Getting your finances in order

Future Goals: Whether you are looking at travelling, investing or retiring, a financial adviser can help you put a plan together to achieve your goals. Photo: Shutterstock.
Future Goals: Whether you are looking at travelling, investing or retiring, a financial adviser can help you put a plan together to achieve your goals. Photo: Shutterstock.

When people hear the term financial advice they tend to immediately focus on savings or tax, however financial advice covers a much wider range of topics.

Achieving your financial goals can be difficult at times, and by employing the services of a financial planner, you increase your chances of achieving success. Being able to understand all the details of investment and taxation along with regulations and other legal requirements requires years of expertise.

Personalised options: A financial planner will help you set goals suited to your individual situation and monitor performance to ensure success. Photo: Shutterstock.

Personalised options: A financial planner will help you set goals suited to your individual situation and monitor performance to ensure success. Photo: Shutterstock.

Cowra’s Baillie Simpson Financial Services provides a range of financial planning services and advice for people throughout the Central West. They focus on an individual’s current position and financial goals, and assist in implementing personalised solutions to help you achieve those desired outcomes.

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Certified Financial Planner, David Simpson, said there’s often confusion about what a financial planner does and that’s because they do more than one simple thing, “It’s a combination of several steps that comprises various areas like tax, savings, insurance and investing. Some areas are larger and better known than others, but every step and every area holds importance,” he said. Baillie Simpson’s will help you understand those steps and why they happen with an advice process that will walk you through six key steps:

  • What’s important to you
  • Where are you now
  • What’s getting in your way
  • How can you improve your future
  • How much better could your future look
  • Are you on track

Baillie Simpson aren’t institutional financial planners with sales targets to meet, that means you are our focus.

David Simpson, Certified Financial Planner

Generally financial planners will do the following to help guide you. They will explain the types of financial services they provide and meet with you to discuss your financial goals. Depending on your goals they can recommend suitable investments while educating you about investment options but also potential risks.

A financial planner will help you plan for specific circumstances in your life such as having children, education or business expenses or retirement. They will also monitor your investment performance and determine if changes are needed.