{"id":264919,"date":"2025-11-03T06:58:57","date_gmt":"2025-11-03T07:58:57","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=264919"},"modified":"2025-11-04T08:02:43","modified_gmt":"2025-11-04T08:02:43","slug":"heres-why-you-need-a-financial-adviser","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/heres-why-you-need-a-financial-adviser\/","title":{"rendered":"Here\u2019s why you need a financial adviser"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

<\/span>If you were to ask ten people where they get their <\/span>financial<\/span> <\/span>advice, chances are you\u2019d hear ten very different answers. From a friend at work who \u201cknows about investing\u201d, to a cousin who once made money trading crypto, to the endless stream of \u201cfinance<\/span> <\/span>hacks\u201d on social media, it can feel like <\/span>everyone <\/span><\/i>has an opinion about your money.<\/p>\n

But here\u2019s the reality: very few South Africans are actually seeking advice from the people trained to give it. According to the recent Momentum Group BMR household <\/span>finance<\/span> <\/span>survey, only 9% of South African households use a professional <\/span>financial<\/span> <\/span>adviser.<\/p>\n

The vast majority either rely on their own knowledge and experience (77%) or turn to family and friends (12%). This means 91% of households are navigating one of life\u2019s most important areas \u2013 money \u2013 without professional guidance.<\/p>\n

And it\u2019s costing them. Momentum\u2019s research shows that households working with a certified adviser have, on average, 9.5 times more in investments than those who don\u2019t. So why are so many people hesitant to seek <\/span>financial<\/span> <\/span>advice?<\/p>\n

 Here are some of the most common misconceptions  \u2013 and why they don\u2019t hold up.<\/p>\n

Misconception 1: \u201cI can find all the information I need online”. <\/strong><\/p>\n

There\u2019s no shortage of <\/span>financial<\/span> <\/span>content online. The <\/span>financial<\/span> <\/span>advice space has changed vastly with the introduction of social media, digitised <\/span>financial<\/span> <\/span>advice, and, recently, with artificial intelligence (AI). And with this touch-of-a-button access, people enter into conversations with <\/span>financial<\/span> <\/span>advisers having more knowledge than ever before.<\/p>\n

As a result, what people need from a <\/span>financial<\/span> <\/span>adviser is not only more information \u2013 it is insight and advice. They are not looking to be told what to buy; they are looking for someone to help them think about what matters and how to achieve their goals.<\/p>\n

Moreover, <\/span>this shift has empowered potential clients in how they want to interact with advisers. People want to participate in the decision-making process. When you\u2019re an active participant in shaping your own life, you understand the reasoning behind each decision. Everyone wants to feel that they have some level of ownership of their <\/span>finances<\/span> <\/span>\u2013 with someone beside them who listens carefully, understands deeply, and guides wisely.<\/p>\n

It is also important to consider that, as the research shows, much of the information available online is unreliable or lacks proper context, with studies finding that up to 80% of forex and crypto-related advice on social media is misleading.<\/p>\n

This is because advice isn\u2019t just about information; it\u2019s about context, tailoring solutions to your unique circumstances, and keeping you accountable and on track. An online video can\u2019t analyse your budget, help you balance your short- and long-term goals, or stop you from making an emotional decision when markets dip.<\/p>\n

 <\/p>\n

Misconception 2: \u201cI don\u2019t earn enough to warrant a financial adviser\u201d. <\/strong><\/p>\n

Many believe that unless they\u2019re earning a six-figure salary or have millions to invest, advice isn\u2019t for them. The truth? Financial<\/span> <\/span>advice is about helping you make the best decisions with the money you have now \u2013  whatever that looks like.<\/p>\n

Whether you\u2019re starting in your career, juggling debt, or looking to buy your first home, advice can help you create a plan that fits your life and your budget. And suppose you partner with an adviser as soon as you enter the working world. In that case, you will realise the full <\/span>financial<\/span> <\/span>benefits of small monetary contributions that accumulate and compound over time.<\/p>\n

Misconception 3: \u201cI cannot trust a financial adviser with my personal information and money\u201d<\/strong>.<\/b><\/p>\n

A lack of trust is a significant barrier. South Africans often say they\u2019re reluctant to open up about money \u2013  even with professionals. But a qualified <\/span>financial<\/span> <\/span>adviser\u2019s role is not to sell products; it\u2019s to provide objective advice that is transparent and in your best interests.<\/p>\n

In fact, what clients value most in advisers is integrity: being open, honest, and focused on their needs rather than just selling products. It\u2019s understandable to feel cautious, but remember: your adviser is there to partner with you. Outstanding, trusted relationships, transparency, and clear communication are the foundation needed for building wealth.<\/p>\n

Misconception 4: \u201cFinancial advice is for those in a different life stage than me\u201d. <\/strong><\/p>\n

Another common belief is that advisers are only for people with large investment portfolios or those nearing retirement, with young professionals in their 20s and 30s often thinking they can \u2018figure it out later\u2019.<\/p>\n

In reality, <\/span>financial<\/span> <\/span>advice is most powerful when you start early. The earlier you start working with an adviser and making consistent contributions, the greater the impact will be on your long-term wealth creation and the better equipped you become to navigate life\u2019s milestones and curveballs.<\/p>\n

You are the expert when it comes to your own life and your family. The right financial adviser acts as a guide, coach, and mentor, helping you build and protect your financial dreams along your unique journey, whatever your income level or life stage.<\/p>\n

