Fi­nan­cial plan­ner is your best as­set

The Weekly Advertiser Horsham - - New -

Fi­nan­cial plan­ning is about es­tab­lish­ing a long-term strat­egy to se­cure your fi­nan­cial fu­ture with the life­style and liv­ing stan­dards you de­sire.

‘Value’ of­ten goes be­yond dol­lars and cents. It can be the peace of mind and se­cu­rity that comes with be­ing bet­ter pre­pared for the fu­ture.

Once you’ve be­gun a re­la­tion­ship with a li­censed ad­viser you will quickly see that he or she adds value to your cir­cum­stances by helping you in a num­ber of ways.

How can a plan­ner help?

• Set­ting goals. This process helps you de­cide where you want to go in life.

A skilled fi­nan­cial plan­ner can as­sist you to iden­tify your fi­nan­cial goals, pri­ori­tise them and un­der­stand the steps re­quired to turn your vi­sion into re­al­ity. By know­ing your goals and time­frames, it’s eas­ier to see where to concentrat­e your ef­forts. You’ll also quickly spot the dis­trac­tions that would oth­er­wise blow you off course. • Get­ting a fi­nan­cial plan started. De­vel­op­ing a writ­ten plan with a clear em­pha­sis is crit­i­cal to achiev­ing your fi­nan­cial ob­jec­tives.

Your plan­ner can pro­vide bud­get­ing and debt man­age­ment ad­vice to help you start cre­at­ing wealth. Pro­tect­ing your fu­ture dreams with ap­pro­pri­ate in­sur­ance is an­other key as­pect your plan­ner will man­age. • Main­tain­ing a di­ver­si­fied port­fo­lio. Ev­ery fi­nan­cial plan­ner is re­quired by law to take a client’s risk tol­er­ance into ac­count as part of their per­son­alised fi­nan­cial plan.

Di­ver­si­fi­ca­tion is an­other im­por­tant tool for man­ag­ing risk. This means that the ad­vice given and any in­vest­ments rec­om­mended as part of that process are suited to your spe­cific needs and risk level.

And these will change to meet your cir­cum­stances as they vary through­out life. • Be­ing there over the long term. Go­ing your own way is rarely the best op­tion.

Most peo­ple don’t have the back­ground knowl­edge to feel con­fi­dent about mak­ing in­vest­ment de­ci­sions that will have a large bear­ing on their fi­nan­cial fu­ture. Keep­ing up with all of the leg­isla­tive changes and new in­vest­ment of­fers is also an oner­ous task.

Your plan­ner will be there to steer you on your path to fi­nan­cial in­de­pen­dence and en­sure your plan re­mains rel­e­vant and on track.

While in­vest­ment mag­a­zines and on­line sub­scrip­tion ser­vices can pro­vide very use­ful in­for­ma­tion, they are of­ten writ­ten by jour­nal­ists with a gen­eral ground­ing in fi­nan­cial con­cepts but who are not look­ing at the com­plete pic­ture.

A fi­nan­cial plan­ner is trained to take into ac­count all leg­isla­tive and strate­gic im­pli­ca­tions to en­sure you re­ceive the best ad­vice pos­si­ble... and this train­ing is on­go­ing.

Your fi­nan­cial plan is not a one-off, set-and­for­get ar­range­ment. Just as life has its many twists and turns, your plan must be flex­i­ble and ap­pro­pri­ate to your needs at any point in life.

Work­ing to­gether with a qual­i­fied, ex­pe­ri­enced and li­censed fi­nan­cial plan­ner will help you de­velop a plan that is tai­lored to you and your life goals.

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