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Do You Need A Finance Broker Or A Financial Planner?

Finance Broker or Financial Planner

Firstly lets clarify what each of these profession do.


A finance broker is a “go-between” who usually arranges loans for a fee (paid the lender). A finance broker deals with the lenders for you and arranges a loan for you. Some finance brokers are called “mortgage brokers”. Mortgage brokers are finance brokers who specialise in arranging home loans or investment property loans.

What is a 'Financial Planner?

A financial planner is a qualified investment professional who helps individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting up a program to help the client meet those goals. Financial planners specialize in tax planning, asset allocation, risk management, retirement and/or estate planning.

Generally, brokers and financial planners, although alike in their professional outlook, cater to different financial endeavours. This explains why when taking the plunge into the world of home loans and property investment, the challenge often lies in knowing which part to approach for help.

With this in-depth knowledge on home loans and options suitable for a range of different financial situations, it’s imperative that brokers dealing in home loans be qualified and licenced loan advisers. They would therefore be able to negotiate with lenders to arrange loans and help manage the process through to settlement.

When it comes to talking about a client’s debt structure or interest rates, for example, or the best way to set up a loan, it is really something that needs to be done by a mortgage broker who is qualified to give credit advice.

On the other hand, those who help sort through and select options for investment and insurance, with attention paid to retirement planning, estate planning and investment analysis are financial planners. Mainly they assist with anticipating and managing longstanding financial outlook.

Financial Planners take care of the long term, wealth creation strategy, equally super and life insurance and other sorts of wealth protection insurances.

Be that as it may, there are situations where the expertise of both types of financial professionals would be best. For instance, considering your broker is helping you refinance your loans in order to undertake a financial investment, a financial planner can at this level, step in to help you assess the best investment option for you.

At the end, it is your choice, depending on your situation off course-for loans, see a broker, for investment advice, a financial planner. In any case, your Broker can always refer you to a planner if you need one.

Contact us to find out how we can help you secure property or commercial finance, and we can recommend a financial planner that we trust.


*This information is not to be relied upon without speaking to your finance broker, tax agent or financial adviser.

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