31 Mar 22

Financial Planning

Seven Roles of a Financial Planner: What They Do and How They Can Help

If you're looking for financial planning and advice, you may be wondering what a financial planner actually does. Financial planners wear many hats and play many roles in order to help their clients achieve their financial goals. In this article, we will discuss the seven most common roles that financial planners play in their client's lives.

The Guide

This is one of the most important roles that a financial planner plays. A financial planner can help you make sound financial decisions by providing guidance and support through life's biggest financial milestones. Most people know what they want out of life, but don’t necessarily know how to get there. Your financial planner will provide an independent plan, showing you the possible pathways to reach your goals.

The Teacher

A financial planner is also a teacher. They will teach you about financial planning and investing, so that you can make sound decisions with your money. They will also help you understand the risks and rewards associated with various types of investments, as well as teach you what drives long-term returns.

The Coach

Your financial planner will also act as a coach, helping to keep you accountable and on track. A good financial planner will ensure goal accountability and keep you on your desired path.

The Organiser

Another role that financial planners play is that of an organiser. By passing over your money matters to a good adviser you are then free to focus on what really matters to you. They will help you organise your finances, so that you can see where your money is going and how it is being used. This will include setting up a financial plan.

The Filter

A financial planner will also act as a filter, sifting through the financial noise to help you focus on what is important. With so much financial information available, it can be difficult to know what to pay attention to and what to ignore. Your financial planner will help you focus on the information that is most relevant to your financial goals and objectives

The Counsellor

A financial planner is also a financial counsellor, providing support and guidance during difficult times. Few big choices in life are simple and a good financial planner can help you cut through the noise so you can focus on what is important. They will help you stay the course when things get tough and make sure that you don’t give up on your financial goals.

The Sentinel

Lastly, financial planners play the role of sentinel, responsible for watching out for their clients' financial interests. A good financial planner is also mindful of your legacy—the welfare of your children and grandchildren and how you can keep your wealth working beyond your lifetime.

As you can see, financial planners may play many roles in their client's lives. When you decide to use the services of a financial planner, you are getting so much more than just a financial adviser. You are getting a financial coach, an organiser, a teacher and more. So, if you're looking for financial planning and advice, be sure to find a financial planner that you can trust to help you achieve your financial goals.