Financial planners consider a client’s whole investment and financial situation and make recommendations based on a strategy designed for that specific client. Financial planners are often unfamiliar with direct property investment, though this is becoming more a part of their role as more people are investing directly in property.

A financial planner may offer advice on investments, estate planning, superannuation, taxation, asset, liability and risk management.

The following six-step process is applied by a Financial Planning Association financial planner to help determine the client’s current and future needs.

Financial planners may also provide property investment advice or may refer clients to a property investment advisor.

 

 

Activity

Financial planners are required to take a number of factors into consideration before recommending a plan to a client.

  • What are the six steps of the financial planner’s process