Financial Planner – Who are they? How can they help you?

financial planner


A financial planner is someone you would hire to manage your personal finances for retirement or any of your financial needs.

You don’t need to be wealthy to require the use of a financial planner, in fact they actually help you to create wealth.

Identifying and implementing a strategy or a plan to help you better manage your money is their main goal.

A good financial planner will look at your current lifestyle and the lifestyle that you want in the future and apply strategy’s to get you there.


Most people get confused with the technical jargon that comes with financial planning so they end up avoiding it all together which is not a good idea!

Financial planners can take the confusion out of the situation and can show you how to save money on your mortgage.

They can also ensure you have enough money for your children’s education or that trip around the world you wanted to take.

They can help you set out a plan for your financial situation as it is now and how to get where you want to be in the future.


You can find a financial planner through recommendations or you can visit the FPA website and use their “Find a Planner” tool at

Not all financial planners are the same, if you engage a financial planner who is a member of the FPA they are required to adhere to strict rules that are beneficial to their clients.

They are required to:

  • Have a duty put their clients interests first.
  • Adhere to strict codes of conduct and ethics inline with the FPA.
  • They are accountable to the Australian Leading Professional Associates.
  • Complete training every year to keep their knowledge and skills up to date.
  • Are obligated to explain and document their fee’s and charges to you in a clear and transparent way.

Reference: Financial Planning Association of Australia

Picking the right financial planner is the most important decision, there is a loophole in the legal system that allows many different professionals to call themselves financial planners.

When choosing your financial planner ensure that they have appropriate qualifications such as a membership to the FPA and are a Certified Financial Planner.


How much should a Financial Planner cost? Is usually the next question customers ask when looking for a Financial Planner.

This can vary depending on the complexity of your situation.

An initial fee is usually charged to plan a strategy and recommendations for your future financial plan.

You may also be charged an administration fee and possibly an ongoing fee for your Financial Planner to review your plan to meet the changing economical environment.

FPA members are required to explain fee’s to their customers and ensure they understand and agree with the fee structure.


Saving and investing is all about planning for your future because it is believed that with the continual aging population living longer and longer each generation. Superannuation will not be enough for people from all walks of life to live on.

This is why there is so much emphasis being put on financial planning and thinking about saving money for retirement as we need to be prepared that we could be living much longer than anyone anticipated and that costs money!

Therefore a good financial planner will help you to stop making financial decisions based in fear and help you to plan your financial steps, so that you can move forward towards them with confidence.

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