Wealth Connexion speaks on how to know if you need a Financial Planner in Brisbane.
Financial Planners are responsible for more than just managing stocks and shares and executing trades in the market. A good financial planner will act as a guide across all aspects of your finances, helping you create strategies to eliminate financial risk and build wealth in the long term. Financial Planners can give you a plan that will lay the groundwork for you to achieve your financial goals over time.
Simply put, if you are unsure what to do with your finances in terms of investing, saving, budgeting, debt management, insurance, or retirement, working with a Financial Planner in Brisbane might well be the best approach for you.
Key tasks of a Financial Planner
Unsure of the tasks and responsibilities of a Financial Planner, here are some of the tasks that we undertake for our clients:
Investigation and present investment strategies
After assessing your financial situation, we will offer suitable investment options accordingly, and then provide ongoing support on the management of those investments.
Insurance
Insurance is a crucial part of your financial strategy. In the event of something going wrong, insurance protects you so that your financial strategy can continue. The benefits of having a finical planner manage your insurance are that you will get financial advice on what insurance is best for you and be assured you’re not paying for cover you do not need.
Retirement planning
We will assist you in optimising your retirement income and help manage your finances once you retire.
Saving
It can be difficult managing your finances, we can help you with this by creating a plan which you can then follow to meet your savings goal.
We manage estate planning tasks
In the event of your passing, we make sure your wealth and assets are administered following your will or testament. If needed, we also provide referrals to legal professionals and advice on wills and power of attorney.
Debt management
If you are struggling to manage your debt, we can create a budget and strategy that will help you repay your debt faster. We will also be looking at your finances as a whole, assessing if there is a possibility of pulling money from other sources to help repay your debt.
How a Financial Planner can help you
Generally, if you have a complex financial situation you are going to benefit from having a financial planner. However, if your financial situation is not complex, financial planners can still benefit you. Financial Planners provide an objective perspective and the expertise needed to point you in the right direction when it comes to the investments you might be considering. They can also act as a guide in terms of informing you on what your financial priorities should be based on your goals and the type of insurance coverage and further protections you need.
How a Financial Planner can help with buying a home
Do you want to get your foot in the door of the booming property market but are unsure where to start? A Financial Planner in Brisbane, like Wealth Connexion, can assist you in the key stages of saving for a house. Financial Planners can explain all of your financial options in terms of saving for a house, for example, salary sacrifice by tapping into your superannuation fund. They will also provide an objective opinion on the type of property you can afford.
What is Superannuation Sacrifice
In 2019 the Australian government made changes that allowed for the creation of a new scheme called the “First Home Super Saver Scheme”. This allows employees, with permission from their employers, to sacrifice a portion of their superannuation to put towards a house deposit. This scheme can be confusing and there are specific criteria that must be met for eligibility. Wealth Connexion can act as a guide through this process.
Planning for Retirement
A Financial Planner can also help assess your financial situation in terms of retirement. Financial Planners will review your current financial situation and comprise a plan so you can be in the best possible position to achieve your desired retirement lifestyle.
There is nothing wrong with being prepared and well informed when it comes to your finances. Wealth Connexion, as a financial planner in Brisbane, has a team of well-versed and qualified employees in the financial services sector, that can assist you with all your financial needs.