Wealth Management Services.
Secure Your Wealth.
As you progress through your career and life, it’s common to find your financial affairs become a bit more complicated. There are many things to think about, including reducing debt, paying tax, designing a comfortable retirement, looking after the kids and grandkids and what happens to your money after you pass on.
To help navigate these challenges, people often turn to financial planners, who are trusted to help people reach their goals, simplify their finances and plan for the future.
What does a financial planner do?
A financial planner is responsible for helping their clients manage their money. There are often many aspects to that management, including appropriate investment, tax-effective planning, saving for retirement, insurance and even helping to organise wills.
However, before a financial planner reaches the stage of implementing strategies, they’ll often work with their clients on what they’d like to achieve from life. Once goals are established, the planner can put in place a roadmap for getting to those milestones, while taking into account general living costs.
Why do people see financial planners?
Managing money isn’t always easy, especially as people get older. There are rules around superannuation, inheritance, estate planning and tax that can be quite complex. They also tend to change semi-regularly. Given financial planners understand these areas and keep up with changing regulations, they can often step in and help.
Financial planners are also well versed in goal planning and the strategies that can be used to build wealth. They can take a holistic view of their clients’ finances and advise them on what they think is the best pathway forward, based on the clients’ personal circumstances.
When do people see financial planners?
There are certain occasions in peoples’ lives that create extra complexity and may trigger a wealth management appointment. Often these events involve a change or prospective change in someone’s income or wealth. Here are some of the more common ones:
Getting a promotion or changing jobs/roles
Receiving a redundancy payment
Buying or selling a property
Getting married or divorced
Losing a parent, partner or other loved one
Having a new child or grandchild
Receiving a large payment, such as an inheritance or insurance payout.
While these events may be the catalyst for some customers to give a financial planner a call, they are far from the only reasons we see new clients. For many, it may be a case of realising that retirement is approaching in 10 or 20 years and wanting to save for a comfortable life.
How to pick a qualified financial planner.
In the past few years, rules have changed to ensure financial planners are well-educated and qualified to meet their clients’ goals. Financial planners who meet the profession’s requirements are now listed on the Australian Securities and Investments Commission’s Financial Advisers Register. Here, prospective clients can see the financial planner’s experience, their qualifications and employment history before trusting them with their money.
Why Chelsea Wealth?
We work with you to identify and prioritise your personal financial goals and help you maximise the chance of your success. We’re here to help you secure your financial future.
Get started with Chelsea Wealth ➝
Contact us.
Newcastle
Ph 02 4032 4400 | fax 02 4032 4401
newcastlewest@chelseawealth.com.au
Penrith
Ph 02 4721 5800 | fax 02 4721 5088
penrith@chelseawealth.com.au