Top 5 Financial Advisors in Melbourne

In a recent survey by the NAB Australian Wellbeing, 40% of Australians have experienced some form of financial stress or hardship in three months, and that this is the highest number of financially stressed Australians since 2016. Not having enough money for an emergency was the most frequently cited cause of financial stress, followed by being unable to pay bills (19%), having enough for food and essentials (16%) and paying medical bills (11%).

With the pandemic hitting 2020 and many people getting laid off, financial problems are no surprise. When facing these problems, having a financial advisor by your side can be extremely helpful. If you’ve been searching the net for ‘financial advisors near me’ or ‘best financial advisors in Melbourne, then this article is for you.

What do financial advisors do?

If you have no idea what financial advisors do, they guide you in your financial planning, from expenses to savings. For example, you plan to have a certain amount of money by the time you are 40, but you do not know what to do or where to begin. Financial advisors can help you with financial planning to accomplish your goal.

You have probably thought to yourself, “is it worth paying for a financial advisor?” According to a 2017 survey, an estimated 24% of workers said they had less than $1,000 saved for retirement, an estimated 55% had less than $50,000, and only 20% had socked away $250,000 or more. Even if you have planned for it, you cannot make it to reality without the proper guidance and advice from a financial advisor.

If you want to find a financial advisor or if you want to find out how much a financial advisor costs, this list can help you find out which is, in your personal opinion, the best financial advisor in Melbourne.

Financial Advisors Near Me: Get in Touch with a Trusted Team

1. Rasiah Private Wealth Management

The Rasiah Private Wealth Management is a wealth management firm founded by Thabojan Rasiah, a highly rated financial adviser in Australia. Thabojan Rasiah entered the financial advice business in 1999 and has been recognized as one of the Top 50 Advisers in Australia by Wealth Professional in 2012 and by the Australian Financial Review of 2011 Smart Investor Masterclass. The firm has also received many awards, such as being rated as a ‘Top 10 Financial Planner in Melbourne’.

2. Financial Services Partners

Financial Services Partners is highly regarded thanks to its founder, Mark Lowe. Mark is recognized as a Certified Financial Planner practitioner, which means he is a legit financial planner designated and certified by the Certified Financial Planner Board of Standards. In 2010, he was recognized as one of the Top 50 Financial Advisers in Australia by the AFR Smart Investor Masterclass. Their services include investment planning, retirement planning, and wealth protection as well.

3. Kearney Group Financial Services

Another financial advising firm with a top-rated founder is Kearney Group Financial Services with their CEO Paul Kearney. While Paul has his own achievements, such as being part of the Securitor Financial Group’s National Advisor Committee, the firm itself has received many awards, including being rated 58 in the 2017 AFR Top 100 Accounting Firms, winner of the 2015 AFA Australian Practice of the Year, and many more.

4. Independent Wealth Planners

The Independent Wealth Planners firm prides itself in being independent. They believe that people have lost their trust in most financial planners due to unfair commissions and schemes, and they aim to bring back the people’s trust in financial planners. Its founding partner, Cameron Howlett, won numerous industry awards such as the 2015 National Investment Adviser of the Year awarded by the Independent Financial Adviser (IFA) Magazine.

5. Financial Services for Life

Financial Services for Life has been in the finance industry for more than 17 years and stands out from the rest of the firms. Their strategies are guaranteed to be based on their clients’ needs while being flexible, tax-effective, and focused on achieving their clients’ goals. What makes them different from most financial services is that they operate based on fee and not on how much money the clients invest.

We hope to have cleared your thoughts on your finding for the best financial advisors in Melbourne. So, quit you scouring the internet and searching for ‘financial advisors near me’ and start your journey to financial freedom.