The right financial adviser should provide you with the tools to protect and maximise your hard-earned money to help secure you and your family’s financial future. This entails taking into consideration your personal financial needs and goals.
However, seeking the right financial adviser who can help you achieve your dream financial future is no easy task. There are so many financial advisers in Australia; how do you know who the right one for you is?
Did you know?
Almost half of Australian adults have unmet financial advice needs!1
A financial planner should best provide you with the appropriate strategies to help you feel confident about managing your money and help set you on a path to achieving your financial goals.
When it comes to managing your money, it can be difficult to do so alone — a skilled expert can help you with your financial situation and secure your finances.
To find the best financial adviser for you, remember to:
1. Determine What You Need From a Financial Adviser
The first question to ask yourself is: Why are you looking for a financial adviser in the first place?
Of course, it goes without saying that you need the expertise of a financial adviser to achieve financial stability and freedom, but it’s important to consider the specifics of what you need.
Depending on your age, what stage of life you are in, what you wish to achieve, and the amount of money you have, what you need from a financial adviser will differ from other people. For example, those reaching retirement age may seek aged care advice, while people who’ve secured their first job may be looking into life insurance financial planning.
When looking for a financial adviser, it’s important to reach out to an experienced professional in the area of advice you are seeking. This way, you can feel assured they will be able to guide you and provide you with the best advice to support you in achieving your financial goals.
At Hyland Financial Planning, we specialise in:
- Retirement Planning and Superannuation Advice
- Building Your Wealth and Investment Advice
- Protecting Your Wealth and Life Insurance Advice
- Estate Planning and Aged Care Financial Planning
- Cash Management, Budgeting and Debt Management
2. Choose the Type of Financial Advice
Consulting a financial adviser won’t necessarily involve the professional telling you strictly what you must do. If you seek a financial adviser for general financial advice they may or may not account for your situation or goals.
Personal financial advice is ideal if you want to receive financial advice tailored to your financial situation and designed for your best interests. This type of financial advice may include:
- Single Issue Advice: this allows you access to financial advice specific to your current needs for a one-off situation. For example, if you are going through a divorce, you may seek financial advice for one-off financial guidance.
- Comprehensive Financial Advice: This type of financial advice is tailored to your circumstances, which aims to help you secure your financial future.
- Ongoing Advice: Change is inevitable; your circumstances will often change eventually, which means the financial advice you need should adapt, too. Ongoing advice ensures that you’ll be able to stay on top of money matters, ensuring you’re financially secured. At Hyland Financial Planning, we specialise in ongoing financial advice to help our clients
3. Find a Qualified, Certified Financial Adviser
Financial advisers come in all shapes and sizes and like many professions, some are more qualified than others.
You can check whether a financial adviser is registered with the Australian Securities and Investments Commission (ASIC) and has a current license to practice. ASIC regulates Australian financial planning companies to make sure they are operating fairly and honestly.
If you select an adviser that is registered with ASIC, you can feel confident in knowing your money is being carefully regulated and protected.
Check the certifications and qualifications of an advice business or professional on the Financial Adviser Register.
Choosing the Right Financial Adviser in Sydney
With the right financial adviser, you can learn how to manage your money, where to invest it, and reach your financial goals. As long as you work with the right financial adviser, you can live a stress-free, financially secure life!
Are you looking for the best financial adviser in Hornsby to help you manage your money?
Our financial advice team at Hyland Financial Planning may just be who you need! We will work closely with you to develop a plan to suit your needs and achieve your goals.
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