Why you need a financial adviser

The benefit of using a FAIS-compliant financial adviser lies in their deep expertise, they can help you create tailored financial strategies and, more importantly, often give you peace of mind for your financial future.

A financial adviser can help you plan and achieve your personal and financial goals. Their duties include providing proactive, objective financial advice around the products and services that can help you make the most of your money.

A financial adviser can help you:
• Create a spending and savings strategy to secure your financial future
• Become more tax-smart and efficient
• Make better investments that are optimised for your unique financial situation, goals, and risk tolerance
• Gain expert knowledge and advice to guide your financial journey
• Provide integrated convenient financial services, including retirement planning and estate planning.
 

Don't go solo

Without in-depth knowledge of the world of finance and investments, it can be tough to ensure you are as financially efficient as you could be. A financial adviser can help fill this gap, guiding you in your decision-making and providing a clear roadmap toward financial wisdom and wellness.

Good financial knowledge empowers you to make better decisions when you budget, invest and take on debt, ultimately saving you money and improving your ability to meet your immediate and long-term financial objectives.
 

Your savings and investment strategy

An important part of achieving financial goals is saving and investment planning.

A financial adviser helps individuals couples and families identify appropriate savings vehicles (retirement funds, tax-free savings accounts or emergency funds) based on their needs and life stages.
They guide you in making informed investment decisions by providing insights into various investment options and asset allocation strategies.

By understanding your risk appetite, financial goals and investment timeframe, a financial adviser assists in creating an investment portfolio aligned with your objectives.
 

Too soon for retirement planning? Think again

Even if you start small, you should start planning and saving for retirement in your 20s, as this gives your money more time to grow and helps you leverage compound interest to achieve your goals. Unit trusts, shares and equity funds are excellent instruments to help you plan for retirement in South Africa.

A financial adviser helps you understand the importance of starting early and guides you in making retirement planning a priority.

They assist in identifying suitable pension funds, provident funds, or retirement annuities to ensure the creation of a comprehensive retirement plan.

By considering factors such as inflation, projected expenses and investment growth, a financial adviser enables you to achieve financial security during your retirement years.