Do You Really Need a Financial Adviser? Here’s What to Know

When it comes to managing your money, it’s easy to feel overwhelmed. From budgeting and investing to superannuation and retirement, the decisions you make today can have a lasting impact on your future. That’s where a financial adviser comes in.

At Shore Financial Planning & Insurance, our financial planning team is here to guide you — whether you’re starting from scratch or ready to take your wealth strategy to the next level. Here are some of the most common questions we hear from clients exploring financial advice for the first time:

1. Do I really need a financial adviser?

If you’re unsure about your financial future, feel like you’re not making the most of your income, or simply don’t know where to start — then yes, a financial adviser can make a significant difference.

We help with:

• Budgeting and cash flow planning
• Superannuation and retirement strategies
• Insurance and risk protection
• Investing and wealth creation
• Tax-efficient financial structuring
• Long-term goal setting and accountability

Even if you’re financially savvy, a second set of eyes and a structured plan can help uncover opportunities and reduce risk.

2. How do I choose a trustworthy financial planner?

In Australia, financial advisers must be registered with ASIC and appear on the Financial Advisers Register. A good adviser will also:

• Be transparent about fees and services
• Offer advice tailored to your situation — not push products
• Provide a Statement of Advice (SOA) outlining your options and the reasoning behind their recommendations

At Shore Financial, we offer holistic, conflict-free advice that puts your goals at the centre of the strategy — not commissions or quotas.

3. What questions should I ask a financial adviser?

Before committing to any financial advice, ask:

• Are you licensed and registered with ASIC?
• How are you paid (fee-for-service, commission, etc.)?
• What experience do you have with clients in my situation?
• How will you help me track and review my progress?
• What’s included in the advice, and what ongoing support is available?

The right adviser will welcome these questions — and answer them clearly.

4. How much does financial advice cost in Australia?

Costs vary depending on the complexity of your situation and the type of advice provided. Generally, you might expect:

• Initial advice fees: $1,500–$5,000+
• Ongoing service packages: $2,000–$5,000+ annually

At Shore Financial, we’re fully transparent about fees — and ensure every client understands what they’re paying for and why.

In many cases, the value of the advice far exceeds the cost, especially when it helps you avoid costly mistakes or take advantage of untapped opportunities.

5. What qualifications should a financial adviser have?

In Australia, all financial advisers must:

• Have a relevant university degree (e.g. in finance, economics, or financial planning)
• Meet FASEA/FAR education standards
• Hold an Australian Financial Services Licence (AFSL) or be authorised under one
• Complete ongoing professional development (CPD)
• Be registered with ASIC’s Financial Advisers Register

Our advisers at Shore Financial meet and exceed these standards, with years of experience guiding clients at all stages of life.

Ready to take control of your finances?

Whether you’re building wealth, preparing for retirement, or just need expert guidance, our financial planners are here to help.

Let’s create a plan tailored to your goals.
Book a no-obligation consultation with our team today and take the first step toward financial clarity and confidence.