Get expert help and guidance

Starting your financial journey can be tricky, and that's where a financial advisor and financial planner come in handy. With their expertise and knowledge, you can create a tailored plan to achieve your financial goals. It's like having a personal coach who helps you make the smartest moves.

Make better investments

With financial advisors, you're not just throwing money at random investments and hoping for the best. They help you choose the right places to invest based on thorough research and their understanding of market trends. This way, your investment choices are more likely to grow and meet your financial expectations.

Manage wealth and finances

Wealth creation isn't just about having money; it's about making that money work effectively for you. Financial advisors are effective at creating plans that cover everything from everyday budgeting to long-term investments, ensuring your financial health stays strong.

Avoid costly mistakes

It's easy to make financial mistakes that can cost you dearly down the line. Working with financial advisers steers you away from poor decisions and helps in your financial and emotional recovery. Their expertise can be a real lifesaver for your financial life!

Save time

Life's busy enough without worrying about every detail of your financial planning. A financial advisor offers you freedom and time to enjoy life. They take care of the financial heavy lifting, so you don’t have to.

Thinking about getting a financial advisor but worried about the cost? Here's what you need to know about how much it might set you back in Australia:

• Type of service: What you need help with can change the price. Basic advice costs less than a full financial plan.
• How they charge: Some advisors charge by the hour, others take a percentage of the money they manage for you, and some might have a flat fee for certain services.
• Their experience: More experienced advisors often charge more because of their expertise.
• Your financial needs: If you have a complicated financial situation, it might cost more because it takes more time and effort to manage.

Average costs of financial advisers

Typically, you might pay between $200 and $400 an hour for a financial adviser in Australia. For ongoing help managing your investments, advisors often charge about 0.5% to 1.5% of the total money they’re handling each year.

If you're looking for a one-off service, like setting up a financial plan, it could cost you between $2,000 and $5,000, depending on how complex your needs are. Knowing these costs can help you figure out what kind of help you can afford and what to expect when you start looking for financial advisers.

When you're looking for financial guidance, you might come across two terms: financial planner and financial advisor. It's easy to think they're the same, but there are some differences:

• Scope of Services: Financial planners typically focus on long-term financial planning, including retirement planning, estate planning, and saving for goals like education or buying a home. Financial advisors have a broader scope, providing strategic financial advice on day-to-day financial management and investments, in addition to planning.
• Certifications: Often, financial planners hold specific certifications like Certified Financial Planner (CFP), which emphasizes their expertise in detailed financial planning.

Both financial planners and advisors aim to help you manage your money better and achieve financial security. They both can provide investment advice and guide you through financial decisions.

Finding the right financial advisor in Sydney involves considering several factors to ensure they meet your needs:

• Qualifications and experience: Check their credentials and how long they’ve been in the financial plan business. This can give you confidence in their skills and knowledge.
• Services offered: Make sure they offer the services you need. If you're looking for help with investing, a more general financial advisor might be suited to your needs than a planner who specializes in long-term strategizing.
• Fee structure: Understand how they charge. Is it by the hour, a flat fee, or a percentage of assets managed? This can affect both your cost and their advice.
• Compatibility: You should feel comfortable discussing personal financial matters with them. It’s important that they listen to your needs and communicate clearly.

Choosing a financial advisor or planner in Sydney is about finding someone who can support your financial goals and whom you can trust to manage your financial future effectively.