In the past year, the world has experienced heightened uncertainty and many people are more concerned than ever about their personal finances; particularly, their current financial situation, estate planning, and long-term financial plan.
When aspiring to grow wealth for the future, or to make the most out of current investments, a financial planner could be the next port of call. Financial planners have the potential to help individuals plan for their financial future, build wealth, and achieve financial goals.
Managing finances and choosing the optimum investment portfolio that will deliver the best results may be too time-consuming and individuals may choose to consult a certified financial planner for investment advice or financial advice.
A qualified financial advisor has the potential to develop a clear financial strategy as well as helping you achieve your goals. Here are 3 ways a financial planner could assist with the growth of your wealth.
1. Financial Life and Planning For The Future
To grow your wealth for the future you may want to create an effective plan. A financial professional has the potential to assist you with your financial products and may develop a pathway to achieve your goals.
Financial planning offers much more than only saving for retirement and estate planning; it can include many financial milestones in between, such as, funding for buying property, bills and budget management, and other investments. Financial planners may suggest practical wealth-building pathways tailored to your financial situation, which can help build a comfortable nest egg for retirement.
Financial planners have the ability to suggest what to invest in, how much to save and even optimum types of insurance that will best suit your situation and needs.
2. Asset Allocation and Investing
This is a step you may choose to take whether you already have investments or are looking to explore various investing options. If you already have investments, a financial professional can audit your portfolio and suggest how to optimise your portfolio to better meet your investment goals and assist with diversifying your portfolio.
You may like to explore a range of investment options, including, shares, term deposits, fixed interest investments and superannuation. A financial planner could assess your risk tolerance to determine which investments are best for your financial situation.
If investing is something that you are interested in, you might like to consult a financial professional to assist you with the execution of your investment strategy. Industry knowledge and experience has the potential to avoid expensive errors when it comes to investing.
3. Financial Insights
Leading a busy lifestyle means that many people just don’t have the time to consistently manage their finances. In cases like these, individuals may like to find a passionate financial planner who can help people learn about their finances.
Financial planners may share valuable financial insights including managing money and explaining financial concepts behind investing. This can help you understand exactly how your investment portfolio works.
Three ways that a financial planner could assist with growing your wealth are: assessing your finances and planning for the future, asset allocation and diversified investing, and providing financial insights.
If your goal is growing your wealth your next step in the process may be to consult one of our experienced financial planners. For more information, you may choose to submit an enquiry through our website.
This information has been provided as general advice. We have not considered your financial circumstances, needs or objectives. You should consider the appropriateness of the advice. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.