For most mum and dad investors there is little understanding of the differences between financial planning versus wealth creation advice. Many firms will offer wealth creation advice as part of their suite of financial planning services and so it is little surprise that the two are often convoluted.

2. For most mum and dad investors there is little
understanding of the differences between financial
planning versus wealth creation advice. Many firms
will offer wealth creation advice as part of their
suite of financial planning services and so it is little
surprise that the two are often convoluted.
More info on:
http://www.chaseedwards.com.au/

3. Wealth creation advice deals
with accumulating, preserving
and building up your wealth
whereas financial planning is
more concerned with creating
and executing an investment
strategy on the basis of
financial goals. One sporting
analogy describes financial
planning as the coach and
wealth creation as the players.
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http://www.chaseedwards.com.au/

4. In this way, financial planning provides the
blueprint for your future investment strategies and
the disciplined approach to stick with. It could be
argued that financial planning calls for a more
passive approach to managing your investments to
ensure life’s biggest financial burdens.More info on:
http://www.chaseedwards.com.au/

5. Wealth creation tips
Investment property, shares,
bonds, superannuation and
managed funds all represent
proven strategies for wealth
creation. In order to utilise
these tools to your advantage it
is important to define your
investment goals according to
financial priorities.
More info on:
http://www.chaseedwards.com.au/

6. Specialist wealth generation advice will reveal avenues
for achieving your investment strategy balanced against
your current level of savings or lending potential.
Effective wealth creation advice will take a long-term
view on your finances and should recommend a
diversified portfolio of investments.
More info on:
http://www.chaseedwards.com.au/

7. Professional advice isn’t
always complicated though.
Simple wealth creation
strategies such as mortgage
reduction or compounding
retirement/superannuation
savings are amongst some of
the most effective yet
overlooked means to generate
wealth.
More info on:
http://www.chaseedwards.com.au/

8. Financial Planning
In defining your needs a
financial planner will take
into consideration seven
factors: investments,
managing debt, taxation,
superannuation, protecting
existing finances, social
security and budgeting.
More info on:
http://www.chaseedwards.com.au/

9. As with wealth creation, it is vital that flexibility is
built in to your financial plan to ensure that your
investment strategy is nimble enough to meet the
requirements of a changing market. It is important to
remember that some financial planners may be
operating on commissions.
More info on:
http://www.chaseedwards.com.au/