The value of financial advice is measured by more than financial gain. Are you aware of the other benefits a professional financial planner can bring?
Introduction
In this edition of our fact sheets we are focusing on the value of financial advice.
This is difficult to measure but important to evaluate. Working with a financial planner can offer a host of benefits which are not exclusive to levels of financial growth.
Financial advice is the curated plan, based on your personal circumstances, given to you by a qualified and regulated individual. It is an in-depth analysis of your situation and needs and takes into account your future goals and objectives as well as your attitude to risk and capacity for loss. Advice can provide you with a better understanding of your financial situation as well as helping to build on your financial education.
It is hard to quantify the value of financial advice as different aspects hold different levels of importance for individuals but some organisations have given the value of financial advice a numerical figure. The International Longevity Centre (ILC) has found that receiving regular financial advice can boost your wealth by £47,706 in a 10-year period.
Value cannot always be given as a quantitative figure because emotions play a large role in the management of money. The trust and connection you may forge with your financial planner, as well as the peace of mind and time that they can save you, all provide value that cannot necessarily be labelled with a numerical value. Our factsheet will detail the various ways a financial planner may help you on you financial journey.
Value can be provided by:
- Bringing clarity to your financial affairs;
- Demonstrating financial freedom;
- Reducing your tax burden;
- Peace of mind by delivery of financial security;
- Control;
- Pursuit of your goals; and
- Managing investment risk.
How can we help you?
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 info@lffp.co.uk.
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.
