6 Tips When Picking the Right Financial Adviser for Your Super

When it comes to superannuation, everyone needs a little help from time to time. But when it comes to finding the right financial adviser for your super management and retirement planning, it can be tricky to know where to start.

You should consider a few things when looking for a financial adviser. Firstly, you need to make sure that they are qualified and experienced in the areas you need help with which, in this case, would be your super. Secondly, you need to feel comfortable with them and feel confident that they have your best interests at heart. Those two things are essentially the most important factors to think about.

Finding the Right Financial Adviser for Your Super

1. Do Your Research

Before you even start looking for a financial adviser, it’s important to do your own research. This way, you’ll know what questions to ask and what to look for in a good adviser. Read reviews, look at what services are offered by different firms, and identify what criteria are important to you. From there, you can create a set of expectations when reaching out to an actual adviser.

2. Ask Around

If you know anyone who has used a financial adviser before, ask them for recommendations. This is a great way to find someone who comes highly recommended. If you feel comfortable, ask what services the financial adviser provided and what they were able to achieve for their client. Your referrer can also give you tips on what to look for and the warning signs to be wary of.

3. Check Their Qualifications

When you’ve found a few advisers that you’re interested in, make sure to check their qualifications. You can do this by asking them for proof of their qualifications or by checking their credentials online. With qualifications in place, you can better trust them to know that the advice they’re offering will actually work and are sensible.

All financial advisers should be able to provide you with a Financial Service Guide which outlines who they are licensed with, their qualifications and other key information you need to know before proceeding.

4. Ask about Their Experience

Experience is important when it comes to financial advice. The more experienced a financial adviser is, the better pieces of advice they’ll give you! Just make sure that when you do pick a financial adviser, you want an adviser who has plenty of experience in the specific area you need help with.

It’s also important to understand how they will structure their advice for you and how they decide which products and investment options will be best suited to your needs. There are a few primary investment approaches that most advisers follow, make sure you are comfortable with their approach before agreeing to proceed.

5. Get a Second Opinion

If you’re not sure about something your financial adviser has said, don’t be afraid to get a second opinion. You can do this by speaking to another adviser or by doing your own research. This way, you can compare what their advice approaches are, whether they’re similar or not, and so on.

If you still aren’t sure, don’t be afraid to seek a third opinion!

6. Trust Your Gut

At the end of the day, it’s important to trust your gut. If you don’t feel comfortable with an adviser, it’s probably not a good idea to use them. That’s because a good adviser should evoke a sense of trust, and if they can’t do that, they may not be the right adviser for you!

Get ‘Super’ Prepared with Newcastle Financial Planning Group

By following these tips, you should be able to find the financial adviser for your super. Remember, finding the right one is vital in ensuring that you get the best advice to help you handle your superannuation better so you can achieve the retirement you want. Essentially, you’re putting your money into their hands by asking them to give you direction on how to work with your finances. So, you don’t want to pick a random person to help you! Always make sure the person you’re working with is a true professional at it.

Newcastle Financial Planning Group offers trusted superannuation financial advice to those seeking help to better handle their superannuation and future retirement plans. If you are looking for a financial adviser in Newcastle, call us or book online to secure your meeting today and learn how we can work together to achieve your financial freedom!