With increasing human needs, the role of money in life is also increasing. Along with this, the use of finance in helping with life planning also grew larger. For some people, financial planning is something that can complicate him, because of his ignorance about this field.
Currently there are many financial advisors from Australia, and the famous financial advice australia is a Plenty, Plenty is a company engaged in financial advisory. This is where the role of plenty, plenty can give you a financial plan, therefore plenty is very suitable to become your financial consultant. Financial consultants are, the task of an expert in the field of economics in managing cash inflows and outflows, in order to achieve certain goals.
Not only that, like a doctor who examines his patient, a financial consultant must also be able to help detect the financial health of his clients, including providing solutions regarding the financial problems they experience. Therefore, the function of this work is to help the client achieve the expected target, whether in the form of advice on purchasing investment assets, providing an overview of the macro situation to the client, preparing for an old age free from debt, living in prosperity, and teaching good financial management.
Indeed, to master the financial problems self-taught, it takes a lot of time because we have to do research. However, as long as they have free time, it is better to do it all by themselves. Especially those relating to personal financial management problems. However, it is different for people who have entered the established category in terms of age and assets. With less free time, usually they need the help of others to plan their finances. In conditions like this, the role of financial consultants will certainly be very useful. better pay attention to the following:
1. Get to know your own needs
Before using the services of a financial planner, first identify your financial needs and see the purpose of their use. Because each consultant has its own specifications, so it is very important to choose people who have the right background.
2. Talk first
It’s good to first talk about using this financial consultant to your own family. Because basically, the closest people who better understand your needs and those closest to others.
3. Pay attention to the certificate
In carrying out their duties, usually a financial consultant already has a certificate from a financial institution. For this reason, choose a consultant who gets a certificate from a trusted institution.
4. Do an interview
Before cooperating with a financial consultant, don’t hesitate to interview him. From the results of this interview, he will provide answers that might give an idea of whether he is right or not being used as your financial planner.
5. Ask for payment methods
Because using someone’s services, it is certainly mandatory for us to pay them. Find out whether the payment is through a commission system, flat fee based on working hours, or through the percentage of profit sharing through invested assets.
However, still, even though we have used financial consultants, we should also know the most basic needs of ourselves. Don’t let them dictate to us because of that problem. Financial consultants, like accountants or lawyers, must be accredited by professional institutions, such as the Hong Kong Financial Planner Institute and the Singapore Financial Planning Association, for example. These institutions establish professional ethical standards and provide information to consumers. They can help find the most appropriate financial planner.
In some countries, where financial planning for large markets has only just begun to develop, a number of consultants have not set fees for their services, but have earned commissions from the products and services they buy. Even if they set service fees, the amount depends on the complexity of the situation and financial goals. Check through professional institutions, what is the reasonable rate of financial consultant in the city or country.
Finally, take the time to interview several financial consultants. Find people who are comfortable discussing with them. Choose people you can trust. After all, sharing it with information is very personal and confidential and to some extent, for the sake of current and future financial improvement.