Financial Advisers help you attain your future financial and life goals.
You might be under the impression that consulting with a financial advisory firm is only for the wealthy. This isn’t so! The good news is that anyone with earning power can benefit from the invaluable advice that a financial adviser can offer.
While it is true that a financial adviser will levy a fee for the professional service provided, and while you may be loath to spend money on financial advice, the long-term benefits are certainly worth it.
The main objective of a financial adviser is to draw up a plan which helps you attain your future financial and life goals. A solid plan should take into account your current financial obligations and ensure you have adequate insurance, including medical, to cope with any unforeseen crises that may arise. Your financial adviser will also be able to manage your investment portfolio.
To this end, a financial advisory firm will need to determine the state of your finances as they stand. Your assigned adviser will examine your finances in detail. They will take into account your level of income, your dependents and the status of your assets and insurance policies.
Your adviser will ask you about your future goals and if you currently have any investments. All this information will assist your adviser to tailor-make a financial plan that will guide you in reaching your goals. It is then up to you to execute this plan.
Ideally, you want to establish a long-term relationship with a financial advisory firm. A financial plan is essentially a life plan for your money and as life is dynamic by nature, your plan will needs reviewing and revision to keep it up-to-date with the changing demands life throws your way. Once your initial plan has been drawn up, it is advisable to schedule an annual appointment with your financial adviser to make any changes necessary.
Is Your Financial Advisory Firm Reputable?
Under the Financial Advisory and Intermediate Services Act, the financial advisory firm you choose to approach requires licensing. Accreditation with a recognized body such as the Financial Planning Institute (FPI) is necessary. Ensuring that the advisers have undergone postgraduate training as certified financial planners (CFP), is another check to complete.
Upon successful completion of the relevant board exams the Financial Services Board (FSP) issues certification. Financial advisers are also expected to partake in continuing professional development (CPD) in order to keep their licenses current.
If you are in search of a reputable financial advisory firm in Mpumalanga or Gauteng, look no further than ATF Consult Inc. Contact us today to book an appointment – we offer a wide range of services to cater to your every financial need.