The value of advice

September 14, 2017 - Reena Patel

Whether you’re starting out in your first job or preparing for your retirement, getting on the property ladder or downsizing and releasing some equity in your home, the advantages and value of seeking financial advice are apparent across all of life’s stages.

Common triggers for seeking financial advice include:

  • • Changing jobs
  • • Starting your own business
  • • Redundancy
  • • Receiving a large sum of money (e.g. an inheritance)
  • • Getting married or divorced
  • • Protecting yourself and your family should the worst happen
  • • Saving for a rainy day
  • • Investing for your children’s future
  • • Preparing for retirement
  • • The need for long term care planning
  • • Planning for the transfer of your wealth

The list goes on, but you can see that as we progress through life, we are faced with many situations where professional advice will be required.

How advice helps

A good Independent Financial Adviser provides guidance to people of all ages and helps you stay on course to reach your short, medium and long-term goals.

An Independent Financial Adviser

Your relationship with your adviser is vital in reaching a successful plan. It’s important that you look and use an adviser that is:

  • • Qualified and authorised to advise you on all the financial planning matters you may be interested in, or at least have access to professionals within his/her organisation.
  • • Access to the whole of the market for investment, protection, mortgage and retirement solutions.
  • • Able to clearly outline their levels of expertise and the service you can expect.
  • • Effective at communicating with you, able to listen, answer your questions clearly and concisely and explain terms and conditions in a manner that you understand.
  • • Able to understand your ongoing needs and work to accommodate them within your financial strategy.
  • • Experienced in dealing with people in a similar situation to you.

Hopefully, your relationship with your Financial Adviser will become a long one, so you need to feel comfortable and confident with them on both a personal and business level.

It’s never too late to start planning your financial future

Whether it’s building, or protecting your wealth, or planning for your retirement, an Independent Financial Adviser can provide information and advice specific to your situation.

Here’s what you can expect:

An Initial meeting

  • • Your adviser will gather all of information in what is called a ‘fact find.
  • • You’ll discuss and understand your goals for the future.

After the meeting

  • • Your Financial Adviser will prepare a plan with strategies and recommendations aimed at meeting your goals.
  • • Once you agree on the plan, both you and your adviser will implement the recommendations.

Ongoing review

Your Financial Adviser will review your plan regularly to ensure that you stay focused and on track to achieve your goals, but also informed and understanding of your position.

Gain the financial confidence you deserve

Everyone is different, and your Financial Adviser will tailor a plan to meet your individual needs.  If you’re approaching a ‘trigger point’ in your life or would like to meet with a Financial Adviser to discuss your goals, please get in touch.