You may have heard of financial advisers but perhaps you’re not too sure what they do or how they could help you. Financial advisers provide advice on a range of topics including investments, Kiwi Saver, retirement planning, risk management, and personal insurance like life, health, trauma, and income protection. Let’s take a closer look at what financial advisers do and how they could potentially help you achieve your financial goals.
What does a financial adviser do?
Financial advisers typically work with clients to help them plan and achieve their long-term financial goals. This might involve providing advice on investment strategies, saving for retirement, managing debt, or protecting assets through insurance. Financial advisers will get to know you and your unique circumstances to develop a plan that is tailored specifically for you.
How can a financial adviser help you?
Working with a financial adviser can be beneficial as they can provide expert guidance and support when it comes to managing your finances. A good adviser will take the time to understand your individual needs and objectives before making any recommendations. They can also offer ongoing support to ensure that you stay on track to achieving your goals.
If you’re thinking about working with a financial adviser, it’s important to choose someone that you feel comfortable with and who has the relevant experience and qualifications. You should also make sure that they are accredited by the Financial Markets Authority (FMA). This will offer you legally bound protection that your financial adviser is working in your best interests.
What benefits of working with financial adviser?
Working with a financial adviser can help you in many ways, so let’s look at the top 5 benefits.
#1- peace of mind: knowing that someone is looking out for your best interests can be extremely valuable, especially when it comes to something as important as your finances. A good financial adviser will help you sleep better at night by taking care of the details and making sure your finances are on track.
#2- save time: most people don’t have the time or knowledge to stay on top of all the latest changes in the world of finance. But financial adviser does as they have to stay up to date as part of their FMA accreditation. They can save you the time and effort of having to stay up-to-date on all the latest news and developments as well as bring you their analysis of the economic situation on the market.
#3- save money: this may seem counterintuitive, but working with a financial adviser can save you money in the long run. That’s because they can help you make smart decisions about how to spend and invest your money.
#4- achieve your goals: whether you’re looking to retire early or simply want to be able to support yourself and your family comfortably, a financial adviser can help you create a plan to achieve those goals. They’ll take into account your unique circumstances and develop a tailored strategy that’s right for you.
#5- get unbiased advice: when it comes to something as important as your finances, it’s crucial to get unbiased advice that you can trust. After all, there’s a lot of misinformation out there! A financial adviser is legally obligated to act in your best interests and will give you honest advice that’s not influenced by outside factors.
There are many benefits to working with a financial adviser. If you’re looking for someone to help you make smart decisions about your money, contact me today! I will be happy to answer any questions you may have and schedule a free consultation.