Financial
Of course, we know that a financial adviser offers professional advice about finance, but what does that actually involve? In this short article, we offer an insight into the various services on offer from a leading financial adviser.
- Wealth management – There are top-rated wealth management platforms in Australia that financial advisers use for their clients and assist them in identifying investment goals. Using numerous investment strategies, the finance professional can manage your portfolio and assist you in diversifying your assets for protection. The expert can ensure that you pay minimum tax while keeping your investments secure.
- Retirement planning – When is the best time to start planning for your retirement? Ask a financial adviser and they will tell you the sooner, the better. A plan is created that is designed around your lifestyle with the goal of generating sufficient wealth in order to enjoy a secure retirement.
- Debt management – Those with multiple credit card debt who cannot make the monthly payments might seek out the services of a financial adviser. He or she might recommend taking out a debt consolidation loan to pay off all existing debts, which leaves you with a single, affordable monthly payment. It is very stressful to constantly receive final demand letters and phone calls and rather than ignoring it in the hope it will just go away, taking the right action is the best way to become debt-free. The adviser would recommend talking to your creditors and that could lead to an arrangement whereby interest is frozen and you can actually make progress.
- Tax planning – We all have to pay tax and, of course, the least you pay, the better and a financial adviser can help minimise taxation, while minimising capital gains tax. Setting up a trust may be beneficial and by planning in advance, you can make the right choices when it comes to asset acquisition.
- Estate planning & management – If you are approaching retirement age, this is a good time to write a Last Will & Testament, which ensures that your estate reaches your loved ones. It is a mistake to think that, should you die, your estate will automatically go to the people you want it to. Here in Australia, when a person passes on without a will, their estate is subject to centuries-old laws that might not be in your best interests.
- Investment portfolio management – Many private investors enlist the services of a reputable financial adviser to manage their investments; using state of the art cloud-based portfolio management platform, the finance professional can effectively manage all of their clients’ investment portfolio. One important aspect of the adviser’s role is to closely monitor investments and possibly make some changes if the economic environment warrants this.
Whether you are looking for investment advice or estate planning, talk to a leading Australian financial adviser and let the professional help you to achieve your financial goals.
