Aussies wanting to balance life and finances need an adviser
Around 95 per cent of Australians that have found a good balance between family responsibilities and financial wellbeing believe they’ve done so on account of financial advice, according to a new Perpetual study.
The study found that of those who had found a balance, or the ‘sweet spot’, 78 per cent said the top adviser quality was keeping their clients up to date.
Forty-five per cent of surveyed ‘sweet spotters’ said explaining what clients are invested in and why was also a top quality, and was closely followed by being able to answer questions effectively and contacting the client regularly.
Forty per cent of ‘sweet spotters’ also said advisers should be accessible when needed, and that advisers should rate their personal aspirations almost as highly as their financial goals.
Perpetual Private’s insights said, given a planner’s role is to build the wealth needed for their client to live the life they want, good advisers should spend time learning about their client’s plans for the future so they could design a tailored financial plan to get them there.
The results also showed that ‘sweet spotters’ were twice as comfortable talking to an adviser about their financial situation than other Australians (38 per cent as opposed to 18 per cent).
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