A financial adviser in Australia is a qualified professional who helps individuals and businesses make informed decisions about their financial affairs. Their role is to provide guidance across a wide range of financial matters.
FINANCIAL ADVISERS IN AUSTRALIA MAY OFFER –
- Investment Advice: Recommending investment strategies and products (e.g. shares, managed funds, ETFs) based on a client’s financial goals, risk tolerance, and time horizon.
- Superannuation Planning: Advising on superannuation contributions, fund selection, and strategies to maximise retirement savings.
- Retirement Planning: Creating plans to ensure clients can retire comfortably, including estimating future needs and income sources.
- Insurance Advice: Assessing personal and business risks and recommending appropriate life, income protection, and trauma insurance policies.
- Budgeting & Cash Flow Management: Helping clients manage their income and expenses more effectively to reach savings and investment goals.
- Tax Planning: Suggesting legal strategies to minimise tax, often in collaboration with tax professionals.
- Estate Planning: Assisting in setting up wills, powers of attorney, and other structures to manage assets after death, often in conjunction with legal experts.
Regulation & Licensing:
In Australia, financial advisors must:
- Hold an Australian Financial Services (AFS) licence or be authorised by someone who does.
- Meet education and ethical standards as required by ASIC (Australian Securities and Investments Commission) and FASEA (Financial Adviser Standards and Ethics Authority).
Important Note:
This information is general in nature. It does not consider your personal objectives, financial situation, or needs. You should seek professional advice from a licensed financial advisor before acting on any information provided.
For more information- contact@financialadvisors.com.au