{"id":2644,"date":"2018-08-21T11:15:20","date_gmt":"2018-08-21T04:15:20","guid":{"rendered":"https:\/\/www.infinitysolutions.com\/blog\/currency-exchange-copy\/"},"modified":"2019-09-10T16:36:49","modified_gmt":"2019-09-10T08:36:49","slug":"four-common-misconceptions-about-financial-advisers","status":"publish","type":"post","link":"https:\/\/www.infinitysolutions.com\/blog\/expatriate-financial-planning\/four-common-misconceptions-about-financial-advisers\/","title":{"rendered":"Four common misconceptions about financial advisers"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Do you think a financial adviser is not for you? Well, think again, because everyone can benefit from having a professional on side to help them make the right choices regarding health and life insurance, saving for retirement and estate planning.<\/p>\n

What exactly are your reservations about seeking assistance with your finances? Here we look at the four most common misconceptions concerning financial advisers, and the truth behind them:<\/p>\n

1. Financial advisers are for the wealthy<\/strong><\/h2>\n

This is a widespread myth and one which unfortunately prevents many people from getting their finances in order which can mean that they struggle when they retire. The truth is that you don\u2019t need a seven figure portfolio of assets to benefit from the help of a financial adviser. In fact, these days with the onus for saving for retirement firmly on the individual, we would argue that everyone should seek help in putting together a road map of investment goals and charting a path to reach them. A financial adviser has the knowledge and skills which most of us lack and can be invaluable in getting the best out of your investments and ensuring that your savings are working as hard as they possibly can.<\/p>\n

2. I can do my financial planning myself<\/strong><\/h2>\n

Of course you can but does that mean that you should? In a rapidly changing financial landscape it is often difficult to keep abreast of new products on the market and other changes which could affect your situation. Why struggle with the process when you can have a qualified professional helping you to clarify and achieve your investment goals?<\/p>\n

3. Financial advisers are untrustworthy<\/strong><\/h2>\n

It\u2019s true that the financial services industry has suffered from a lack of confidence and that many clients have experienced financial losses as a result of poor advice from unscrupulous individuals. But not all financial planners are the same. Here at Infinity we pride ourselves on our adherence to the highest standards of working practices (including regulations) and our customer-centric approach. Our advisers are trained to a high standard and undergo continuous personal and professional development.<\/p>\n

4. Financial advisers are not worth the expense<\/strong><\/h2>\n

Like all professionals, financial advisers have to earn a living somehow so obviously they do receive compensation for their advice. The important thing is that you understand exactly how they are paid. Different advisers charge in different ways but we at Infinity are transparent and open regarding our fees, usually a percentage of what is invested. A good financial adviser will, in the long run, earn you more than you pay in fees.<\/p>\n

If you\u2019ve been hesitating about consulting a financial adviser, why not make an appointment for a chat with an Infinity consultant? We would be happy to explain our working practices and payment structure in as much detail as you like and talk through any reservations you have. You\u2019ll be under no obligation to work with us so you have nothing to lose, but potentially a lot to gain. Contact us today at info@infinitysolutions.com<\/a> to arrange a meeting![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text]Do you think a financial adviser is not for you? Well, think again, because everyone can benefit from having a professional on side to help them make the right choices regarding health and life insurance, saving for retirement and estate planning. What exactly are your reservations about seeking assistance with your finances? Here we look…<\/p>\n","protected":false},"author":2,"featured_media":3588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false},"categories":[6],"tags":[],"class_list":["post-2644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-expatriate-financial-planning","category-6","description-off"],"acf":[],"yoast_head":"\n4 common misconceptions about financial advisers | Infinity Solutions<\/title>\n<meta name=\"description\" content=\"Currency Exchange in Asia - Quick, easy and cost-effective currency conversion in Asia \u2013 The best way for expats to convert to local currency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.infinitysolutions.com\/blog\/expatriate-financial-planning\/four-common-misconceptions-about-financial-advisers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 common misconceptions about financial advisers | Infinity Solutions\" \/>\n<meta property=\"og:description\" content=\"Currency Exchange in Asia - 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