When should you use a Financial Adviser?

04 Jun, 2020

Have you ever wondered whether you should use the services of a financial adviser or wondered when you should use the services of a financial adviser?

Most people only seek out an adviser for help when they have a ‘need’ – when they have a need to:

  • invest money that they have accumulated or inherited,
  • put in place insurance,
  • consolidate their super funds or
  • start planning for retirement.

What people do not do is start working with a financial adviser just because they are earning money.

Out of a population of 24 million Australians, only 2 million (8% of the population) people use the services or have used the services of a financial adviser. These 2 million people own between them more than $703 billion of investment assets, these investment assets make up 27% of the total wealth in Australia.

It’s pretty scary when you look at these figures. There are so many people in the workforce that either doesn’t think they need to work with a financial adviser because they don’t have a need or don’t know what a financial adviser does.

Many people have no idea about how to make their money work for them. They don’t know what their options are, and they don’t know the questions to ask to succeed with their money.

Most people earn money and they spend the money they earn. They never take control of their money and they certainly never plan to live their best life. They just hope one day everything will fall in to place.

But guess what? That is not how it turns out!

You can change that outcome and take control of your financial future by working with an adviser to help you uncover your financial goals and aspirations, an adviser that will mentor and coach you from where you are now and who will work with you until your financial goals and aspirations are met.

One of the greatest values of mentors is the ability to see ahead what others cannot see and to help them navigate a course to their destination

John C. Maxwell