Two Men Financial Advising

CHECKLIST: Choosing a Financial Adviser

Financial Advising Meeting

Choosing a financial adviser can be overwhelming, there is a lot of conflicting information and unfortunately, not everyone has a great experience or gets results.

Finding the right financial adviser is a very important part of your journey to financial freedom. Aspects such as security, integrity, expertise and experience are vital, they will make your journey more direct, help educate you along the way, facilitate your lifestyle plans for today and tomorrow and most importantly, help you to thrive financially.

Here are 7 things to look for when choosing a Financial Adviser:

  • Qualifications and Credentials – check that the company is licensed to provide financial advice and that the advisers are qualified and registered. To ensure they are currently registered, visit the ASIC Register – https://www.moneysmart.gov.au/investing/financial-advice/financial-advisers-register
  • Consider their pay structure – the first meeting should always be free of charge and obligation-free. They should be upfront and transparent with any fees and charges and also, advise what happens when they recommend another company.
  • Meet with them, do you like them? While your financial adviser does not need to become your best friend, it is important to engage someone who you feel has integrity, your best interests at heart and also, has values that are aligned with your needs.
  • Check their experience and their results. How long has the company been around? What experience does the company and adviser have in handling situations like yours? Do some research – look for testimonials and case studies.
  • Ask lots of questions and make sure you feel comfortable asking them and also, with their answers. How do you get to know a new client? How do you keep up to date with changes that might affect your clients and how do you communicate them? Trust and honest relationships are big factors, these are built from your very first conversation.
  • Company size – ideally, the organisation you choose should be small enough to be able to provide you with personal service but large enough to have a broad depth of services, expertise and resources to meet your needs in the long term.
  • Areas of expertise – while you may be seeking advice on one specific area, ideally the organisation you engage should have services and skills to cover all aspects of financial planning. Using one financial partner will save you time, money and headaches in the long run.
Looking for a Financial Adviser? Get in touch with Talem Wealth and thrive financially.

 

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Email: enquiries@talemwealth.com.au

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