Having a professional financial adviser can help you save time and money. It can also be useful to have an expert guide you through financial matters such as real estate, insurance and financial products.
Is 1% too much for a financial advisor?
Financial advisers can help you invest for your retirement or save for a home deposit. Some financial advisers offer a wide range of products. Depending on your needs, you might want to use an investment management system to access the products you need. The systems also give you access to ETFs, term deposits and Managed Funds.
Depending on the level of expertise, your financial planner may suggest revisions to your financial plan based on their experience and knowledge. They will also help you monitor your investments and suggest changes based on how they have performed.
Financial advisers usually work in a one-on-one relationship with clients. They can help you reach your financial goals by pointing out things you might not have considered. They can also help you save money by suggesting low management expense ratios and widely diversified funds.
Financial advisers in New Zealand are usually members of professional organisations. They must adhere to a set of ethical and legal standards. They also need to be registered with the Financial Services Providers Register.
The Financial Advisers Act 2008 requires financial advisers to comply with certain duties and responsibilities. They must also treat clients with the highest level of integrity. If you think your adviser has done something wrong, you should complain to the Financial Adviser.