Why is it important to seek expert financial advice?

Financial matters require expert advice in the same way that you would seek professional advice for legal or taxation issues.  A professional financial planner will assist you in navigating the complexities of the financial landscape while also alerting you to opportunities to help you reach your goals. For example, the set of complexities involved for a financial plan for someone living in Australia could be vastly different than those for an Australian living in New York.

Some people elect to manage their own finances without the assistance of a professional financial planner.  This can be effective if you’re familiar with superannuation, taxation and insurance regulation, keep abreast of developments in investment markets, understand how to manage your budget effectively, understand how different investments can help build wealth and have a good understanding of how to effectively plan for retirement.

Those who don’t have an in-depth knowledge of the above issues, or who don’t have the time to devote to their financial plan, will benefit from consulting with a professional financial planner.