Is a financial adviser a must? | Fin24
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Is a financial adviser a must?

Jan 06 2015 13:59

A Fin24 user wants to know if it is compulsory to appoint a financial adviser when one retires. He writes:

Is it compulsory to appoint a financial adviser in the case of my retirement?

Gustav Potgieter CFP® of Aurum Trust responds:

No, but it is advisable.
A qualified financial adviser can guide you through the gauntlet of tax and other legislation and can assist you in saving or gaining thousands of rands, depending on your retirement capital.

READ: Choosing a financial adviser

A qualified financial adviser can also help you to make the right investment choices. Remember, a product provider is seldom authorised to give advice.
In layman's terms: Depending on your illness, do you go to the retailer (off the shelf) or to the doctor?

If you are serious about your money and want it to do well, speak to a financial adviser (doctor), preferably a CFP®. Otherwise, do the DIY retailer method and face the consequences yourself.

ALSO READ: Do I need a financial adviser on retirement?

Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers. Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.

investments  |  money  |  money clinic


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