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Nine signs you could benefit from financial planning

Even if you are unaware of it now, you may benefit from professional financial advice.


Could you benefit from financial advice? A professional financial planner could help you to define your objectives, then set a financial plan to help you achieve them.

Many people are unaware of when financial advice may be of relevance to them. Do any of the signs in this article relate to you?

The signs

1. You are unsure about your retirement and do not know if you are on track

Retirement has never been so varied. You can choose to stop work entirely, reduce your hours and gradually retire, or even pursue a career. 

Whilst there are a host of factors which have supported this change, one particular influence has been the increase in pension flexibility. With greater choices and options at retirement, there is a need for clarity to ensure you are making the right decisions. It is important for you to truly understand how to make these decisions about your retirement and to gauge whether you have enough to fund your future ambitions.

2. You are a high earner in a top tax bracket

As a high earner, you will typically have greater capacity to take advantage of savings strategies and allowances that result in lower taxes paid before or during retirement. Without a financial planner and/or other professionals guiding you through the complexity, there is a good chance you will keep paying more in taxes than you need to.

3. You know you need to take action, but keep putting it off, or struggle to stick to a strategy

Analysis paralysis can occur with too many investment decisions and a lack of confidence when it comes to money. A financial planner should work with you to provide a rational but human perspective to help you get going and keep focused.

Regular reviews with your financial planner will keep you accountable and focused on the steps you need to take. 

4. When it comes to finances, your views do not align with your partner’s

If you and your spouse/partner have drastically different ideas about money, this can lead to tension. A financial planner will act as an unbiased third party to help find solutions that may satisfy both parties.

5. You do not have the time, or desire, to learn about personal finance

Managing personal finances is often way down the list of people’s priorities. This is especially true when these decisions are unlikely to have an immediate impact on your lifestyle and could relate to goals in the distant future.

Whether it’s your personal or professional life that is keeping you busy, a financial planner will save you the most important commodity of all, time.

6. You had, or are expecting, a life changing event

Whether they are good, bad, or somewhere in between, there are certain life events that you should make allowances for in your financial plan. It could be an unexpected illness, which alters your future goals, or a windfall.

For the latter, receiving a large inheritance at once will often be the first-time many people have had to make decisions about a significant amount of money – expert guidance can be of assistance.

7. The stock market causes you to panic

How well you do over the course of your investment life is mostly defined by the small percentage of decisions made when markets fall. Financial planning should prepare you in advance as to how you will react to these situations and help ensure that you retain the peace of mind that you are in control. 

8. You are working with a financial adviser who offers advice on investments but does not address other important areas of your life

Proactive, expert financial planning should consider your circumstances, lifestyle, and future aspirations within each recommendation.

If you do not know what it is you want to achieve, it is almost impossible to know how to get there. Is ‘making a better return than my bank account’ what life is all about or should you be focusing on what a better return will enable you to do in the future?

Perhaps you should consider reviewing your existing arrangements to ensure that you’re getting the most out of professional advice if you’re receiving this.

9. You own your own business

If you are a business owner, then you will already deal with a lot of financial choices and concerns. Professional goals will often compete with personal goals and it is usually the former which takes precedence. Having a financial planner can help you to balance both areas and provide much needed attention to your personal financial plan. 

How can we help you?

Whether you are new to financial planning or looking for a change in financial planner, we can help. Our team take the time to understand your circumstances, objectives, and aspirations before making suitable recommendations.

If you would like to discuss your financial planning requirements, or if you wish to arrange an initial no cost, no obligation, consultation, then please fill out the contact form below. Alternatively, you can call 01603 706 820 or email

Important information

This article is solely for informational purposes and nothing in it is intended to constitute advice or a recommendation. 

While considerable care has been taken to ensure this information is accurate and up-to-date, no warranty is given as to its accuracy. This article constitutes a financial promotion.

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