Financial security is a crucial determinant of your happiness and a stress free mind. In the fast moving busy life, we hardly get time to put the extra hours and effort to plan out our finances in the best way possible. Financial management is one of the key areas where most of us fall short of the right approach many a times. Ill management of money and finances leads to financial stress and makes you live from paycheck to paycheck. To avoid this viscous circle of financial distress, you might want to find the right way to tackle your cash flow by steadily maintaining it with a view towards future consumption. All that could be too overwhelming if you are planning to do this alone.

A financial planner can help you find the right financial strategies to alleviate these worries by taking care of your financial health. Be it superannuation advice or designing your portfolio or planning out your pension funds, you could expect a lot from a financial expert. Seeking professional help in this matter saves you the time and stress of doing the research, ensuring you are on the right track. Since a financial advice could help you in gaining better insight into the balancing act and ensure better returns, it is critical to know how to select the right financial planner. Here is a quick checklist for you to refer to.

Charges and services included

The first thing you would usually want to check is the service offerings of the financial expert or firm you choose to partner with. Do they plan for your age pension changes? In case there is a website and you do not find any fee related information, feel free to ask if there are any initial consultation charges as well. Are the charges acting as a certain fraction of AUM (assets under management) or the make money by upselling and cross selling strategies? Always compare with peers in the market to evaluate you are being offered a reasonable deal. Visit this link for more info on age pension changes.

License Requirements

A financial planner needs to be chosen if he holds a license or a certification such as Certified Financial Planner (CFP), Registered Investment Advisor (RIA) and the like. You should be aware of the certifications that are valuable in this field and ensure your partner has any of these to prove his credibility.

Is there a specialized client base?

There are specialized financial expert services too which you need to check to understand if the firm has better designed offerings that matches your needs.

Selecting the right financial planner is extremely important. He should be someone you could trust with your investments. Spend a good amount of time in researching on other aspects in addition to the above to have the right and best decisions for your finances.