3 ways a financial planner can grow your wealth
June 12, 2020
If you’re looking to grow your wealth for the future or optimise your current investments, financial planners can help you realise your financial goals.
With so much uncertainty in the world today, many of us are more concerned than ever about our personal finances and how to plan for a financially secure future.
That said, managing your finances and selecting the right investments to deliver the best returns is complex and time-consuming, which is why you should speak to a financial planner.
A qualified financial planner or advisor can develop a financial strategy that’s right for you, as well as help you complete financial goals along the way.
Financial planners can assist you with your strategy, implementation and monitoring, however they can also help in a range of other ways.
Here are three ways a financial planner can help grow your wealth:
1. Financial planners can help you plan for the future
To grow your wealth for the future, you need a plan, and a good one at that.
A financial planner will help you map out your financial objectives and develop the right pathway to achieve those goals.
There is much more to financial planning than saving for your retirement too — it covers all the major steps along the way like buying a home, school tuition and other investments.
Financial planners provide a practical path forward that is tailored to your specific situation, so you can build your nest egg comfortably.
This means a financial planner will show you what to do differently, how much you need to save, what sort of mortgage you should look at, and the different types of insurance that you need.
2. Financial planners can optimise your investments
If you already have investments, financial planners can audit your portfolio and provide advice on how to optimise it to reap the greatest returns for your situation.
Financial planners can explore a range of investment strategies and options, including shares, real estate, cash, term deposits, superannuation, and fixed interest investments.
A financial planner will assess your risk tolerance and risk capacity to determine which investments best suit your situation.
They will also help you execute your investment strategy with their industry knowledge and experience, so you can avoid costly mistakes.
3. Financial planners can share financial insights
Most people just don’t have the time to keep up to date with all the changes happening in the wider finance space.
Fortunately, financial planners are passionate about helping people learn more about their finances.
Financial planners can help you learn about the fundamentals of finance, and what they mean for your goals.
They can explain the concepts and terminology behind your investment strategy, so that you understand how your portfolio works.
Grow your wealth with a financial planner
If you’re looking to grow your wealth, our experienced financial planners at LDB can help.
At LDB Group, we offer a holistic approach to financial planning by drawing on a wide range of knowledge and tools to help our clients reach their financial goals.
If you want to learn more, give us a call on (03) 9875 2900 or complete the form below to arrange a chat with one of our experienced financial planners.