Are you wondering what a financial planner does and if you could benefit from their services? You're not alone. Many Australians are looking for ways to manage their money better, and a qualified financial planner can be a valuable partner in achieving your financial goals.

A professional financial planner provides services of a higher standard than someone who is not a professional, backed by education, experience, and adherence to a strict code of ethics. They can help you navigate the complexities of the financial world and make informed decisions about your money.

What to Expect from a Professional Financial Planner

A professional financial planner is expected to have a comprehensive understanding of the legal, professional, ethical, and compliance obligations of providing financial advice. They operate under a framework that prioritises your needs. When you work with a financial planner, you can expect them to:

• Act in your best interests: A financial planner has a fiduciary duty to act solely in your interest. This is the highest level of care expected by the law.

• Be highly qualified and competent: They must have the necessary education and experience to provide the services you need.

• Adhere to a Code of Ethics: Many financial planners are members of professional organisations like the Financial Planning Association of Australia (FPA), which mandates a strict code of ethics.

• Provide clear and effective advice: They should explain financial concepts in a way that is easy to understand, helping you make informed decisions.

How a Financial Planner Can Help You

A financial planner can assist with various aspects of your financial life, including:

• Retirement planning: Helping you build a nest egg for a comfortable retirement.

• Investment advice: Guiding you on where and how to invest your money.

• Debt management: Creating strategies to help you get out of debt.

• Insurance: Ensuring you and your family are protected from unexpected events.

• Estate planning: Helping you plan for the transfer of your assets to the next generation.

By working with a financial planner, you gain a partner who is committed to helping you achieve your financial goals and secure your financial future.

General Advice Warning:

The information provided in these articles are of a general nature only and do not take into account your individual objectives, financial situation, or needs. You should consider whether the information is appropriate for you, having regard to your personal circumstances. Before making any financial decisions, we recommend consulting a licensed financial adviser to assess your specific needs and circumstances.