Getting the best from a financial advisor

    Working with a professional to help you to make sense of your finances can be a wise move, but for this relationship to work effectively it is important that you understand what to expect from your financial advisor.

    What can your financial advisor help you with?

    • Defining your financial goals and creating a step by step plan or strategy to achieve them.
    • Planning for the future, including for retirement, future education or housing needs.
    • Choosing the mix of investments and assets that suit your goals, lifestyle, time horizon and appetite for risk.
    • Building a solid estate for your family to inherit in the future.
    • Choosing the most tax-efficient methods of saving and investing.

    What should your financial advisor inform you of?

    • The range of services that they offer and how much and by which method you will compensate them.
    • Your mutual responsibilities and obligations towards each other.
    • What the planning process will look like and the documents that they will provide you with.

    What will your financial advisor need from you or need to ask you about?

    • What your financial goals are.
    • What your personal circumstances – such as your marital status, any dependents, your job, earnings and tax situation.
    • Any investments or assets that you currently have – such as registered accounts, workplace pensions, property etc.
    • Your appetite for risk and investment preferences.
    • Information on your income and also your outgoings, including debts such as mortgages, loans or credit cards.
    • Whether or not you have a will, and its contents.
    • Your estate and inheritance planning situation.

    If you’re looking to achieve your financial goals, talk to us. We can help.