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People often mistakenly believe that financial planners are mainly investment advisers, but the fact is that genuine financial planners provide a broad range of financial advice for a broad range of personal financial situations.

The following are 14 reasons or situations where you may want to seek the services of a qualified financial planner.

1. Organise & manage your finances

Many of us have complex financial lives, yet lack the time, expertise, discipline and objectivity to put our finances in order.

Unemployment in Australia rose to its highest level in five years in March as the full force of the global financial crisis hit home, prompting employers to rapidly accelerate job shedding. Unemployment rose to a seasonally adjusted 5.7% in March from 5.2% in February, its highest level since February 2004. The number of employed fell 34,700, the Australian Bureau of Statistics said. It was the biggest one-month rise in unemployment in eight years. Economists on average had expected an unemployment rate of 5.4% in March, with the number of employed down 25,000.

The Australian Government in a surprise move said it plans to back a $43bn national high speed broadband network, with investment from the private sector, after the global financial crisis decimated any hope of a single private company completing the project. The Government said it will set up a new majority-owned company to build a high speed, fibre-to-the-premises network, but said it wants investment from the private sector.

The Reserve Bank of Australia fine tuned monetary policy by cutting interest rates a further one quarter of a percentage point to a 49-year low, saying the economy is contracting, but at a slower pace than other major economies. Despite lowering its cash rate target to 3.00%, the central bank indicated a more neutral policy stance and said there are tentative signs of improvement in the world economy, including in China, Australia's largest trading partner.

The High Court Of Australia rejected a legal challenge to the government's proposed fiscal stimulus package, clearing the way for cash payments to begin. Bryan Pape, a former lawyer and university lecturer, had argued in the High Court in Canberra that plans by the government to roll out one-off cash bonuses of up to $900 each to Australian taxpayers is in breach of the constitution. The court ruled the payment of the tax bonus under the Bonus Act is "a valid law of the Commonwealth."

A financial adviser can help you make important decisions so you can maintain your financial security during this stage.

We can offer assistance with:

• minimising the tax paid on your termination payment
• maximising your government entitlements
• managing your debts, cash flow and expenses
• maintaining your insurance cover
• working out your superannuation goals

It's important to get advice today.

With your finances in order, you can plan your next move.

 1. Act now and seek advice

If you know you are going to be made redundant, seek financial advice immediately to ensure you don't miss out on any financial planning opportunities.  Talk to a financial planner before you receive your termination payment - this will allow you to minimise tax, maximise your entitlement to other benefits and ensure you avoid making any costly mistakes.  You should also start seeking new employment and organise your referees straight away.

Australia’s economic growth figures (as measured by gross domestic product, GDP) made news in March. Economic growth was weaker than expected at -0.5% for the December quarter 2008 (versus +0.1% for the September quarter). This took the annual pace of growth to just 0.3%, the lowest rate since the end of 1991 (the last recession).

Understanding redundancy and its financial implications has become more relevant than ever in 2009’s turbulent economic environment.

Q How does a SMSF work?

It works the same as a retail superannuation fund.  It accepts contributions from members, and invests and manages those contributions and subsequent earnings.  Importantly it must pass the “sole purpose test” of being set up for the sole purpose of providing retirement benefits.