You may be thinking of retirement or wanting to start setting some long-term financial goals. Maybe you’ve come into a sudden windfall of cash and you’re wondering what to do with. Planning for your financial future is one of the most significant things you can do for yourself, and your loved ones. Financial Planners are experts in helping people manage their money and in monitoring and reaching their financial goals. They can provide a range of Financial Planning services, from wealth creation & management, superannuation, wealth protection & insurance, to retirement planning.
A Financial Planner will focus on your financial situation, needs and goals. A professional, qualified and experienced Financial Planner will be able to help you implement the most appropriate strategy to achieve your desired outcomes. They will advise you of the benefits, alternatives, costs, and risks associated with your available options, and help you choose the one that is right for you.
We recommend following the guide below to help you choose a Financial Planner that is suitable for you.
What type of guidance are you looking for exactly? Before seeking financial advice it’s wise to make sure you have a fairly good idea of what you’re hoping to get out of it. This depends on your stage of life, how much money you have, and what you’re trying to achieve.
If you’re just trying to save money, figure out how much to contribute to your super or what to do with an inheritance, your enquiry may be resolved by one-off advice. This could include recommendations about budgeting, superannuation consolidation or insurance.
If you’ve reached a point in your life where you want to start being strategic about your financial future, you may be needing help developing a holistic financial plan. This may comprise advice on topics such as investment portfolios, tax planning, life insurance and in-depth retirement planning. The outcome is a comprehensive plan that will help you secure your finances well into the future.
As an individual’s circumstances and situation can change over time, Financial Planners will generally offer Ongoing Advice & Review Services. These services will include regular reviews and monitoring of the recommendations, which helps ensure that they remain appropriate, and continue to meet a person’s ongoing needs.
Before you commit to a Financial Planner, you want to ensure you’re engaging the best person for you and your circumstances. The best way to see what a Financial Planner offers is to read their Financial Services Guide (FSG). This provides an overview of their qualifications, the services they offer, how they charge and their Australian Financial Services (AFS) licence details. Anyone who gives personal financial advice must be authorised through an AFS licensee.
It’s always a good idea to have a list of questions for your Financial Planner handy to help you make your decision. Here’s a short list to help you get started:
There’s no one-size-fits-all in Financial Planning, so ensure you do your homework to find the right one.
What specific Financial Planning services do you want to learn more about or put into action? To help you decide, here’s a brief overview of some of the services Financial Planners can offer.
Doing your homework on the services you’re interested in will set you up for success in your first session. It’ll also help you get the most out of your initial meeting.
Planning for your financial future is all about making your money work for you by choosing the right financial strategies. Financial Planners have the knowledge and experience you need to help you take control of your financial future.
Here at the Hrkac Group, we are a team of experienced, capable and respected Financial Planners who are passionate about educating you on the strategies and options available to get the best possible outcome for you.
Take control of your future today by meeting with the Geelong-based Financial Planning team at The Hrkac Group. Call us today on 03 5221 2355.