Financial Planning
Take this checklist when meeting with your financial adviser
Why meeting is important
The markets can mimic choppy seas one moment, and glass-smooth waters the next. Add to this life’s other curveballs, and it’s easy to see why it’s worth investing in a partnership with a financial adviser.
“Once you have established trust, you learn that your adviser is also your partner to help you achieve your financial goals,” says Neal Sinclair, Business Development Manager at Glacier by Sanlam.
Looking for expert advice?
Speak to a financial planner
how to prepare
Get the most out of your annual meetings by coming prepared with the right talking points and questions, like the following:
#1: My will is up to date
A lot can happen in a year. There could be a marriage, divorce, death or birth that your will and estate planning need to take into account. It’s critical to ensure your will and estate plan are updated based on any life changes that have occurred since your last meeting.
#2: My financial plan is as tax efficient as possible
Ask your financial adviser whether your existing plan is as tax efficient as it can possibly be when looking at the structures [in which your capital or income is stored or through which it is transferred].
#3: My portfolio reflects my risk appetite
It’s a myth that your appetite for risk stays exactly the same throughout your entire investing career. It can change, and if it does, your portfolio needs to change with it.
#4: I can access the best investment opportunities
Which tools does your adviser use to ensure you have access to the widest range of investment opportunities without excess cost? And how can they help you build as diverse a portfolio as possible? This kind of flexibility matters in your financial planning.
Financial planning has evolved; it used to involve picking the solution to suit the investor. Now, investors share that they need a certain outcome, and advisers need to take all the solutions available to them and blend them together to get the desired outcome.
Meeting this investor need is one of Glacier’s key benefits as an investment platform. “We have the most comprehensive range of investment solutions in the market compared to anyone else – in the product or solution itself, and in the underlying investments in which you can invest,” Neal shares.
The investment platform provides your adviser with an extensive choice of funds to select from so your needs can be put at the centre of your fund selection.
IMPORTANTLY
#5: I have peace of mind
We’re living in the information age, and that information is hitting our newsfeeds and timelines increasingly thick and fast. This means that as an investor you need to be even more cautious about how you apply that information to your decisions.
So, amid all the financial content ‘finfluencer’ posts, how do you know which stories or ‘tips’ are worth your attention … or even principally sound? This is where a financial adviser can be your partner in cutting through the noise, and there’s no better time to discuss any concerns than at your next meeting.
Ask your financial adviser about the benefits of Glacier financial solutions
Glacier Financial Solutions (Pty) Ltd is a Licensed Financial Services Provider.
Sanlam Life is a Licensed Life Insurer, Financial Services and Registered Credit Provider (NCRCP43
Liked this article?
Share on social media
Blog
Related Articles
Will you really be saving money on Black Friday?
Holiday checklist
Five tips to help you avoid financial sabotage this year-end
Get a head start with saving for your child’s education
What to know about the elephant in the room – the one you bought on credit
Tips for a financially fit year
Get creative this festive season and avoid a financial ‘hangover’ in January
How to create a budget that works
Nine essentials of a sound financial plan #FinancialPlanningMonth
Financial planning for parenting later in life
The importance of getting good advice #FinancialPlanningWeek
#Ke Dezemba: Time with family doesn’t have to break the bank. Get creative!
Do this each day to increase your happiness
How to impart financial wisdom to the next generation
9 Money lessons motherhood teaches us
Having a financial plan to prepare for your first child is important
Starting an emergency fund with a small amount is vital!
Money can't buy love, but talking about it can create happiness
What does financial freedom look like for South Africa?
Five great money moves for #womensmonth
Women and divorce: the financial implications
What parents should be teaching children about money
#SavingsMonth: How to achieve a savings mindset
Financial literacy – from toddlers to teens
Tax-free savings plans: ticking many good investment boxes
10 Ways to earn extra income after work hours
Talking about money can create happiness
7 Easy ways to maximise your Wealth Bonus
Strategies for financial milestones
30 Money moves for 30-somethings
#YouthMonth - Why loud budgeting is taking over TikTok
A consumer outlook of the SA budget
Getting real about retrenchment
Turn money moments into loving moments
Are you head over your heels or in over your head?
How financially confident is South Africa
How financially fit are you?
Costs of single motherhood
Marriage and money: Five critical factors to consider before tying the knot
Building generational wealth: Simple strategies for securing your family's financial future
9 tips to (financially) survive retrenchment
Financial commandments for when you get hitched (and ditched)
Start paying bills to yourself
Black tax - a gamble for future generations
Don’t let debt defeat you
Estate Planning: Caring for those who may not be able to care for themselves
Tax-Free Savings Accounts– A vital part of any financial plan
Get expert financial advice
Speak to us now and get advice from an accredited financial planner.
Speak to a planner