Looking for a financial adviser? This is what you need to know.

A financial adviser can help you save, grow, and manage your wealth effectively – all with the aim of sustaining and improving your lifestyle. But how do you find a financial adviser to suit your needs?

This is what you need to know about choosing someone to provide you with crucial financial services:

1. Qualifications count:

It goes without saying that your financial adviser should be suitably qualified for the job. You might know many money-savvy individuals but this does not mean that they understand how to best manage your finances in line with your particular needs and the ways of the market. CFP is the benchmark for professionalism in financial planning while a reputable advisor could be any of a CFP, RFP or have a bachelors in finance. Proper qualifications will ensure your financial health is well-protected.

2. So does experience:

Beyond being properly qualified, it is a good idea to work with an established adviser with some years of industry experience. A proven track record will also give you an idea of how they operate and the kinds of clients they deal with. Spend time researching the adviser’s background and current brokerage – is it well- established? Reputable? Are there any current clients you can speak to about their experiences?

3. And don’t forget expertise:

It’s also important to match the adviser’s area of expertise with your needs – are you a business owner who needs both personal financial and business financial advice? Do you have a young family with education needs? Do you need a retirement plan? Even better if the adviser works as a part of a team of experts who can simultaneously offer valuable input into different areas of your portfolio. Discover what services are on offer and whether they match what you need today and into the future. Look for an adviser who can accompany you on your financial journey.

4. Independent or tied can make a big difference:

Tied agents sell products from the financial house to which they are affiliated. This gives them access to strong support systems but it also limits the advice they can give as they cannot step outside their product suite. Independent advisers might not have the backing of a large financial institution but they are free to select from a wider range of products, across the market. This means they can tailor-make your portfolio to suit your needs, without ‘brand’ restrictions. This in turn means they are more likely to put your needs as an individual first, rather than trying to slot you into a pre-determined group.

Choosing an adviser to help you manage your wealth is a serious undertaking. It’s important to ensure your selected adviser (or their firm) has the credentials, experience, and expertise to manage your wealth to your best advantage.

Want to work with professionals who understand your financial position and goals? We’ll help you enjoy financial security and growth, whatever your stage of life.