1.   Assistance with starting a financial plan

Starting with a financial plan can be overwhelming.

Factors to consider, for example:

• Need for insurance and medical aid
• Investment products and their tax implications
• Which funds to choose based on your risk profile
• Definitions of benefits and the practical implications thereof

Your financial adviser will be able to provide guidance while considering your priorities, affordability and tax situation.

2.   Keeping your financial plan on track

Life events will impact your budget, goals and priorities.

Your financial adviser will amend your plan where necessary to ensure that you still achieve your goals.

3.   Managing your plan

Financial advisers do more than just sell products. They are committed to on-going service.

Your financial adviser will ensure that your solutions (products) will be appropriate to address the objectives of your financial plan. 

4.   Saves you time and stress

You have a lot on your plate when it comes to balancing your work, family and health.

The additional burden of managing your financial plan can be time consuming and cause anxiety.

Your financial planner is obligated by the General Code of Conduct for Authorised Financial Service Providers to “render financial services honestly, fairly, with due skill, care and diligence, and in the interests of the clients…”.

This obligation means that you can spend more of your time on other aspects of your life and have certainty regarding your financial plan.

5.   Provide emotional support

People are emotionally triggered by financial uncertainty.

Your financial adviser will listen to your doubt and fears, educate you and provide practical long-term solutions.

6.   Personalised solutions

Everyone is different. There is no one-size-fits-all when it comes to financial planning.

Your adviser will apply his specialised knowledge and experience to structure an unique financial plan that is tailored to your needs.

7.   Making sense of the noise

Many people suffer from analysis paralysis when it comes to choosing the right insurance, investment, medical aid or any other financial products.

Your adviser will take your specific needs and circumstances into account and provides the best solution for you.

8.   Improve investment results

People often behave irrationally with their investments. This can be attributed to psychological biases that people have and use to base their financial decisions.

Financial Advisers are educated to have a neutral frame of mind, resulting in rational investment strategies that improve investment results and decrease risk.

9.   Ensure provision for your family

Providing for your family does not always mean just paying the bills at the end of the month.

Provisions need to be made for unplanned life events (e.g. death, disability, retrenchment, etc.).

Your financial adviser will determine the risk of these events and provide solutions that will address these risks. Your adviser can also be involved in the implementation and management of these solutions if you are no longer able to do so.

10.Efficient tax planning

Taxes can have substantial impact on your financial plan.

Your financial adviser will work with your accountant and lawyer to provide you with a tax efficient financial plan.

 

These benefits are based on the service offering we provide at TVC Wealth and Health Managers.

A Financial planner is the essential element necessary for an accurate, complete and efficient financial plan.

To start planning your financial future or review your current plan, contact us to request a 30-minute meeting where we get to know each other.