Let's compare the role as a financial advisor in Cardiff to that of a personal trainer. While we all know the importance of staying fit and healthy, many people fail to adhere to their fitness and health goals due to lack or insufficient discipline, time constraints, and a lack of knowledge about what to do next.
A coach is the right person to help you get back on track. Financial advisors are like a coach for your money.
A nancial advisor guides how, where, and when to invest. They can provide advice for a complete financial plan or individual investments that are part of a larger financial plan. A financial advisor in Cardiff can help you choose the right financial instrument, how much to invest and how often to review it.
Image Source: Google
Why should we have a financial advisor?
Understanding your investment goals and preparing a financial plan:
Understanding the purpose and need is an essential step in creating a financial plan. Your financial advisor in Cardiff will get to know you and your future goals. Then, he or she will create a long-term plan that fulfills those goals.
Financial advisors bring with them knowledge about the financial markets. To be a financial advisor or investment advisor, they must complete several pieces of training. Engaging a financial advisor could help you build a portfolio, set goals, and track your progress.
Laying down SMART goals
SMART goals are specific, measurable, achievable, realistic, and time-bound. You must set realistic goals in your financial plan. Keep in mind your income, expectations of return, and goals. A financial advisor can help you with this.