Why Should You Use a Financial Adviser?

Why Should You use a Financial Adviser? What do you usually do if you are ill? You make an appointment with your G.P right? And if you have a toothache you head off to see the dentist. So doesn’t it make sense that if you are facing a money problem you should consult a financial adviser?

Why Should You Use Financial Adviser?

Maybe you want to start saving for retirement but you are not quite sure what would be the best way to go about it. Maybe you just got married and are wondering about the best way to ‘combine’ finances with your new spouse. Or maybe you just got divorced and need help adjusting to the change financially. Or perhaps you are wondering about the best way to save for your children’s future college costs or are simply uneasy about your money — you’re not sure where it’s going now or how far it will take you in the future. In all of these situations and more, a financial adviser can help.

Some people still think that only those with a substantiate amount of money actually have financial advisers. And maybe once upon a time that was the case but it no longer is. Financial advisers for ‘normal people’ are a ‘thing’ now and far from being a burdensome extra expense they can be key to you saving – and making – money in a number of different ways.

Why Sould You Use a Financial Adviser?

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What Can a Financial Adviser Really Do for Me?

What a good financial adviser cannot do is promise they will absolutely double your money for you. In fact, if you come across one who does say that then you should run as such rash promises are not a good sign of honesty or actual skill. They should, however do – or be able to offer – all of the following:

Perform a thorough assessment of your current financial situation by reviewing your tax returns, your income sources, and liquid assets, insurance policies, and any retirement planning that you might already have in place.
Help you identify your real financial needs and both short and long term financial goals
Develop a solid and realistic financial plan that meets your needs.
Explain all of the pros and cons of various options and financial instruments (stocks, bonds, mutual funds, retirement instruments, savings accounts etc.)
Ensure that they meet with you periodically to ensure that your plans are still on track or help you adjust them if they are not.

Now you may be wondering why you would go to a financial adviser for all of this, why not just to an accountant, or even your bank manager? An accountant is great at crunching numbers they are not financial experts and so cannot offer you the same kind of expert advice. And your bank manager works for the bank, not you. They have particular services they are supposed to ‘sell’ and so cannot really offer you the independent, objective advice that a financial adviser can.

Finally, you’ll get the benefit of education. A financial adviser advises, not manages. You’ll still be doing much of the ‘work’ yourself and still ‘calling the shots’, you’ll just have an expert on your side to help make sure that you do it all right. Contact us now and let one of our Professional Independent Financial Advisers give you best advice.