When should you hire a financial adviser?

As a working professional, you have learnt that managing your wealth properly takes time, energy, and skill. And, if you want to be truly successful financially, it’s properly best to get a professional helping hand – an independent financial adviser who can help you secure and grow your wealth over time.

If you haven’t yet, it’s important to think about when would be the right time to hire a financial adviser. We suggest you do so sooner rather than later so that they can help you navigate the ever-changing financial landscape of your life.

Key times to hire a financial adviser

1. Your life circumstances are about to change

Getting married? Having a baby? Starting your own business? Wanting to start serious investing? Major life changes bring with them major life decisions. While you might be an expert at what you do, this doesn’t mean you are an expert in every aspect of life planning. Life changes equal financial responsibilities and opportunities that a qualified and reputable adviser can help you handle well.

2. You’re worried about retirement

Many people suffer from financial anxiety (get some coping tips here) and, to their detriment, shy away from making big financial decisions or plans. Retirement planning, for example, might be daunting but it’s not something that should ever be left unattended. The sooner you start planning for your retirement (and the lifestyle you want from it), the better, and a good financial adviser will help you make this a key part of your financial plan.

3. You earn well

Think that because you earn well and have lots of disposable income, you don’t need to plan for the future? Think again. A good salary is a great advantage but it won’t last forever. Harnessing the power of compound interest is one of the keys of financial security and a good financial adviser will be able to advise you on how best to save and grow your income while you have one, to ensure a satisfying lifestyle for years to come. Not to mention putting in place valuable tax-saving strategies. Plus, you never know when you might no longer be able to work (and that might be sooner than you think) so it’s a good idea to investigate formal financial protection and succession plans, with the help of an experienced professional.

Need to hire an independent financial adviser to help you secure your financial plan? Talk to us.

We offer a range of financial services, from insurance to investment management, and tailor-make a financial plan to suit your needs.