What does a financial planner do?
Needing expert advice on how to reach your financial goal?
It might be a bit overwhelming to acknowledge the challenges that come with taking control of your finances. But there’s no need to worry, as long as you know who you should call for help.
Let’s first try to clarify this…. Financial Planner vs. Financial Advisor
Financial advisors can be considered as an umbrella term for trained, licenced and certified professionals who are allowed to give advice on financial matters such as money management, retirement, insurance and taxation.
Professionals holding an Australian Financial Services (AFS) licence can call themselves financial advisers – that includes licensed stockbrokers, insurance brokers, real estate agents and lawyers.
On the other hand, Financial planners are focused on offering financial and/or investment advice, depending on their specialisation and qualifications.
So in building your financial future, why should you call upon a financial planner?
- They are trained to give you professional advice.
Financial planners are trained professional who structure programs to help their clients achieve their financial goals by managing their money better.
They are required to undergo rigorous training, a recognised professional certification and continuing education to practise their profession.
- They have a fiduciary duty to act in the best interest of their clients.
It’s always recommended to seek advice from licensed professionals who can take the individual’s circumstances into consideration in their advice.
They are focused on providing appropriate advice according to their clients’ circumstances and needs, regardless of the simplicity or complexity of the services they are asked to provide.
- Their role extends beyond planning and managing their client’s finances.
Financial planners specialise in various advising services which includes:
- Answering financial questions
- Debt management services
- Broking (i.e., loans, real estate)
- Retirement planning
- Estate planning
- Creating a financial roadmap for specific goals (i.e., education, inheritance)
- Tax planning
- Investment asset recommendations
- Managing client portfolios
Here at KMT Partners, you will be working with our team of financial planners who are dedicated to helping create wealth for you, your family and your business.
Our team understand the process, the opportunities and limitations, working with you to align with your goals and present situation to enable you to build an attractive wealth position.
In planning your future, we support you by understanding your goals and providing financial planning and investment advice.
Our team has the experience and smarts to design a structured financial plan, whilst considering appropriate risk-return rewards for you as the investor.
Other than Financial Planning, we also specialise in:
For a no-obligation consultation to discuss your wealth creation, contact us.