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What you can get from a financial adviser?
Research shows that just 20% of New Zealanders received professional advice in 2023, and those who do are more confident and have better financial wellbeing.
Why to use a financial adviser?
A good financial adviser is worth their weight in gold. They’ll listen to what you want and need then create a plan for you to follow – so that you know what you need to do to improve your financial situation. A financial adviser can bring to you:
- Expertise: Expertise is one of the most important reasons to consider using an independent financial adviser.
- Unbiased Advice: They help put you in a much better position for finding the best investments for your needs and goals.
- Insightful Advice: They can provide invaluable insight and advice based on their expertise in the field.
- Comprehensive solutions: They can help create comprehensive solutions for managing your finances in the short and long term.
- Long Term Planning: They help you create a strategy aimed at achieving your long-term financial goals.
- Cost Savings: They can help to ensure that any decisions made today are beneficial both now and in the future, such as maximising returns on investments whilst minimizing potential risks.
- Peace of Mind: They can provide invaluable peace of mind when it comes to taking care of your finances.
Where to look for a financial adviser?
You can search for a financial adviser the same way you would for any other service provider.
- By getting recommendations from friends or family.
- Jumping on Google and searching for financial advisers in your area.
- By searching the Financial Services Provider Register.
- By getting recommendations from other professionals you trust.
What a financial adviser does?
- They’ll figure out what your goals are.
- They will work to understand your financial position, looking at your income, assets, debt and current investment strategies.
- They’ll prepare a financial plan that includes recommendations for strategies, products and services that will help you reach your goals.
- They’ll help you implement the recommendations in the plan.
It’s a good idea to schedule regular reviews with your financial adviser as your goals, lifestyle and circumstances change to make sure your plan is still working. Once a year is usually often enough.
Your financial adviser should put your needs first, be professional and respectful. Everything you discuss with them should be completely confidential.
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