Stick to the plan in uncertain times
June 2009

A recent article in the Australian newspaper suggests that over the last year of the global financial crisis, thousands of clients have walked away from their financial adviser.

The article is based on a survey conducted by independent research group CoreData which cites financial return as the main reason that individuals had left their financial planner during the past 12 months.

Rather than increasing communication with their financial adviser to maximise saving opportunities during difficult times, many people have instead severed the relationship and exited the market.

But according to U.C.I.S Financial Adviser Quintin Buchel, going it alone is not always the best strategy to take.

“By exiting the market because of poor investment performance, you’re actually realising your losses,” said Quintin.

“Often a good strategy is to wait and see and then you’re in a position to take advantage of rapid growth that may occur when the market begins to recover.

“Of course the best strategy depends on your personal situation, but a financial adviser will help you to understand what your options are—whether it’s staying put or changing your investment strategy.

“An adviser will also help you make the most of opportunities that arise because of changes in legislation.

“For example, there are quite a few proposed changes in the 2009-10 Federal Budget, so for some people it will be important to take advantage of opportunities that are only available for a short time.

“Our planners are kept up to date as changes happen—U.C.I.S Financial Planning has access to resources from one of the largest advisory networks in Australia, Financial Services Partners.

“That alone will give you peace of mind during uncertain times, helping you to plan for a brighter future.”

For further information on any of the above or for a complete assessment of your current position and strategies for your future, contact us.