Ask An Adviser - Can Financial Adviser's Provide Advice, Limited Only To Super and Retirement Planning? (1)

Top answer provided by:

Matt Hale

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Hi Sando,

Thanks for your question – I think it's one a lot of people would like a concise answer for.
In short – yes – many advisers will provide advice just on superannuation & retirement planning.

The caveat around getting that advice is what moving parts are there already in your life – and whether you will likely be relying on social security (Centrelink) down the track. Most advisers will (or should) have a clear idea of what advice is their bread & butter.

I worry about when areas of someone’s financial life is scoped out of the advice – would you trust an architect who is designing a house with only half the information?
But that is just a personal opinion.

I think the most important thing you can do before looking for the right adviser is to start writing down what the ideal retirement looks like to you – based on your current situation. I think it's also valuable to think about;

1. Whether you want to deal with an adviser face to face (or via digital means)

2. What type of engagement you would like the adviser?

3. What goals are most important to you – and which goals you could conceivably trade-off (if it meant being able to achieve the non-negotiables)

When you have an initial conversation with the adviser, ask about their ideal clients, what type of personalities they work well with & what financial position their ideal clients are in. If the answers sound like you, you are probably on a winner.

Good luck!

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Article by:

Matt Hale

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