Value of Financial Advice

It can be hard, when looking for a financial adviser, to know who to trust. There is a lot of Jargon in the Financial world and it can be a confusing place and it’s understandable that a lot of people just ignore their finances because they don’t understand them. Whilst understandable, this is worst thing you can do!

Financial advice can benefit everybody and gives you the chance to really get to grips with and understand your retirement planning, investments, life insurance etc. and what options you might have.

Research was conducted in July 2017, by Royal London and the International Longevity Centre – UK, which has shown that the demographic they defined as “affluent” accumulated 17% more in liquid assets and 16% more in pension savings when they worked with a financial adviser compared to not receiving any advice. You can view the report here

This shows that not only can working with a financial adviser help you understand what you have and what your options are but it is more likely to increase your wealth compared to not getting advice.

How to Find a Financial Adviser

So, you know you want financial advice but how do you choose a financial adviser?

Firstly, and most importantly, anybody who you are considering as an adviser for your investments or pensions, should be on the FCA register. The Financial Conduct Authority is the conduct regulator for 58,000 financial services firms and financial markets in the UK, and they carry out checks to ensure that anybody who wants to be a financial adviser meets the “fit and proper person” criteria. Here is our entry on the register, and you can also search the whole register from there.

Second, think of what it is you want from a financial adviser. Do you want an adviser who is going to be with you to plan ahead for your retirement, see you through the retirement plan and long into retirement? The average age of a financial adviser in the UK is in the high 50’s and they are looking to retire themselves. This gives choosing a younger financial adviser a big advantage of longevity and means you won’t have to go through the process of finding a new adviser every few years.

Lastly, give me a call. I am always happy to talk to people who are starting out on their financial planning journey and I would be more than willing to give you some initial guidance or answer some questions or concerns you may have.

To find out more about me specifically have a look at the about me page.

Please get in touch to start your financial advice journey