A financial planner can be a vital advisor as you work toward your financial goals. A good financial advisor can act as a captain of your team of advisors, work with your tax advisors, insurance agents, etc. to ensure a different part of your financial plan to work together.
Some people hire financial planners only when they need advice on specific issues such as saving for company, paying debts, or to evaluate the offer of early retirement. You can also hire an expert financial planner in Sydney via https://taxideas.com.au/our-services/financial-planning/
Others hire a financial planner to complete the comprehensive plan and monitor the plan on an annual basis. No matter what your reason is to hire a financial planner, one of the biggest advantages of working with a financial expert is the extra motivation you need to achieve your financial goals.
One concern with hiring a financial professional is that anyone can call themselves a financial advisor. Unlike attorneys and CPAs – where you have to take the exam and have special training before you can hold yourself out as a CPA or attorney – there is no such requirement before you can call yourself a financial planner.
There are several fields of financial planning that helps differentiate experienced, well-trained financial professionals from other people who may not have any qualifications.
Some designations to look for include Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) and PFS
You have to contact and interview several financial advisors before hiring one for your company to ensure that you have an expert financial planner.