In these days of instant gratification, the emphasis is on avoiding the ‘middlemen’, even when it comes to the tricky task of planning your financial future. After all, why use a broker when you can access all the services and products you need at the click of a mouse button?
The answer is that it’s critical to plan properly for the risks and conflicts that may arise during your lifetime, and it takes a professional, registered financial adviser to do this. But how do you know that your chosen FA has what it takes? Below, we highlight a few must-have qualities:
- Ensure that the services and solutions offered by your financial advisor will go through a rigorous process of being vetted and approved by a group of highly professional individuals at the financial institution he/she works for. This enhances the value and effectiveness of the advice.
- Planning your future is a highly personal process and a lifelong journey, so having a relationship based on trust with a financial adviser is non-negotiable. You should be confident that the person you entrust with some of the most important aspects of your life is someone whose recommendations and financial insights you value.
- Your potential advisor should have a strong understanding of a wide range of disciplines to assess each option, and then use them to build a unique personal plan that will effectively lessen or protect against any future losses or crises.
It is the duty of a financial planner to help you make informed, responsible decisions about your future.
For more information, or to contact a financial advisor, go to https://insurance.standardbank.co.za/#/landing