When it comes to choosing a financial adviser to help you to organise and manage your money matters, there are plenty of things to think about.
As with most things, a little bit of research at the outset can pay off down the track, so it's important that you weigh up your options and give the decision careful consideration.
Start with the basics
You'll want to make sure that your financial adviser has the right qualifications and is willing to disclose some important information with you.
This can include product disclosure statements for any investment products your adviser recommends, as well as their background and training.
Ideally, you'll have the recommendation of a trusted friend or family member too. Failing this, it can be a good idea to check out testimonials from other clients before you commit to an adviser.
In many cases, financial advisers offer an initial consultation free of charge. This is an excellent opportunity for you and your adviser to decide whether you are a good fit before you proceed with making a long-term plan.
Advice for the right life stages
Depending on your age and circumstances, you may have different financial goals – and it's crucial to find an adviser who is willing and able to listen to what you want.
Whether you are just starting out, entering into a marriage, having a baby, separating from a long-term partner, nearing retirement or even considering your options when it comes to aged care, a good adviser can help you develop a flexible plan in line with your life stage.
The best advisers not only set out a map to help you achieve your financial goals, but also check in with you regularly to ensure you're making the right progress.
Working toward your financial goals
Good financial advisers don't just set out a path for you to follow, they also help you through every step of the journey.
Whether your goal is to boost your retirement nest egg, save for a round-the-world trip or simply take control of your day to day finances, your adviser can help you stick to a plan that suits you.
Your financial adviser will discuss your values, plans, financial obligations and other considerations with you before putting together a strategy, ensuring that the end result complements your lifestyle.
ipac is one of Australia's largest financial advisory firms and has offices based across the country. A wholly-owned subsidiary of the AMP Group, ipac specialises in research and financial advice that helps clients lead happier, more fulfilling lives.