Is it worth paying for a Financial Advisor?
The worth and value of professional Financial Advice is subjective and will be different for every client.
It is easy to find a wide variety opinions, advice and products relating to financial advice and financial planning. Some financial opinion/advice is available for free and others are fee based. Financial advice can be found via family & friends, online, through various organisations and via qualified financial planning professionals.
A qualified professional Financial Advisor is legally liable for the advice they dispense. The approach is more strategic and comprehensive, taking a holistic view of your entire financial health. This highly personalised and strategic approach looks at your investments, tax planning, debt management, cash flow, insurance, retirement planning, estate planning, working with your business and more.
The qualified financial advice should be in your best interest and free of conflict remuneration.
Assigning a value to qualified financial advice will therefore factor in the highly personalised nature of the service including analysis, strategy and outcomes. The overall worth or value of financial advice is revealed over a longer period of time, rather than through instant gratification. And the value derived from the financial advice can be vastly different for every individual based on their personal wealth.