Find the best financial advisor with 3 easy steps!!

F inancial management is something that most people struggle with. It can be a daunting task and can often be a hassle to manage on your own. Maybe you think “why should I pay a financial advisor when I could manage myself???” When it comes to your finances, it can be difficult to figure out which jobs are DIY. You certainly need a pro in your corner. Hiring a professional financial advisor can give you confidence and peace of mind that your financial future is secure.. .

Getting the best fit professional advisor starts by understanding what financial planning is and knowing what to expect of the person you might hire. A financial advisor is a professional who helps you manage your finances and projects the results of your savings and investments. They can help with investing, financial planning, retirement planning and more. An experienced financial planner can help organize your overall financial picture and improve the quality of the financial decisions you make. Finding the right person or firm may take some more time, but the investment of time will be well worth it in terms of your peace of mind. In this article, we have simplified the 3 simple steps to help you find the best financial advisor for your needs.

Step #1: Who do you really need?

To find the best financial advisor for your situation, you need to know what type of financial advice you need and what services a potential advisor provides. The type of advisor that you need depends on the complexity of your needs. Financial advisors don’t come in a one-size-fits-all package. They get different qualifications and certifications. Each type of financial advisor is uniquely qualified to help you reach different financial goals. For example, if you need help with taxes, you should look for an advisor who specializes in tax work and has a certification to match. If you only want investment management, a robo-advisor might be the best fit. Here are some examples of common kinds of financial advisors and what they actually do.

Step #2: Seek financial advisors with reputable credentials

Once you know what you want, search an advisor who offers the right services for you. The best way to see what a financial advisor offers is to read their Financial Services Guide (FSG). The guide should list all the important details that you require to make an informed decision on who you want to work with. • The services they offer; • How they charge; • Who owns the company; • Any links to product providers; • Their AFS licence number;

STEP #3: Ask the right questions

You should never work with a financial professional blindly. A real, meaningful and transparent relationship with a financial advisor requires good judgement, and mutual trust. Open, honest communication is crucial to building the trust and creating a financial plan that will have the greatest impact in the long run. Ask these questions to create trust and a long-term financial advisor-client relationship. • Years of experience as a financial advisor; • Offered services; • Charge fee; • How will the relationship work – how often would the advisor evaluate your financial situation and provide an up-to-date forecast; • Investment philosophy; Before you sign any formal agreement, make sure you understand exactly what services that your advisor will be providing and how long you expect your relationship to last. Once you’ve posed all the important questions, it’s time for you to ask yourself 3 things: • Do you like and trust your potential advisor? • Do you feel comfortable talking to her/him? • Do you think you can build a long-term partnership with her/him?

Our financial advisors are carefully screened before being invited to join the Avana Community of Advisors. You can expect to receive high quality service from our financial advisors. The service level is centred around your current realities, future life, financial goals, and your risk tolerance. While financial advisors are qualified to provide financial advice to you, at Avana we believe that you should take responsibility for your financial decisions and protect and grow your wealth. Hence, Avana financial advisors are similar to coaches, who enable you to see risks, opportunities and possibilities to match your personality and your goals.