Financial Planning Week – Value of Financial Planning

Financial stability and security are essential aspects of a fulfilling life. They provide the foundation upon which we can pursue our dreams, protect our loved ones, and navigate life’s uncertainties. Recognizing the significance of sound financial planning, the Financial Planning Association of Australia (FAAA) and its members come together each year to celebrate Financial Planning Week. This week-long celebration culminates in the global observance of World Financial Planning Day on October 4th.

To celebrate the Financial Planning Week 2023, Financial Planning Standards Board (FPSB) has commissioned the FPSB Value of Financial Planning Research 2023 to highlight and promote the value of financial advice for consumers. This research looks at how financial planning can make a difference in people’s lives, not just in money but also in their overall happiness, confidence in handling money, and satisfaction. It also clears up any misunderstandings about financial planning and looks at what the future holds for this profession.

According to the FPSB research, top 5 benefits of working with a financial planner reported by clients were:

  1. Better financial decision-making confidence
  2. Improved financial wellbeing and peace of mind
  3. Saves time and effort organising finances
  4. Help to explain and simplify financial matters
  5. Feel more satisfied with their wealth

This research reaffirms the significant impact that financial planning can have on your financial future.

If you would like to learn more about the research, here is the snapshot of their findings:

FP WEEK 2023_Research_Infographic

As always, we are here to support you on your path to financial wellness.

If you have any questions or need guidance, don’t hesitate to reach out to our team of financial advisers.