What is a Financial Planner?

A Financial Planner is a professional that helps individuals plan their finances. In a broader sense, you could look at the elements of expertise that may be needed to help with the process of financial planning – taxation, cash flow and budgeting, asset allocation, investment analysis, asset protection, wealth management – the list goes on.

The reality, however, would appear to be quite different. A majority of Australian Financial planners work or are owned by other organisations, and have inadvertently become just a distribution channel for that organisation’s financial products. This means that financial planners whom are not independent are essentially the sales arm for superannuation funds, insurance companies and fund managers, whom place their own profits before your best interests.

Real, independent Financial Planning is not a sales distribution. Instead, an independent financial planner in Sydney will make use of extensive resources and knowledge to understand, analyse and ultimately make recommendations to their clients about what moves they need to make in their life and finances, that will give them the best possible return for their efforts.

Some things an independent financial planner will help you with:

  • Determining if you can and should upgrade your house?
  • Finding the best way to pay and fund private school education?
  • Determining if you have sufficient funds to retire on?
  • Figuring out what how to take a holiday overseas every year and not run out of money?
  • Strategise ways to pay your home off faster and save money doing so
  • Generating passive income from a share or property portfolio.

The list is almost endless – and that’s what being a financial planner is about. Taking the millions of options available, and tailoring them to suit each individual person to ensure that they have the richest, most rewarding life possible.

Financial planning is about helping people build remarkable futures, real independent financial planners take their clients on a lifetime journey of endless opportunities. To find the people you want to be talking to, just click here.

Want to learn more? Financial Spectrum’s independent financial planners can give you more information during your first, free consultation. How to book your first free financial planing consultation.