Authorised Representative of First Mutual (1244359)
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