Financial advisors play a crucial role in helping individuals plan for their long-term financial goals and secure their financial future. However, it's essential to find an advisor who offers balanced advice that is in your best interests. So, how do you recognize such advice? Here are a few key factors to consider.

Firstly, look for advisors with the right qualifications. In South Africa, top financial advisors often hold postgraduate qualifications, such as the Postgraduate Diploma in Financial Planning, and are certified financial planners (CFP). These qualifications indicate their expertise and commitment to professional standards.

Next, consider the advisor's compensation model. Ideally, you want an advisor who is focused on providing objective advice rather than simply selling financial products. Fee-based advisors, who charge directly for their services, are often the best choice.

Furthermore, a structured process is essential for improving financial wellness. This involves steps such as getting acquainted, understanding your financial fundamentals, and creating a plan to achieve your long-term goals. A good financial advisor will guide you through each of these steps, ensuring nothing is overlooked.

Remember, wealth isn't a requirement to benefit from the advice of a financial advisor. Seek referrals from trusted sources and consider working with a fee-only advisor who is a fiduciary, placing your interests ahead of their own. By finding a balanced financial advisor, you can receive tailored advice that assists you in meeting your financial goals with confidence.