We're all familiar with the term but very few really understand what a financial planner does.
In a nutshell, a financial planner gives 'everyday people', financial advice on how to build long term wealth and financial security. For some, it could be advice on tax-effectively saving for a first home or accessing the most efficient income stream in retirement.
But there's much more to financial planning than just superannuation and investments. A good financial planner will ask lots of questions and focus on the important lifestyle issues to find out what's most important to you.
And the great thing is that you don't necessarily need lots of money to see a financial planner - just the value in seeking advice and a desire to make a positive change.
How does the process work?
It starts by identifying your goals and any financial issues you might have, developing a range of personalised strategies and reviewing the plan on a regular basis - or when your circumstances change.
Obviously, everyone's different - including the financial planners out there. If you're thinking of seeing a financial planner, we encourage you to check out our other short videos in this section - In particular, 'What should I look for in a financial planner?'
It's really about clearly defining what you want from life now and in the future, so you can make informed decisions, create a plan and set off on your journey with greater confidence.
