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On October 11, 2016

10 Reasons Why You Need a Financial Adviser

You may be earning a good salary, be able to pay your bills, have a mortgage, have insurance and think you are handling your finances well.

You are probably thinking… why do I need to spend time and money on financial planning?

A financial adviser can improve your financial situation.  Here are our 10 reasons why you need a financial adviser:

  1. Help you save money for you and your family – having a financial adviser or coach is similar to having a roadmap – it lets you know where you are today, where you would like to get to and the steps required to get there. A financial adviser will be able to help you reduce your mortgage, get your savings plan in order and then monitor and provide advice to help you achieve your goals and the lifestyle that you want.
  2. Better preparation and flexibility for life changes – a financial adviser provides peace of mind by providing guidance to accommodate changing goals, changing personal circumstances, which may change your financial opportunities. They will discuss your circumstances with you regularly to ensure that you plan appropriately.
  1. Increased protection against unexpected circumstances – an adviser will discuss with you the importance of insurance and protecting your assets for you and your family. This could include life insurance, trauma insurance, income protection and business insurance etc. They will specifically discuss your needs and put a plan into action. 
  1. Help you reach your education savings goals – if you have a young family, you are most likely considering education costs whether it is for primary or secondary schooling or even university. Your financial adviser can provide guidance on how to reach your education savings goals sooner.
  1. Get you retirement ready – a good financial adviser will also work with you on your long-term goals such as retirement. They will educate and coach you on getting your finances in order so your retirement is a worthwhile one where your lifestyle is not impacted by financial stress.
  1. Help you minimise your tax obligations – a good financial adviser will be up-to-date with current taxation laws and regulations to ensure that your finances are structured in the most tax effective way. 
  1. Help you structure your business effectively – if you own your own business, your financial adviser can help you develop a strategy to manage your business finances, including cash management, financing, business insurances and employee benefits. 
  1. Education on how to make better decisions – financial advisers work to educate their clients particularly through the maze of investments. They will help you manage your finances and will be able to look at your portfolio objectively.  They can provide guidance, support and education to help you sort through the financial maze of making financial decisions. 
  1. Help you with aged care options – you may have aging parents or you may want to plan for your more mature years. Aged care is a very specialised field and with constant changes to aged care, it is worthwhile to work with a financial adviser who can provide advice, support and assistance in this area.
  1. Help you with estate planning – you have worked a lifetime and you want to ensure that your hard-earned dollars and your estate and interests are transferred to your loved ones. A financial adviser will provide guidance on how to protect your estate in the event of your death. They will be able to discuss with you all the technical aspects of jointly held assets, trust assets and superannuation, which are not necessarily dealt with by the terms of a Will.

Overall, a good financial adviser will work with you to help you achieve your financial goals.

Talk to us today about how we can help you….


This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, you should consider whether the information is appropriate in light of your particular objectives, financial situation and needs.

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