How a financial advisor is helpful at any age
No matter how young or how old you are, you can benefit from professional advice when it comes to managing your wealth and finances.
Unless you work within the financial industry, it’s quite possible that you’ve never had any formal education around money management.
And there are some key moments throughout your life where having guidance from a financial advisor can be extremely helpful.
Choices made in these moments can mean the difference between ‘just getting by’ and really ‘living comfortably’.
It’s not just all about retirement… there could be many opportunities throughout your life where you can build your wealth and find ways to make your money work harder for you.
Making smart financial decisions at any age, will help create success for your future self.
When you are twenty...
In your twenties you are likely to be completing study and moving into the workforce. Your first real salary is a true cause for celebration… but don’t celebrate it all away. These are the years when you can lay a strong foundation for wealth building.
Forming good saving habits in your twenties will stick with you over the years to come and even though it might sound cliched, you will eventually thank yourself for the efforts you make now.
Seeking advice about superannuation is also an important task during this decade.
Rather than defaulting to your employer’s chosen fund, take the time to research your options and commit to making small additional personal contributions, as this is a great way to invest in your future while also being a beneficial tax strategy.
If, during these years, you embark on creating your own business, it’s recommended that you seek professional advice with regards to sole trader or company business structures and their tax implications. Being your own boss comes with many more obligations than being someone else’s employee.
“A financial adviser helps turn complex financial decisions into a clear, actionable plan.”
When you are thirty…
Your thirties are often when your responsibilities step up to the next level.
Career advancement, marriage, property ownership and maybe even children will have an impact on your financial situation and you need to make sure you are prepared.
A financial advisor can help you successfully navigate all of these lifestyle changes.
For example, an advisor can help you adjust your financial strategies to include your spouse, especially when it comes to superannuation.
Or they can help with guidance around estate planning and income insurances. All of which are critical when you have a family to support and mortgage commitments.
When you are forty…
Often your forties are peak career years, where you have considerable earning power.
But these can also be financially expensive years… especially if you have children at school. Fees, extra-curricular activities and general expenses can accumulate quickly.
This is where a financial advisor can provide you with professional budgeting advice and also find tax effective strategies within investments and other wealth management activities.
Plus, these are the years when it is imperative that you have wealth protection in place.
If you were to divorce or experience other significant changes within your lifestyle, you don’t want to risk financial instability.
When you are fifty…
Reaching your fifties starts your countdown to retirement and if you haven’t engaged the services of a financial advisor in the past, then it is crucial you do so now. These are the years that you want to reduce your debt and ideally amplify your equity. You don’t want to still be paying mortgage repayments when you are on a reduced retirement income.
It’s also the time to seek sound investment advice and focus on boosting your superannuation as much as possible.
Every additional contribution you can afford during this period will make your retirement that much more enjoyable. Consider how much you need to retire and work towards that goal.
Depending on your financial position, you might also be considering moving to part-time work towards the latter half of this decade and if you are well prepared it can be a satisfying transition.
“Good advice isn’t about products — it’s about strategy, structure and long-term confidence.”
When you are sixty and beyond…
As you enter your sixties, it’s imperative that you have a solid plan for your retirement.
A financial advisor can help you understand how to manage your savings and superannuation over the coming years.
Professional advice can help minimise your stress and make sure you are well-positioned for the next phase of your life.
Reviewing your will and estate planning should be a priority.
And it’s important that you secure access to adequate funds should you need to make a decision about aged care or other services in the future.
Here at North Advisory, we pride ourselves on our commitment to your financial security. As your trusted partner, we’re with you every step of the way… protecting your wealth and providing a complete range of financial solutions. If you’d like to find out more about our financial advisor services, contact our team today.
About the author
Cayle Petritsch - Director & Wealth Advisor
Cayle Petritsch, Director and Wealth Advisor, works with our existing clients who have recognised the importance of business owners making strategic financial choices not only for their company, but for their personal finances too.
Cayle saw a great opportunity to expand North Advisory’s services into SMSF/superannuation, personal wealth management, asset protection services and other crucial personal finance facets that business owners need to consider.
His approach to wealth management allows you to receive highly personalised wealth advice. Working closely with Marius, Cayle understands the unique needs of every client, from their lifestyle and business goals to their retirement plans.
Key Takeaways
Financial Advice Is Strategic, Not Transactional
A financial adviser focuses on long-term outcomes rather than short-term decisions or individual products.
Complexity Is a Key Trigger for Advice
As income, assets or responsibilities grow, professional advice helps manage risk and improve decision-making.
A Clear Plan Builds Confidence
Having a structured financial plan provides clarity and reduces stress when navigating financial choices.
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Frequently Asked Questions
What does a financial adviser do?
A financial adviser helps you plan and manage your finances across areas such as investments, superannuation, retirement, cash flow, tax efficiency and risk management.
When should I consider engaging a financial adviser?
You may benefit from advice when your finances become more complex, your income increases, or you’re facing major life events such as retirement, investing, separation or selling a business.
Is a financial adviser only useful for wealthy individuals?
No. Financial advice can be valuable at many stages of life, particularly when you want clarity, structure and confidence around your financial decisions.
How does a financial adviser add value over time?
A financial adviser provides ongoing guidance, helps you stay disciplined, adjusts strategies as circumstances change and ensures your plan remains aligned with your goals.
What should I look for in a financial adviser?
Look for an adviser who understands your goals, explains strategies clearly, operates transparently and provides advice tailored to your personal situation.
What does a financial advisor actually help you with?
A financial advisor helps you make smarter money decisions by building a personalised plan for your goals — such as investing, retirement planning, cash flow management, and protecting your wealth — so you can feel confident about your financial future.
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4 weeks ago
Changed to this company in 2019 from former accountant and love their approach of organizing everything for me face to face with Xero set up plus being able to call as much as I need for set annual fee. They also picked up on something that was not done correctly by my former accountant and saved me $4k for this.
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Excellent company in regards to service and professionalism. Very experienced in dealing with complex matters. Highly recommended.
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