Why might you need a financial advisor?
You may be in a strong financial position, or need help with your finances or may be looking to retire.
You may not have the time or knowledge to do it on your own.
Investment decisions are difficult, often with too many variables to manage easily, without having ample time to study the markets and consider the returns.
That’s why having a professional working for you becomes so valuable.
At Cloud Financial Planning, we offer the personalised planning you need to get the most out of your money.
Hiring a financial advisor in Geelong to help you make the best decisions for your financial future is a necessity for many people.
Let’s answer some of the most common questions associated with hiring and working with a financial advisor in Geelong to help you.
How can a financial advisor help me?
Cloud financial planning can help you with:
- Investment Advice
- Financial Advice
- Retirement Planning
- Financial Planning
- Superannuation Advice
- Wealth protection
How do I find someone I can trust?
When you're looking for a financial advisor, make sure that your assets remain yours at all times. You should be able to check your investments online at any time.
Look for an advisor with an Australian Financial Services Licence (ASFL). Check that the name is valid. Shaun Liddicoat is registered on the ASIC Moneysmart Website:
Look for an advisor who has University Qualifications as a Financial Advisor.
Importantly, make sure you understand the way that your assets are invested. Your investment strategy should be easy for you to understand. If your advisor does a good job at explaining the strategy to you, this builds trust and transparency in their advice.
Read Google Reviews from other people. See their experience and how they talk about trust.
How much should I expect to pay a financial advisor?
Fees for financial advice vary based on what types of services you may want them to provide for you.
In some cases, you may benefit from working with an advisor for: retirement planning, investment planning, asset purchase planning such as buying an investment home.
Other times, you can get help towards a business goal or to just help with day-to-day investing. The cost should always be clearly explained to you when working with an advisor.
Financial advice may be more affordable than you realise.
How much does it cost to talk to a financial advisor?
The first step is to ask questions. Gather information online about the advisor, including who he or she may be and what their experience is. This helps you know who to engage.
A free initial consultation is a good way to ask questions about how they may be able to help you based on what your goals are. Speaking with a financial advisor is a fast and efficient way to find out the benefits of working with one for your needs.
An initial consultation is always beneficial and worth it. This initial meeting can often shed light on opportunities you may not know about that can help you build your wealth.
Is it worth the money to hire a financial advisor?
Yes, hiring a financial advisor is a cost-effective opportunity. If you are not investing in your financial future just yet, now is the time to do so.
Weigh up your return on investment from the advice. If you invest in a financial plan, what is the return or growth that you get.
An ideal financial plan for you is one that is effective, designed just for your needs, and fitting to the current climate. Working with a financial advisor can often motivate many people to save more and to invest in their future. If you do not hire a professional to help you, will you put the time and money into making your own investment decisions?
The expertise and insights that a financial advisor can provide to you is critical. It is their insight that allows you to build financial wealth and avoid financial mistakes. More so, the money you invest is often much less than the professionals can help you to save and earn.
What percentage do you pay a financial advisor?
This is dependent on the terms you agree to when you hire a financial advisor. Fees may range from 0.5% to significantly more. Fees often depend on the amount you invest.
It is important to talk to your advisor about management fees. This should be information provided to you that is upfront and clearly outlined in the contract you sign. If you are unsure, don’t sign your contract.
Making the decision to hire a financial advisor in Geelong is easy to do once you realize the numerous benefits they can offer you. Most often, they are more affordable than expected.