Many people have the same question popping up in their mind each time saying, ‘do I really need a financial adviser?” The common truth is, yes we all do!
A financial advisor helps you monitor your current financial situation, presents the most profitable investment opportunities that best fit your budget and reassess the investment performance as you may not always have the time to do it.
If you’re looking to invest, buy a financial product or plan for the longer term, whether or not you need financial advice will depend on a number of factors such as what product you are looking for, how complicated your finances and personal circumstances are and your short and long-term goals.
Professional financial advisers carry out a ‘fact find’ where they ask you detailed questions about your circumstances, your goals and how and how much risk you are able and prepared to take with your investment. Then may they recommend financial products that are suitable and affordable for you.
What are the benefits of getting advice?
If you buy an investment product based on financial advice and a recommendation, you should get a product that meets your needs and is suitable for your particular circumstances.
Depending on the type of adviser you use, you might also have access to a wider range of choices than you’d be able to assess realistically on your own. You also have more protection if things go wrong if you buy based on advice.
Regular monitoring of your investment portfolio is necessary to ensure alignment of your investments with your financial goals. Our expert advisors have an in-depth understanding of the process of building wealth.
Do you have a financial advisor? Get in touch with a financial adviser today for FREE.
