Why Smart Advice Matters

The value of investments and pensions and the income they produce can fall as well as rise. You may get back less than you invested.

What can an adviser do for you that you can’t do for yourself, and how much difference will they actually make to your savings and investments?

How often have you heard that heart-sinking phrase “If I were you…” and immediately decided to ignore it? Friends and family are happy to dole out advice – not all of it smart!

When it comes to your finances, who do you know who is in exactly the same financial situation as you? Each of us earns different amounts, owns different things and has their weaknesses, strengths and goals. Nor do we necessarily want to disclose any of it to friends or acquaintances.

That’s why it can be useful to have an adviser who you can talk to in confidence. Old Mutual Wealth research* into long-term savings found that seeing an adviser regularly and having an income target in mind can result in a 53% increase in retirement income versus those who sought no financial advice.

The study also showed that those who took no financial advice had an average annual retirement income of £18,138. It rose to £24,794 with financial advice –and £27,736 with a target and financial advice.

Advice needs to take into account what is important to you and help you plan to retire when you want, with the lifestyle you want. Here are some of the benefits of discussing your finances with an adviser:

  • Impartiality. You can gain an impartial third-party review of your situation. Your adviser is not emotionally involved in your family situation and can provide a fresh perspective.
  • Expertise. An adviser will have expert knowledge and be able to guide you to make an informed choice.
  • Experience. He or she will often have tax and trust knowledge that can help optimise your financial position. For example, divorce, separation, legacies and trusts all have tax implications which will need to be taken into account.
  • Reviews. Regular reviews are needed to ensure you are on target to reach your financial objectives. Your adviser will establish a timetable for these.
  • Perspective. Investment markets can be volatile in the short term. A financial adviser will provide perspective and guidance as to when to rebalance a portfolio. This helps to overcome the short-term risk of panicking when markets fall and selling at the wrong time.
  • Suitability. An independent review of the whole of the financial market will ensure you have the right financial products to meet your needs.
  • Goals. Measurable goals which will take you towards your financial ambitions – in terms of timescale, appetite for risk and family protection.

Convinced? Have a chat with by calling 020 3463 8836 or contact us now

I want a FREE consultation

*Old Mutual Wealth, Redefining Retirement 2015.

Ablestoke Financial Planning LLP is an appointed representative of Intrinsic Mortgage Planning Ltd and Intrinsic Financial Planning Ltd who are authorised and regulated by the Financial Conduct Authority. The Company Registration Number is: OC367708 and Place of Registration is: England. the Company Registered Address is: Admirals Offices Main Gate Road, The Historic Dockyard, Chatham, Kent ME4 4TZ.
The term partner is used to refer to a member of Ablestoke Financial Planning LLP

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