Bezuidenhout says inadequate planning can leave clients under immense financial stress rather than provide a leisurely retirement. "As a financial adviser, you must encourage your clients to save towards their retirement as early as possible. Preparing for retirement isn't a sprint they can start later in life. It's a marathon requiring long-term financial saving stamina."

He adds that engaging with clients regularly and gaining their trust help financial advisers craft a tailored retirement plan and adjust these strategies to align with changing life circumstances.

"I've reduced my stress levels and fortified my retirement plan through my long-term contributions to a pension fund guided by sound advice and regular check-ins with my own financial adviser. This approach helps clients avoid high-risk, detrimental financial decisions many people fall prey to when playing catch-up, such as investing in high-yield, high-risk investments, or Ponzi schemes."

Bezuidenhout says, much like retirement planning, building a trustworthy client relationship takes time. "The goal for financial advisers is to ensure that, while your clients are busy in their respective fields, they feel secure knowing that they have a professional adviser in their corner who facilitated their retirement planning early and will review their finances regularly as their life changes."

Disclaimer

Sanlam Ltd. published this content on 13 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2023 08:04:10 UTC.