Why do people seek Financial Advice?
Sometimes you know where you want to go, but you need someone to help you find the best way there.
Most Australians seek advice after major life events or nearing retirement. Did you know that only 10.4% of Australian adults use a financial adviser.
That’s a lot of people cruising around potentially not making the best use of their financial situation.
Many people don’t seek advice for varying reasons – be it perceived cost, don’t think they need it, lack of trust, don’t know where to start and a perceived lack of wealth.
Here’s why people get this wrong… seeking advice particularly when facing complex life choices or high impact financial decisions can make a real difference to your bottom line.
A good trusted adviser can highlight areas you may not have thought of. We run the numbers in different potential scenarios and enable you to make an informed choice of how to proceed.
Good quality advice can avoid costly mistakes, improve tax outcomes, optimise your investments and increase retirement savings.
Financial decisions unfortunately DO become more complex over time.
Hello current government 👋 . A prime recent example – Australian’s invested in direct property and a belief in “bricks and mortar” these recent changes could have left you blindsided.
Practical takeaways you could implement today
- Identify your biggest financial question e.g. Am I on track for retirement? Should I invest outside of super? How much insurance do I need? Could I afford to reduce my work hours?
- List your top 3 Financial Goals e.g. Paying off your mortgage, Retiring Early, Funding Children’s Education
- Book an introductory meeting with an Adviser. Adviser Ratings and Google Reviews are a great place to start finding someone suitable
What surprises most people is how straight forward seeking advice is. You’ve just gotta start the ball rolling.
Expert tip 💡 Be timely in providing your adviser with documents.
Financial advice isn’t about having more money – it’s about making better decisions with the money you have.
Is there a financial decision you’ve been putting off because you’re unsure of the next step?
Have a question about today’s topic?
Leave a comment or send us message – we’d be happy to help.
General Advice Warning
The information on this website and the links have been prepared for general information purposes only and does not take into account your personal objectives, financial situation or needs. It is not intended to provide commercial, financial, investment, accounting, tax or legal advice. You should, before you make any decision regarding any information, strategies, or products mentioned in this email, consult a professional financial adviser to consider whether it is suitable and appropriate for you and your personal needs and circumstances.