10 Dec 2021

What Does A Financial Advisor Do?

It’s funny because when we think about financial advisors, we usually associate them with businesses. But the point of the matter is if you have money regardless of how big or small, a financial advisor can help you. A lot of individuals feel like an advisor is not necessary for their personal use because it's just simple budgeting to make sure you’re not going broke. But how far into the future are you financially looking? Do you know where your money is going when you’re working? Here are a few things financial advisors can assist you with.

Who Are Financial Advisors?

First, who are financial advisors? Financial advisors are financial experts who can observe, evaluate and offer recommendations for you to meet your financial goals.  They basically do anything within the money realm from savings to investments to even retirements. People usually seek financial advisors when they are struggling to make do with the finances they have in their bank but that’s when it's usually too late or it's a long way to get out of the pit. So it is highly suggested that if you have a long-term financial goal you want to achieve, seek a financial advisor before it’s too late. There’s also another term that when people hear “financial advisor”, they immediately think of and that’s financial a planner. Most people intertwine the two jobs because advisors are the umbrella term for financial planners - that is, a financial planner is a financial advisor who specialises in a specific area.           

What Do Financial Advisors Do?

Ultimately, financial advisors are there to help you meet your financial goals in an effective, efficient and sustainable way. They are able to do this by helping you create a financial strategy that will detail how you can achieve your goals and help you make sure that you are able to stick through with your plan. If you are interested to improve in the following areas, consider a financial advisor:

●      Investing

●      Saving

●      Budgeting

●      Insurance

●      Retirement

●      Estate planning

●      Tax strategies


As you can probably see, financial advisors are not here to come, help you then leave. They are here to help you every step of the way in many different periods of life.

Why Are They Important?

Work Smarter Not Harder

Whether you are saving up for a holiday, planning your retirement or the end of the financial year is coming around and you need to prepare your taxes, save yourself the time and trouble of planning to hear from the professionals. Financial advisors have your best interest at heart and are able to tailor your financial plan so that what you’re doing is realistic to meet your goal.


They know the most current legislation and regulations that you will need to comply with and work around that to make sure what you're doing is suitable. If there are any financial support tools that they feel you are eligible for, they will recommend it to you which can give you some aid financially.

They Tell You If You’re On The Right Track

As we said, don’t seek professional help when you’re down in the dirt, even if you think you are doing financially well, financial advisors can tell you if what you are doing is good and if you’re on the right track to meeting your goal.

With the help of financial experts like GJ Private Wealth, we can help you achieve your financial goals. So if you are looking for a financial advisor in Sutherland Shire, GJ Private Health can do the job for you. We also offer other financial services like financial advice. To speak with our team about what we can do for you, call us on (02) 8539 7999 or visit our website https://www.gjprivatewealth.com.au/ for more information.