17 Dec 2021

Signs You Need A Financial Advisor

When you hear about money and finances, it can make you quite scared because managing your finances is tricky because of how much it can fluctuate. But believe it or not, some people aren’t too scared when it comes to dealing with money, one of which is called financial advisors. Financial advisors have extensive knowledge in financial management and can offer their expertise as a piece of advice for you to meet your financial objectives. Many businesses hesitate to hire a financial advisor because bringing in more people to your company means they become part of your expenses. However, especially with businesses, it is more often than not that you probably need a financial advisor. If you don’t have one already and are on the fence about it, here are signs you may need a financial advisor:

Your Financial Position

With businesses, they tend to seek financial help from an advisor when they notice that their business has a lot of assets and they are performing strongly financially. This is so that they can maintain what they have and if it needs allocating, a financial advisor can look into it and suggest ways the money can be allocated so that it’s not going to waste.

You’ve Thought About Getting One Before

If you have thought about getting one then chances are, you probably need one. Usually, when the thought has crossed your mind, it’s because you’ve encountered a financial problem that you don’t know how to fix or you just need that professional pair of eyes. We’re not saying you need one if you’ve thought about it before, but, it’ll be a good idea to backtrack and revisit that thought to see if you do need one or not.

Are We On The Same Page?

Especially if you are working at a bigger company and there is an executive team, being on the same financial page is important. Any misinterpretation or miscommunications with money can cause a domino effect and weaken the company’s financial performance. If you find that you are frequently having conflicts with the business's finances then it might be a good idea to have a financial advisor act as the mediator.

Your Business Is At The Transitioning Stage

Every growth stage has a decline and a mature stage after it. To make sure that your growth stage is maintained for as long as possible, you need to be able to manage your finances properly and effectively.

Taking A Detour?

If you have found yourself straying away from your original vision and direction, having a financial advisor there will help you as they will immediately point it out for you and steer you back in the right direction.

Be Confident

It’s hard to say you are confident in managing your business’ finances, but fortunately, some people can say that for you. With the help of experts like GJ Private Wealth, we can help you by stringing together the steps to achieving your financial goals. So if you are looking for a financial adviser based in Sutherland Shire, GJ Private Health can assist. We also offer other financial services like financial planning. 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