The value of financial advice - Global Consumer Study 2023

Financial advice delivers quantitative and qualitative benefits,
according to a just-published global survey.

Commissioned by Financial Advice New Zealand with the Financial Planning Standards Board, the study found advised individuals were demonstrably better-off across a range of metrics captured in a new index.

The study presents a comparison between the personal experiences of individuals who navigate their financial journey alone, those who work with a financial planner, and specifically, those who seek advice from a CERTIFIED FINANCIAL PLANNER professional. Financial planners who attain CFP certification have committed to rigorous standards of competency, ethics, and practice in financial planning.

CFP^CM professional advised consumers reported highest levels of satisfaction globally, but New Zealanders seemed happiest of all with 100% clients of CFP^CM professionals reportedly saying they “are likely to continue the relationship with their financial planner”.

Top 5 benefits of working with a CFP^CM financial planner reported by clients

1. Better financial decision-making confidence
2. Help to simplify and explain financial matters
3. Improved financial wellbeing and peace of mind
4. Improved confidence in ability to achieve desired standard of living
5. Researching and recommending the most appropriate investment products

According to the study, clients who opt to work with a CFP^CM professional are more likely to report a higher quality of life, more likely to have greater levels of financial confidence and resilience and are more likely to be satisfied with their financial situation. For more key findings visit: Financial Advice NZ.

Meet Richard Grimes - our CERTIFIED FINANCIAL PLANNER (CFP^CM)
Richard specialises in investment advice and has been advising clients for the last 16 years. He is experienced and qualified to advise you on a wide range of NZ shares, international shares, fixed interest, and property and infrastructure investments.

Take the first step on your investment journey and book a meeting with Richard today. You can learn more about how we can help and then decide whether we are the right people to look after your hard-earned capital.