| BABAJIDE OKEOWO |
If you are planning on investing your hard earned money, if you are going through a particular situation like getting married, getting divorced, starting a family or you inherited a large sum of money or you recently lost your job or got a better job; it is important that you employ the services of a financial adviser. A good financial adviser is worth the expense if you are looking beyond a once-off investment, for a long-term financial plan that ensures that you and your family are financially secure well into the future.
Below are reasons you should get financial adviser today.
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You want to put a plan in place, but you have no idea where to start.
A financial adviser can help you to develop a long-term plan that meets your objectives. An independent professional can help you to shape your future commitments into realistic goals. He or she will also help you to keep on track in uncertain times. If your circumstances don’t change, your plan shouldn’t change.
When you need to choose an investment product.
Green Bond, Open Market Operations, OMO, Treasury Bills! Do these terms seem so strange to you? The trouble with today’s investment market is that there is so much choice, not least between active investments (in which an expert fund manager chooses the underlying securities) and passive investments (funds that track a market index and require no research or selection on the part of the fund manager). Different products suit different investment objectives – some have tax benefits and others have restrictions that you need to be aware of before committing your money. While researching every product available is not impossible, it can be overwhelming and time-consuming. A financial adviser will assist you in working through the options and making choices suitable for your situation.
Your circumstances have changed, or are about to change.
Are you getting married or divorced, having children, inheriting a large sum, losing your job, losing a spouse, retiring? These events introduce different financial challenges.
Managing your money during such events can be confusing, and balancing your responsibilities can be tough, adding that financial advice is crucial in navigating the questions that inevitably arise during any of these big events.
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You are changing jobs and need advice on your retirement savings.
If you are changing jobs, there is a need to preserve the retirement savings you have built up over the years. If you do not, your retirement plans are likely to suffer a setback. Not only do you land up spending the capital you have accumulated, but you also give up the future compound interest. A financial adviser can help you to stay on track and deter you from spending your retirement savings when you change jobs.
You are drowning in debt
If you are crumbling under the weight of debts, then, your first port of call should be a reputable financial adviser. If you’ve suffered a major financial setback, such as being laid off, getting a divorce, or being slapped with huge expenses, it can be much more difficult to pay off your debts with the limited or no income. This is the time to consult a financial adviser.
