Have you recently experienced a life-changing event or milestone, such as buying a new house, getting married, having children or retiring? You may want to hire a financial planning specialist to help you navigate these new circumstances. They can provide guidance to address your long- and short-term goals, financial protection needs, investment risk tolerance and personal values.

Financial Investment Planning Experts typically have advanced degrees and professional credentials, including Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) or Chartered Life Underwriter (CLU). They can help you develop a comprehensive financial plan that covers all aspects of your finances or guide you on specific goal(s) like retirement planning or child education planning.

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Investment planning experts can help you with tax matters and estate planning. They can advise you on how to save money by investing in financial products that are either tax-free or minimally taxed at the time of investment or redemption. They can also assist you in filing income tax returns, handling tax matters related to real estate, structuring your succession planning if you have a large portfolio and other similar issues.

It’s important to ask how a financial planning specialist will be paid for their services, whether they charge you a fee or receive commissions from their firm or a third party. You should also understand any legal or contractual obligations that could impact your ability to terminate a relationship with them.