In today’s hectic world, the importance of seeking expert financial advice cannot be overstated. 

Life has become so busy for most Kiwis that we tend to lose sight of where we are heading; we are on a constant treadmill of commuting to and from work, picking up and dropping off our children to school, after-school activities and then some down-time for our own hobbies. Before you know it, we start all over again when a new week begins.

This leaves little time for us to look at our finances, and whether we are creating a pathway towards a financially secure future.

Add  this to the complexities of managing finances, budgeting and setting aside some funds for our future well-being, and it comes as no surprise that only 10-15 % of Kiwis are financially prepared at the time of retirement.

This is why the advice and guidance of a professional financial adviser is not simply beneficial, but essential in creating future wealth towards the goal of achieving financial independence.

The Value Of Expert Financial Advice

A recent Financial Planning Standards Board study highlights the positive impact of that professional financial advice has on individuals’ financial well-being. The research surveyed a diverse group of New Zealanders aged 25 and over, revealing compelling insights into the value of professional financial planning.

According to the study’s findings, individuals who work with a qualified financial adviser experience greater economic security and satisfaction compared to their unadvised counterparts. Notably, close to 90% of clients working with professionals express a strong sense of financial security, highlighting the tangible benefits of professional guidance.

Quality financial advice is about more than just being smart with your money – it helps you to make informed decisions that have optimal impact on your future financial outcomes as well as help you achieve a certain peace of mind. 

Here are a few of the benefits of working with a personal financial expert in New Zealand:

Enhanced Financial Confidence. A key benefit of working with  professional financial advice is the boost in financial confidence. Advised individuals report a better understanding of financial risks, improved clarity on setting and achieving financial goals, and a greater chance of sticking with their financial plans. This confidence in turn, empowers individuals to make informed decisions and navigate financial challenges with ease.

Making important financial decisions can be stressful, as having enough money to keep you and your family happy and thriving is of primary importance. People who don’t have access to expert advice may find themselves more frustrated about money than people who do. When you have access to a skilled expert at your side, you can take action with confidence, even if you don’t have much personal experience with money matters and wealth creation. 

Tailored Financial Planning. Professional financial advisers offer personalised planning that is tailored to each client’s unique circumstances and objectives. Whether it’s retirement planning, investment strategies or wealth management, advisers leverage their expertise to develop customised plans that take into account a client’s current financial position and align with their future goals.

This is an extremely important benefit because everyone’s situation is different. What works for one person may not work for you, so generic advice that anyone could give (or that can be found online) isn’t always useful.

As the saying goes, `A little knowledge is dangerous’.

A professional adviser will analyse your specific circumstances, your lifestyle, risk profile and goals to help you find the best pathway for you. An expert can even help you think about factors that never would have crossed your mind, allowing you to make informed decisions.

Improved Financial Behaviours. Advised individuals demonstrate positive financial behaviours, including regular review of financial products, understanding of risk versus return and proactive mortgage management. These behaviours contribute to long-term financial health and stability, equipping individuals with the tools they need to achieve their financial goals.

Comprehensive Financial Wellness. Beyond financial metrics, professional financial advice encompasses holistic financial wellness, addressing not only monetary status but also crucial details such as mental health, family life and physical well-being. Advised individuals report improvements in many aspects of their lives, underscoring the holistic benefits of financial planning.

In today’s climate of cost escalation, it is common to stress about money matters. Many of us do not complain and also do not seek help. This can lead to further anxiety which can impact mental health. With a financial adviser’s advice and guidance at your side, you can stay calm and feel better about your financial status. This helps you to be more positive and less stressed, in turn leading to a happier and healthier life. 

Tips For Choosing The Right Financial Adviser In New Zealand

Selecting the right adviser is a critical step towards achieving financial success and peace of mind. Consider the following factors when choosing your trusted adviser:

  • Credentials And Experience. Look for advisers with relevant qualifications and extensive experience in the field. Look for financial advisers with a proven track record of success.
  • Client Testimonials And Reviews. Take the time to research client testimonials to gauge the satisfaction of their clients. Positive feedback and endorsements from satisfied clients are a fantastic sign that the adviser you’re considering is reliable. 
  • Communication And Accessibility. Effective communication and accessibility are key attributes of a reliable financial adviser. Choose an adviser who prioritises clear communication, listens attentively to your concerns and is readily available to address your questions and inquiries.

Finding Excellent Financial Help In New Zealand

The value of professional financial advice extends far beyond numbers, encompassing peace of mind, confidence and holistic financial well-being. By partnering with a trusted financial adviser, you can navigate complex financial landscapes with clarity, purpose and resilience, ultimately finding stability. 

If you are keen on creating a better financial future for yourself and your family, we encourage you to contact us at Home Advantage. We have helped over 1,600 Kiwi families and individuals improve their financial position with our services related to financial advice, financial/retirement planning, wealth creation and protection, residential property investment and much more.

To get in touch, all you need to do is call +64 27 522 5682 to get started on your journey towards financial independence. 

Create financial security with confidence when you work with Home Advantage.