At the end of the day, it doesn\u2019t matter whether you\u2019re just starting in your career or preparing for retirement \u2013 <\/span>financial<\/span> <\/span>advice can have a profound impact on your future success and your ability to make your goals a reality. Much like checking your tyres before a long road trip, the right adviser helps you prepare before you embark on the next stage of your life journey. It\u2019s about setting yourself up to travel further, with greater confidence, and knowing you have someone in your corner to keep you on track.<\/p>\n

* Minnie is the CEO at Consult by Momentum.<\/em><\/p>\n

PERSONAL FINANCE<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

If you were to ask ten people where they get their\u00a0financial\u00a0advice, chances are you\u2019d hear ten very different answers. From a friend at work who \u201cknows about investing\u201d, to a cousin who once made money trading crypto, to the endless stream of \u201cfinance\u00a0hacks\u201d on social media, it can feel like\u00a0everyone\u00a0has an opinion about your money.But here\u2019s the reality: very few South Africans are actually seeking advice from the people trained to give it. According to the recent Momentum Group BMR household\u00a0finance\u00a0survey, only 9% of South African households use a professional\u00a0financial\u00a0adviser.The vast majority either rely on their own knowledge and experience (77%) or turn to family and friends (12%). This means 91% of households are navigating one of life\u2019s most important areas \u2013 money \u2013 without professional guidance.And it\u2019s costing them. Momentum\u2019s research shows that households working with a certified adviser have, on average, 9.5 times more in investments than those who don\u2019t. So why are so many people hesitant to seek\u00a0financial\u00a0advice?\u00a0Here are some of the most common misconceptions \u00a0\u2013 and why they don\u2019t hold up.Misconception 1: \u201cI can find all the information I need online”.\u00a0There\u2019s no shortage of\u00a0financial\u00a0content online. The\u00a0financial\u00a0advice space has changed vastly with the introduction of social media, digitised\u00a0financial\u00a0advice, and, recently, with artificial intelligence (AI). And with this touch-of-a-button access, people enter into conversations with\u00a0financial\u00a0advisers having more knowledge than ever before.As a result, what people need from a\u00a0financial\u00a0adviser is not only more information \u2013 it is insight and advice. They are not looking to be told what to buy; they are looking for someone to help them think about what matters and how to achieve their goals.Moreover,\u00a0this shift has empowered potential clients in how they want to interact with advisers. People want to participate in the decision-making process. When you\u2019re an active participant in shaping your own life, you understand the reasoning behind each decision. Everyone wants to feel that they have some level of ownership of their\u00a0finances\u00a0\u2013 with someone beside them who listens carefully, understands deeply, and guides wisely.It is also important to consider that, as the research shows, much of the information available online is unreliable or lacks proper context, with studies finding that up to 80% of forex and crypto-related advice on social media is misleading.This is because advice isn\u2019t just about information; it\u2019s about context, tailoring solutions to your unique circumstances, and keeping you accountable and on track. An online video can\u2019t analyse your budget, help you balance your short- and long-term goals, or stop you from making an emotional decision when markets dip.\u00a0Misconception 2: \u201cI don\u2019t earn enough to warrant a financial adviser\u201d. Many believe that unless they\u2019re earning a six-figure salary or have millions to invest, advice isn\u2019t for them. The truth? Financial\u00a0advice is about helping you make the best decisions with the money you have now \u2013\u00a0 whatever that looks like.Whether you\u2019re starting in your career, juggling debt, or looking to buy your first home, advice can help you create a plan that fits your life and your budget. And suppose you partner with an adviser as soon as you enter the working world. In that case, you will realise the full\u00a0financial\u00a0benefits of small monetary contributions that accumulate and compound over time.Misconception 3: \u201cI cannot trust a financial adviser with my personal information and money\u201d.A lack of trust is a significant barrier. South Africans often say they\u2019re reluctant to open up about money \u2013 \u00a0even with professionals. But a qualified\u00a0financial\u00a0adviser\u2019s role is not to sell products; it\u2019s to provide objective advice that is transparent and in your best interests.In fact, what clients value most in advisers is integrity: being open, honest, and focused on their needs rather than just selling products. It\u2019s understandable to feel cautious, but remember: your adviser is there to partner with you. Outstanding, trusted relationships, transparency, and clear communication are the foundation needed for building wealth.Misconception 4: \u201cFinancial\u00a0advice is for those in a different life stage than me\u201d. Another common belief is that advisers are only for people with large investment portfolios or those nearing retirement, with young professionals in their 20s and 30s often thinking they can \u2018figure it out later\u2019.In reality,\u00a0financial\u00a0advice is most powerful when you start early. The earlier you start working with an adviser and making consistent contributions, the greater the impact will be on your long-term wealth creation and the better equipped you become to navigate life\u2019s milestones and curveballs.You are the expert when it comes to your own life and your family. The right financial adviser acts as a guide, coach, and mentor, helping you build and protect your financial dreams along your unique journey, whatever your income level or life stage.At the end of the day, it doesn\u2019t matter whether you\u2019re just starting in your career or preparing for retirement \u2013\u00a0financial\u00a0advice can have a profound impact on your future success and your ability to make your goals a reality. Much like checking your tyres before a long road trip, the right adviser helps you prepare before you embark on the next stage of your life journey. It\u2019s about setting yourself up to travel further, with greater confidence, and knowing you have someone in your corner to keep you on track.* Minnie is the CEO at Consult by Momentum.PERSONAL FINANCE<\/p>","protected":false},"author":1,"featured_media":17217,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-264919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/264919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=264919"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/264919\/revisions"}],"predecessor-version":[{"id":264920,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/264919\/revisions\/264920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/17217"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=264919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=264919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=264919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}