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Finding the Right Financial Planner

Categories: Finance
24 September 2020

When it comes to making life changing decisions, most people take time to ensure they are well informed and advised. This same consideration should go into finding a great financial partner. It is essential to understand the services they offer and consider their track record and testimonials. Finding the right planner will save you time and money, whilst increasing your financial understanding in the long run. When looking for someone to manage your finances, invest wisely, or provide general assistance and advice, pay close attention to their policies.
The following five elements are a great starting point for defining the criteria you seek in a financial advisor.

1. Accountability
Helps clients to prioritise goals by ensuring that they follow through any financial commitments they have. Regularly reviews progress toward achieving goals, as well as providing advice on next steps.

2. Partnership
Clearly understands your background as well as your needs and objectives, enabling you to achieve the best financial life possible by working hand-in-hand with you. All costs and compensation are transparent. Your needs will always be put first.

3. Objectivity
Brings insight when it comes to making important financial decisions. Researches the issue at hand and gathers all relevant information. Disclose conflicts of interest and leave you to make a decision that is well informed.

4. Pro-activity
Anticipate life transitions and help to be financially prepared for them. Create and implement investment strategies that will address any future changes.

5. Education
Understands the unique situation of each client before deciding on and implementing an action plan. Provides resources required to facilitate informed decisions.

A good financial planner will always be there to help. At the end of the day, it is essential that you find a financial planner that will provide you with worthwhile benefit, and aide in achievement of your financial goals. Know their policies, and therefore your rights as they can vary drastically. Put time into your decision and research into reviews, testimonials, and other trustworthy parties. Learn as you go, ask questions, and find the right financial planner for you.

At Kensington’s, we understand the complexities of tax legislation, small to medium business accounting, taxation and auditing and are able to guide you through the financial and legal intricacies associated with these areas. Call us on (08) 9427 1700 to receive personalised solutions and explore your financial possibilities through an experience tailored to you.

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