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Recognising the value of good advice - Big Sky Financial Solutions

Recognising the value of good advice



Many people are unaware of the value of financial advice, thinking it an exclusive service that’s only available to wealthy investors or retirees. Others think advice is something you might ‘buy’ once in your life, like an off-the-shelf product you should have at a certain age.

In reality, financial advice is neither an exclusive service, nor should it be viewed as a one-off service. Advice is something anyone can seek at any time in their life – from the time you’ve started working to the time you stop and beyond.

In fact, advice should become a part of your life. You should view the health of your finances in the same way as you view your personal health, having regular checkups from time to time. Seeking professional advice at different stages in your life helps you set and reset realistic goals that don’t put your health, or your wealth, at risk.

Recent independent research* has shown that Australians who receive financial advice will have substantially more money in retirement. The research revealed that a 30-year-old who sought advice now would conservatively save an extra $91,000 by the time they retire, a 45-year-old would save an extra $80,000 and a 60-year-old would save $29,000 more than someone who did not engage a financial adviser.

If you’ve been thinking about seeking some advice, or you know someone – a friend or a relative – who could benefit from some realistic goal-setting that’s also realistically affordable, think no more. Book an obligation-free discussion with a qualified financial adviser.

* Independent study commissioned for the Financial Services Council in 2010 and conducted by KPMG Econtech.

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