There is no doubt that financial planners are insanely useful no matter which stage of the product life cycle you are in. For some businesses, they’ve had a financial planner on board for a while now to help them with the growth of their business. For others, the journey with a financial planner is just getting started. Bringing someone new to the team, especially if they are going to be an external employee, can be daunting because you don’t know what to expect from them. Our team at GJ Private Wealth is here to paint you a rough picture of what you can expect working with a financial planner.

Know What They Are Offering

We’re going to assume that if you have hired a financial planner to work for your small business, you’ve done a screening and know what they are offering; if you don’t know then it’s a good idea to do that before they actually start working. By knowing what they are offering, certain expectations can be formed and you can see how they are an asset for you to meet your financial goals. Also, it just means you are playing with their strengths and maximising their potential to better your business's performance.

An Honest And Realistic Financial View

When you’re working within a company as an internal employee, you are bound to have a business for them - whether this is consciously or subconsciously. As professionals, financial planners are providing an honest service while having your business’ interest in mind, of course. They will tell you if there’s room for improvement or if there’s something your business can keep up in order to maintain your performance.

Transparent Communication

As they will be involved in your business’ information with a heavy focus on your business's finances, they will be working closely with you which means there needs to be a transparent and consistent form of communication between the two parties. Just because they are external employees, doesn’t mean they should be left alone and working by themselves as this can cause many mistakes due to miscommunications. 

Reaching Small Milestones

At first, it can be overwhelming because it feels like they're asking you to do more but trust us when we say, it’ll be worth it in the end. A financial planner’s responsibility is to help you come up with feasible financial actions to achieve your goals, and usually, what this means is they’ll give you little goals to meet before you can see the end of the tunnel. It’s hard work and requires consistency but it’s better than pulling your hair out and having to do things again because you can't reach your goals.

Need A Hand?

With the help of experts like GJ Private Wealth, we can help you by stringing together the steps to achieving your financial goals. The team at GJ Private Wealth can provide you with financial advice or financial planning services. So if you are looking for a financial adviser or planner based in Sutherland Shire, GJ Private Health can assist. To speak with our team about what we can do for you, call us on (02) 8539 7999 or contact us here.