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What to consider when choosing the right financial planner

By Zuko Komisa

What to consider when choosing the right financial planner.

Your road to financial freedom requires you to have all the help you need, and getting the right help is a very important step you have to get right.

Before even looking you need to choose which areas of your financial life require assistance before you talk with a financial counsellor.

You should be prepared to discuss your unique money management requirements when you first sit down with an advisor.

The top financial advisor will be able to assist you in setting a route for all of your financial requirements. This can include recommendations for insurance products to protect you and your family, debt payback, financial advice for retirement plans, and estate preparation.

Kaya Biz with Gugulethu Mfuphi spoke to Buntu Bam, a Financial Consultant at Alexforbes about what to consider when choosing the right financial planner.

LISTEN TO THE FULL CONVERSATION HERE:

Find a knowledgeable person you can take to

“It needs to be someone you can talk to, someone you can understand your plans in the long-term and take everything into consideration with regards to what needs to be achieved over a set period of time.”

“Make sure that this person is knowledgeable about the aspect of financial planning you need.”

Also Read: Where there are a lot of fish in the sea, how do we choose a partner

Build trust with your adviser

“Trust is long-term and there needs to be honesty from both parties from the onset. If there are life-changing events within the family the individual, be it you’ve lost your job, had a divorce or had a child, these are the conversations you need to have with your financial adviser.”

Plan ahead

“You tend to find with people is that they don’t save enough and for your estate, you are not planning enough, because there are certain people you who are not included in your will. That would then causes issues with your estate should a scenario arise when you pass. So what we then do is take you through the journey of planning your estate, planning for your retirement and also planning for your investment. Holelistically we look at everything.

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