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5 Valid Reasons You Should Seek Financial Advice

5 Valid Reasons You Should Seek Financial Advice

With the rising prices of daily expenses and an increase in job demands and career growth, it’s essential to have a comprehensive financial plan to be financially secure in the future. Because of this, many people consider investing as one of their preferred options to become financially stable.

However, with the many investment options available on the market, how do you know which one is best for you? This is where a financial adviser may help you understand your financial goals and objectives and how to achieve them best. Here are some of the best reasons you should seek financial advice:

Reasons to Seek Financial Advice

1.  Make Financial Decisions Independently

It’s hard to decide what financial products are best for you without the help of a professional. Financial advisers can guide you through your options so that you can make informed financial decisions thanks to the knowledge and expertise they have accrued throughout their careers. They may help you determine the risks and rewards of different investment options and the right products for your needs.

2. Get an Objective Opinion

With money, everyone has their agenda. Your family and friends are no different. They may try to convince you to spend your money in a certain way or make financial decisions that they think are in your best interest based on choices they have made.

However, a financial professional may help you establish and adhere to a plan specific to your unique needs and goals. With this, you may save for retirement, invest in various accounts, and plan for your financial future. Having someone who is impartial and has your best interests at heart can be invaluable.

3. Save Time and Money

Investing can be a time-consuming and expensive endeavour. If you don’t have the time or resources to research and manage your investments, a financial adviser may spare you a lot of time and money. Advisers can give you the information you need to make wise investment choices, find the most suitable and competitive investment products as well as review them on a regular basis for you.

In the 2020 IOOF Value of Advice Report, of the participants surveyed, 96% say Financial Advice saves them time and hassle planning/managing their financial affairs.1

4. Reduce Stress

When it comes to financial decision-making, stress is often unavoidable. After all, there’s a lot at stake with money. However, that doesn’t mean you must go through the process alone.

A financial adviser can be a great asset for making tough investment choices. Advisers may give you the information and guidance to create intelligent and informed decisions about your money. They may also help develop a financial plan that will allow you to reach your financial goals while reducing stress in your life.

5. Improve Your Financial Situation

As your financial situation changes, it is essential to review your investment choices and make sure they are still the best options for you. A financial adviser may help you understand current legislation, the options available to you and the best choices for your current situation.

If you are unhappy with your ongoing financial situation, a financial adviser may help you develop a plan to improve it. Advisers can help you set goals and build a budget. They can also offer advice on making the most of your income and saving for the future.

Final Thoughts

There are many valid reasons to seek financial advice. Perhaps you are stuck and your efforts are not yielding results, or your need help getting back on track. Or maybe you want to grasp how to manage your money better. Regardless, a financial adviser may provide you with the guidance and support you need to make sound financial decisions.

Newcastle Financial Planning Group is your reliable financial adviser in Newcastle. We provide practical advice on financial planning, retirement planning, investment advice and more. Call us or book online to secure your first appointment with us today and get started!



  1. https://www.ioof.com.au/financial-advice/the-true-value-of-advice
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