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Book a FREE consultation
and receive your complimentary eBook

Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield™ FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.

The Benefits of a Financial Planner

The benefits of a financial planner

There are many benefits of a Financial Planner, but many think they are not the ideal client for a financial planner based on their position or current investments. 

Well, this article here is to help explain how everyone can benefit from a financial plan. Here are some common concerns you might hear being voiced:

“Surely financial planners are only for people who already have money?”

“I will end up spending more on the planner than what they would earn me!”

“I need to reduce my debt before I can warrant a planner.”

Though it is easy to see where people are coming from with these concerns, it is certainly not fair to say they are right.

Simply put, hiring a financial planner can be extremely beneficial to people living in all kinds of financial situations. And yes, that includes those who aren’t particularly wealthy.

Yield caters to a range of clients from those in retirement who are worried about their superfund to business owners that have a significant amount of money running through their business.

But you shouldn’t be expected to believe this sentiment without any solid reasoning. As such, below you can find 5 solid benefits of hiring a financial planner, even if you’re not wealthy. You never know, these points might just change your whole perspective on money …


The biggest obstacle in the way of you achieving higher levels of wealth has nothing to do with not having money. Instead, it is all about not having enough financial intelligence.

For example, you wouldn’t start baking an elaborate wedding cake if you didn’t have a recipe and the skills necessary to make it. Well, it’s the same with building greater wealth.

benefits of a financial plan for your pathway to wealth

You need to have the know-how and skills necessary to understand the journey to greater wealth if you ever wish to make it.

A properly managed and considered investment portfolio with the guidance of a financial planner can consider strategies that you may not have known about.

A financial planner can help you with exactly this as they can show you how others who have been in your situation have gone on to excel in their finances. Think of them as a sort of teacher for your financial education.


Not everyone wants to achieve high levels of wealth.

And that is completely fine. However, many people who are low on money also suffer from at least some degree of debt.

In some cases that debt can be minor, but annoying. And in other cases, that debt can be quite severe, and the path to getting out of that debt may seem never-ending.

Financial planners have expertise in helping to consolidate debt from a variety of sources, and to create a clear plan to help you minimise any further interest charges and pay off the debt entirely.

debt reduction through a financial plan

Of course, they will not be able to erase your debt overnight. But they will be able to help you by presenting unique solutions you might not yet have considered.


One of the greatest benefits of a financial planner is the time it can bring you.

Time is by far the most precious resource any of us have, and it is important you do not take it for granted.

Financial planners can help alleviate greater quantities of time for you, via a variety of different avenues.

As discussed already, by helping you to create a plan for achieving greater financial independence, they can help you to retire earlier and spend more quality time with children and grandchildren.

They can also save you time here and now by alleviating your need to do all accounting and personal financing yourself, which could save many hours a week.

This also provides you with the confidence and security that you know your finances are being taken care of.


Managing your finances can be a very lonely affair.

And that’s because everyone around you is in the same situation and trying to do what’s best for them and their family.

Well, if you feel like this is you, and that you are often overwhelmed by finances and trying to plan for the future, then bringing in a financial planner could give you the one thing you need most. Support.

Look at a planner as a sort of neutral, third-party support party for your finances. It can be awkward and difficult to discuss your finances with friends or family, but things are different with a planner.

They have no pre-existing opinion of you and don’t mix in your social circles. As such, you finally have someone completely neutral who is happy to help you and not judge your situation.


Perhaps the most rewarding reason for working with a financial planner is the fantastic ability they have to help you reduce stress in your life.

It is fairly well known that money is one of the biggest causes of anxiety in this day and age.

Failing to have your financial affairs in order can easily make you worried and concerned at all hours of the day, especially if things are pretty dire.

By taking a look at your finances and helping you create a set plan for reaching your financial goals, you will no doubt feel far happier and more at ease. Just by having a plan in place and knowing that someone is there in your corner to help you can massively reduce stress, allowing you to enjoy life more.


It’s worthwhile noting that, though they are highly skilled and have years of experience, a financial planner is not necessarily able to provide an immediate resolution to your financial problems.

Similarly, they cannot make you wealthy overnight.

However, what they can do is help to highlight the assets and benefits you already have, and then help you to leverage those and build better financial security over time. Be that by helping you to start investing small sums, or to build up a savings nest egg for your retirement.

Either way, the benefits they can bring really are wonderful. As such, it’s time to stop looking at financial planners as only worthwhile for the already very wealthy. Start believing in your own opportunity, hire a financial planner and find your own path today!

Important Note
Any information provided here is general advice only and does not consider your objectives, financial situation or needs. This information should not be taken as comprehensive and does not constitute legal or financial advice. You should seek legal, financial or other professional advice before relying on any content. Yield Financial Planning is not responsible to you or anyone else for any loss suffered in connection with the use of this information. Information is only current at the date initially published.

About Yield™ - Financial Planner Melbourne

Who we serve – We help time poor professionals and business owners who intuitively know they should be doing more to improve their financial position and are seeking an expert to guide them on financial planning strategies. Our clients want personalised financial planning advice and to feel empowered and confident that they can achieve a secure transition to retirement.

What we do – We gain a deep understanding of your current financial position and preferences, what you value and want to achieve. We then help you develop a highly personalised financial plan, to show you how to make your money work harder for you. Ongoing we regularly monitor and measure progress against your plan projections, to show you how you’re tracking and help you manage change to your advantage.

How we do it – We apply our proven expertise in investment markets (Shares & Property), Tax and Debt structuring, Retirement Planning, Risk management and Estate planning, to help you reorganise the way you use your money to achieve your desired outcomes.

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