While many investors are reluctant to take on the advice fee, appointing an advisor can make and save you money in the long run, thus earning their keep, time and time again.
Good, independent advice helps you make decisions that are right for your circumstances. Here are five situations that should persuade you to seek advice:
You want to put a plan in place, but you have no idea where to start
An advisor will develop a long-term plan that will meet your needs. Child’s education? Health? Retirement? A good advisor will help you to keep your plan on track in uncertain times.
You need to choose an investment product, but you suffer from analysis paralysis
There are so many different products and they suit different objectives. Some offer tax benefits and others present restrictions. An advisor will assist you in finding the right option that particularly suits you.
Your life circumstances have changed – or are about to change
Divorce, children, inheritance, retirement – life stages introduce new financial challenges. Financial advice is crucial in navigating through these life stages.
You are changing jobs and have no idea what to do with your retirement “windfall”
Make sure you preserve your retirement savings or you’re likely to suffer a setback.
You are drowning in debt
Here it may be premature to seek the services of a financial advisor. Rather, speak to a debt counsellor that is registered with the National Credit Regulator.
What if I’m not ready to seek advice?
It’s not impossible to invest on your own. But many of us need to do some self-evaluation and this is often the first step in making good, long-term financial decisions. Over the long term, an advisor has the objectivity and experience to help you meet the full range of challenges and help you stay on track.
Investonline can assist
As independent financial advisors registered with Allan Gray and Old Mutual Wealth, with over 25 years’ investment experience, we will analyse and evaluate your financial position using our sophisticated models and ensure the right investment strategy is formulated to achieve your personal goals. Click here to speak to one of our advisors.
