Whether you are just starting to save money for the future, looking to diversify your portfolio, or are thinking about retirement, a financial adviser can help you. These advisers are qualified professionals who can provide expert advice on all aspects of finances.
How long should you stay with a financial advisor?
They can also make recommendations on a wide range of financial products. They can help you determine your risk tolerance, and determine which investments are the best for you.
They can also help you make decisions about insurance products. Investing can be stressful, and a financial advisor can take that stress away. They can help you determine your goals, and help you find the best investment opportunities to meet them.
They can also help you plan your tax. Tax planning includes using tax allowances, choosing growth assets over income, and setting up a Family Trust. If you have a complicated tax arrangement, your financial adviser can help you navigate through it.
You can also get personalised advice. This is when an adviser offers you a service that is designed specifically for you. They take your situation into account, and create a plan that is tailored to meet your goals.
These advisers are usually members of a professional organisation, such as Financial Advice New Zealand. The association requires members to meet certain standards of education and experience. They must also comply with the Financial Advisers Act 2008. Financial advisers may also need to be registered with the Financial Services Providers register.
