Choosing and adviser

Choosing an adviser

Not sure how to choose an adviser? It pays to choose a qualified, professional financial adviser you can trust. Here are some things to look for.

Choosing an adviser

The first step in finding the right adviser is to broadly identify your lifestyle and financial goals. Once you've done this you will know what sort of financial advice you are looking for and whether you may need specialist advice.

Check to ensure the adviser is qualified and authorised. Only employees or representatives of organisations that hold an Australian Financial Services Licence (AFSL) are able to offer financial advice. You can check whether an adviser is licensed by logging onto the Australian Securities & Investment Commission (ASIC) website. Click here to visit ASIC’s site to use this service.

Some advisers offer the initial consultation free of charge. This provides a great opportunity for you to get to know the adviser and see if they are the right fit for you in terms of their personality and expertise. A free consultation is a good chance to ask the adviser questions about their:

  • service
  • organisation
  • customers
  • experience
  • training and qualifications.

Shop around

Like buying any other service it is worthwhile shopping around to see what options are available before establishing a relationship with an adviser. Here are some tips on finding a suitable adviser.