- The amount of money that you need to save
- The types of accounts you require e.g. retirement, trust etc.
- Debt and mortgage loans
- The insurance you require e.g. life and income insurance in Australia etc.Estate planning and,
- Tax planning
Financial advisors play a stellar role in helping people become financially secure. The determine the best investments for their clients and prepare plans of action for them. In conjunction with the client, the financial advisor facilitates the setting of various personal and financial goals for the client. Thereafter, by giving the best investment advice, the advisor enables the client to make the prescribed goals a reality. Many financial advisory firms offer free initial consultations with their prospective clients. Once a client commits to a financial advisor, they specify the terms and conditions for the services they will offer. In return, the client will pay the firm a specific fee for the services rendered. In the subsequent interactions with the client, the financial advisor will touch upon a number of topics including: