Tag: Financial Planner

5 Steps To Ensure You Choose The Right Investment Or Financial Planner

5 Steps To Ensure You Choose The Right Investment Or Financial Planner

March 22, 2022 Business Advice

As you have built and continue to run your business, we are sure you have sought advice and guidance from many professionals relating to your business and its finances such as your accountant or commercial lawyer. That same principle applies when it is your personal finances that are being considered and this is where you may wish to meet with investors or financial planners.

To clarify the difference is not easy as the two roles often overlap and you will even find two people advising on the same financial matters, with the first company designating them as a financial planner, and the second company calling theirs an investment planner.

In most cases, an investment planner is someone who, unsurprisingly, is an expert on investments, and a financial planner is an expert in several areas of personal finance, including investment planning. However, regardless of their job title, when choosing a financial or investment planner process of making the correct choice is identical in each case. For brevity and clarity, we will use the term ‘financial planner’ to represent both.

Aspects of Business

12 Aspects of Business a Financial Planner Looks at

February 23, 2017 Finance Advice

According to experts Andep, correct financial planning is an essential part of conducting business successfully. If you are considering purchasing a business or starting up one from scratch, having a financial advisor will be a great help and can save you a lot of money. If you are new to business, you might be wondering exactly what role a financial planner would play in your business.

Here are some of the aspects of business a financial expert would look at to help you: –

  • Income protection
  • Identifying business goals and aims
  • Business debt management
  • Risk management – insurance
  • Long term planning for expansion and growth
  • Investment strategies to maximise income
  • Managing tax to maximise deductions
  • Wills and trusts for when you sell the business
  • Asset protection
  • Estate planning
  • The financial planner may also work with other professionals such as accountants or lawyers.

They don’t just fix up your finances and then leave. Working with a financial planner is a long term thing as circumstances and rules tend to change over time. This means that what was once a good plan may need to be tweaked or changed completely in order to continue as a plan that is successful. It takes time to review the strategies and work out if they are still right for your business and then if they are not, to advise of and implement different strategies that meet your goals better.