Why you need a financial adviser

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It’s one thing to manage your money well enough to get by day-to-day, but if you want to significantly and positively impact your financial position year on year – which we know you do if you’re building an empire – it pays to consider the bigger picture. Despite your level of financial literacy, a financial adviser (who should ideally be a trusted partner) can provide an additional perspective on your situation and help you get to where you’re going faster. Here’s how…

You’re adding to your expert team

We’re living in an age where we have access to almost anything and, more and more, the kiwi ‘number 8 wire’ DIY mentality is being replaced by an understanding that sometimes it’s better to outsource to an expert. In the same way that you wouldn’t necessarily get under the hood with grease up to your elbows and give your car an oil change, you don’t need to go it alone when it comes to managing your finances.

In business, we surround ourselves with the people who can perform certain functions better than we can, so that we can stick to what we’re awesome at; the same theory can apply, too, to your personal life. A financial adviser simply adds to your personal posse. An independent adviser, as opposed to someone tied to a specific bank or insurance company, ultimately works for you – it’s their sole job, in your relationship, to make your money work the best it can for you, and that’s pretty powerful.

They’re well-connected

Getting anywhere in life comes down to hard work, but we know that, in some measure, it can also be about who you know. A financial adviser knows the people, and institutions, that you need to leverage to get ahead financially. Whether it’s hunting out the best mortgage rates possible, or negotiating an insurance package that ticks all your boxes and covers your unique situation, a financial adviser can work their contacts and use their relationship clout to get you the best deals and return on your investment.

Financial advisers speak the language

Have you ever sat in a financial negotiation and felt out of your depth? Or tried to work through the legalese surrounding your mortgage, or many different insurance policies, and had Google open to make sure you’re understanding exactly what you are reading? It’s in these situations that a good financial adviser can help. Think of them as a master translator – speaking the native language of the financial institutions you need to deal with, while also being able to relate to you and your vision for your empire.

This isn’t about putting your fate in anyone else’s hands, or needing someone to dumb it down, but there is huge value in someone with their level of knowledge being able to filter the information and relay how things apply specifically to your situation. When it comes to mortgages specifically, the goalposts are always changing, however an expert will understand the rules to an extent that they can help you play the game and, ultimately, win!

Helping you make money magic happen

When it comes to anything in life, it’s all about working with what you’ve got. However, if your idea of saving is squirreling spare cash away under your mattress, you’re missing out on opportunities to maximise your money and really make it work for you. A financial adviser has a broad view of the financial landscape; they know all the options available and can help you to make the most of your situation.

We all know that there are good investments and not-so-good investments, but navigating which are which can be a minefield. In fact, suffice to say, understanding the ins and outs of rates, risks and terms can be pretty well a full-time job in itself, so it makes sense to call in the expertise of people for whom it is their full-time job.  A trusted financial adviser that can see the big picture and knows what you are ultimately wanting to achieve will be able to unlock doors that help you get to where you’re going faster.

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