Financial Planners in Melbourne

Finding financial planners in Melbourne is easy, but how do you choose the perfect one for you?

So you’ve been looking for financial planners in Melbourne, and all you have found is a heap of websites owned by financial planners telling you how brilliant their services are. Let us tell you, there is a better way – a simpler way to find the ideal financial professional for you. We take an in-depth look at your needs, your age, your current financial situation and your location to match you with the best suited financial planner for you.

How do we do this? We have profiled a number of financial advisers in Melbourne and created a database of advisers that service clients of differing financial positions. After you answer a couple of quick questions, we match you with the companies that service clients similar to you. Find out more below about the differences in the services offered by Melbourne financial planners and why these differences are important to you.

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How do Financial Planners differ in Melbourne?

You will find that financial planners have niche or specialist fields that they focus on. Some planners will specialise in retirement planning while others have a focus on wealth accumulation. Understanding the difference in service offered by the varying companies in Melbourne will not only help save you time, it will also ensure that your investment strategy is suited to you and tailored to your needs.

How much does a Financial Planner cost in Melbourne?

This is a very common question, and quite often it is the first question that clients will ask. The first distinction to make is that some companies will charge a set annual fee to maintain your strategy, while others will charge a commission based on the products they sell you. There is then a third option which is a hybrid, or combination of both a set fee and commissions on products sold. If cost is an important part of your decision process, you should speak with a number of advisers about your options.

Is a Melbourne Financial Planner the best source of financial advice?

Financial Planners are also known as Financial Advisers –  they have studied, and chosen to specialise in researching and delivering financial advice. Most of these professionals have dedicated their working lives to ensure that they provide their Melbourne clients with consistently profitable and well informed advice. They understand that by ensuring that the service they offer you is of the highest quality, they can continue in guiding you toward your financial goals. For most people, a financial planner is the best choice for presenting a broad range of options (be it shares, business investment or annuities) to help you reach your financial objectives.

What will a financial planner do for my finances?

This all depends on your goals and objectives. If you haven’t got this far yet, that’s okay – they can help you with goal setting too. As a matter of fact, without setting goals and objectives, financial planning is not possible. Once you know where you want to be and what you want to achieve, the financial adviser will propose a number of different options for you to consider. The options that are presented will be in line with your goals and your expected outcome. They will also give you an idea of the risk involved and the benefits of choosing one option over another. Remember that a financial planner is there to help you and they will work with you continually to ensure that your ch0sen strategy is still the best option for you.

What services do Financial Planners provide in Melbourne?

Below we have listed the most common services offered by financial advisers in the Melbourne area. These services are listed to provide you with a guide – to help you learn more about which service type you require to meet your financial objectives. Contrary to popular belief, financial planners to not offer or provide finance. Bank owned financial planning corporations have access to their parent lenders – but traditionally finance and financial planning are kept separate. That being said, if you do need to borrow as part of your wealth strategy, your chosen adviser will be able to point you in the right direction.

Retirement (Superannuation) Planning
Superannuation planning is one of the most popular services offered by financial planners in Melbourne. In recent times, the popularity has sky-rocketed as the set-and-forget approach adopted by many superannuation holders in the early 2000s deemed fatal in the Global Financial Crisis. With investors still recovering from such devastating losses, any form of guidance has been embraced in attempt to ensure the security of their financial future. A financial planner will take an in-depth look at your financial situation and offer an investment strategy or plan. This may involve switching superannuation funds, diversifying or adjusting the investment strategy within your current fund, or even the creation of a Self Managed Superannuation Fund (SMSF). Different strategies suit different age groups and risk profiles, so it is important to seek professional advice before making any changes to your existing superannuation setup.

Wealth Accumulation
Everyone could do with a little more spare cash. How can you use your existing savings, superannuation, assets and even borrowings to accumulate further wealth? Financial planners are quite literally the answer. A financial planner is not a once-off investment. When you engage the services of an adviser for wealth accumulation, they know that the market may and is likely to change – which is why keeping ahead and informed is the best way to accumulate more wealth. Financial planning companies in Melbourne employ Paraplanners, these are people who are assigned research tasks by the financial planners. When an adviser has a strategy for wealth accumulation, the Paraplanners will research the particulars of the strategy and identify any opportunities or weaknesses within the strategy – again –  on a continual basis. Couldn’t you use the power of a dedicated and professional team to keep a finger on the pulse of your financial strategy?

Wealth Protection
The fortifying of wealth is another popular service offered by financial planners in Melbourne. Irrespective of how much wealth you currently have – protecting that wealth is crucial not only for the security of your financial future, but for maintaining your ability to accumulate wealth using your existing assets as leverage. An adviser can offer different strategies to help you strengthen your assets against the volatility of the individual markets. Through carefully planned investment in stocks, bonds, private equities, real assets and resources, your investment will be diversified in accordance with your goals and your risk profile. Essentially, the diversification is designed to ensure that where one part of the economy drops, another part of the economy will pick up – balancing out and in turn protecting your wealth.