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Having a financial plan in action is one of the most important things you can do in life. It gives your finances direction and gets you closer to your goals. What is equally important is reviewing and revising your plan regularly.
The benefits of ongoing financial advice are:
Ongoing Access To Your Adviser
A key benefit of ongoing advice is that you have ongoing access to your financial adviser. You can call, email, and see your adviser as required. They are available to answer any ad hoc questions as they arise throughout the year. Having the right advice and making the best decisions is key to maximising your potential. Being able to contact your adviser, someone who already has a sound understanding of your financial position and who is a specialist in finance, is of endless value to you and your family.
It Keeps You Accountable
Ongoing advice can keep you on track. Meeting up with your financial planner at pre-determined intervals can help ensure that you stick to the plan.
Your Plan Can Be Adapted To Your Changing Circumstances
Life is dynamic, things change. Marriage, children, divorce, unemployment, promotions, inheritance are all elements of your life that can affect your financial plan. Ongoing contact and advice from your financial planner can help you adjust and adapt your financial plan to your changing circumstances. It keeps your financial plan relevant and effective.
Your Plan Can Be Adapted To Changing Economic Circumstances
Economic and market conditions fluctuate; government regulations change depending on who is in power. When things change (for better or worse) it is important to have your financial position reviewed with the changes in mind to take advantage of any opportunities and minimise and protect you from new risks.
Assist In Avoiding Pitfalls
Our advisers are at the top of their game. Not only do they help you make smart financial decisions, but they also help you avoid the pitfalls and traps that people can fall into. Having your financial plan reviewed regularly means that such situations can be avoided, saving you time and money and increasing your likelihood of reaching your goals.
The level of ongoing service you require depends on how complex your financial situation is; taking into consideration your life stage, where you are in your working career, your existing financial structure and if you have SMSF or trusts. Talk to our advisers bout the level of ongoing advice they recommend for your financial situation. They can also help refer you to legal, mortgage brokers and tax specialist where required.
The Ideal Adviser – Client Relationship
Helping Australians to improve their lives and achieve their goal is our passion. Like most relationships, a successful financial planning relationship is built on mutual appreciation, trust and open and honest communication.
Our advisers foster an environment where our clients:
- Feel free to be open and honest, sharing all required the information so that we can understand your goals and can formulate your tailored plan specific to you.
- Are open to receiving advice and then implementing the advice
- Trust and have confidence in our advice
- Are committed to achieving their goals
- Understand the benefits of paying for good advice
- Are willing to hear feedback and take it on board
- Want to engage in an ongoing relationship
If you would like to meet with one of friendly adviser, contact us to arrange a meeting or call 02 4038 1623.
The information within, including tax, does not consider your personal circumstances and is general advice only. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. You should read the relevant Product Disclosure Statements and seek personal advice from a qualified financial adviser.
The views expressed in this publication are solely those of the author; they are not reflective or indicative of licensee’s position and are not to be attributed to the licensee. They cannot be reproduced in any form without the express written consent of the author.
Elliot Watson Financial Planning Pty Ltd and its advisers are Authorised Representatives of RI Advice Group Pty Ltd, ABN 23 001 774 125 AFSL 238429.