How to choose the right financial adviser?
Choosing the right financial planner can be daunting. Trusting someone with your financial life is daunting and not something that should be taken lightly. Some advisers specialise in a particular area of advice such as setting up SMSFs.
Some prefer to take control of your funds and do share buying and selling for you as part of a “managed discretionary” agreement. Some will have their own in house managed fund available for clients to invest in. There are many differences to look for.
Before engaging an adviser, ask yourself the following questions:
- What adviser/company attributes will help me trust the advice I am given?
- Do I need advice in a particular area or more general over-arching advice?
- Do I want to relinquish control of my investments to an adviser or would I prefer to do this myself?
- How often will I need to go back to the adviser and receive further advice?