Just because you can do something yourself, doesn’t mean that you should! We outline the numerous benefits to expats in Asia of working with a financial adviser.
Do I really need a financial adviser?
In the digital age, we have access to a wealth of information at our fingertips. Numerous resources, apps, and online tools claim to streamline the process of financial planning and it’s tempting to believe that we can handle the task on our own.
However, financial planning is far more complex than it appears, and the guidance of a professional financial adviser is indispensable. In this blog post, we explore the benefits of having a financial adviser and explain why their expertise can make a world of difference in securing your financial future.
Five benefits of working with a financial adviser
- A financial adviser will give you tailored, personalised advice
One of the significant advantages of having a financial adviser is receiving personalised advice that aligns with your unique financial goals, risk tolerance, and life circumstances. Unlike generic online tools, an adviser will take the time to understand your specific situation and create a comprehensive financial plan that caters to your needs and aspirations. This individualised approach means that you get bespoke solutions to navigate through important financial milestones such as planning for retirement or funding your children’s education.
- A financial adviser has professional expertise and knowledge
All good financial advisers will have experience and an in-depth understanding of the complexities of financial planning, but Infinity’s advisers are also well-versed in the specific cross-border challenges faced by expatriates living in Asia. Trying to navigate this complex landscape on your own can be overwhelming and lead to costly mistakes. A skilled adviser can help you make informed decisions that are based on your current circumstances, your future plans (such as repatriation, sending your child to university abroad etc.) and the products available to you.
- A financial adviser brings a long-term vision and accountability
Financial planning is not a one-time event; it’s a continuous process that evolves as your life changes. A financial adviser will help you set long-term financial goals and build a roadmap to achieve them. Additionally, they will act as your financial coach, holding you accountable for sticking to the plan and making adjustments as needed. This level of ongoing support and guidance is invaluable in maintaining financial discipline and resilience.
- A financial adviser helps you manage risk
Investing without a clear understanding of risk management can expose your hard-earned money to unnecessary dangers. Infinity’s financial advisers carry out risk profiling as standard, using sophisticated software. They will then help you to build a diversified portfolio that aligns with your risk appetite and financial goals. They can propose strategies to protect your investments from market fluctuations and advise on how to minimise potential risk. Without their expertise, you might fall prey to emotional decisions, leading to impulsive investment choices.
- A financial adviser will save you time and stress
Managing your finances can be time-consuming, especially if you lack the necessary knowledge and experience. By hiring a financial adviser, you can offload the burden of financial decision-making, allowing you to focus on other priorities in your life. Moreover, knowing that your finances are in capable hands can significantly reduce stress and anxiety related to money matters and give you peace of mind that you are on track to achieve your financial goals.
In conclusion, while it is great to take an active interest in your financial well-being and be proactive in planning for your future, the complexities and intricacies of financial planning mean that the majority of people will reap the benefits of working with a qualified financial adviser. Their tailored advice, professional expertise, and long-term support can make all the difference to your future financial success.
If you want the peace of mind of knowing that your finances are in capable hands, book a no-obligation initial consultation today!
A leading provider of expat financial services and wealth management services across Asia.