The ultimate value of a product or service isn’t solely driven by cost. Being cheap doesn’t define value; quality, for one, plays a vital role. Nobody wants a cheap watch that makes you late for appointments! The same can be said in financial planning. Yes, there are monetary measures, like investment growth, but the profession and service delivers much more than the bare numbers would suggest.

However, in 2017, The International Longevity Centre conducted long-term research into the financial benefits of receiving advice. It compared those that did between 2001/2007 with an equivalent cross-section of people who didn’t. The two groups were then reassessed between 2012/2014, and the results speak for themselves:

  • The advised group accumulated, on average, £12,363 more savings
  • The advised group also had £30,882 more in pensions
  • In total, advised individuals acquired £43,245 more wealth than non-advised individuals
  • 9 out of 10 people were satisfied with the advice they received

Fundamentally, the advised group were 6.7% more likely to save and 9.7% more likely to invest in equity markets. But, as we’ve established, there are other benefits that add significant value.

Clarity and confidence

The first step in financial planning is to establish and understand your short and long-term goals. Once your aspirations have been defined, we can plan towards achieving them. Try and think of the bigger picture, five, ten or twenty years in the future:

  1. What exactly do you want to achieve?
  2. How much income do you need to support that goal or lifestyle?
  3. What level of savings do you need to maintain that expenditure?

It’s wise to avoid making an emotive decision regarding money, especially around times of political and economic uncertainty. Together, we can help you make better, rational financial decisions. Having a clear, defined plan with measurable outcomes is invaluable in building confidence.

A dedicated, full-time professional

Even if you have an understanding of markets, products and tax planning, you might not have time to manage your own finances. Frankly, you might not have the inclination.

As a leading firm of pension scheme advisors and wealth managers, we live and breathe financial planning on a daily basis. With experience and expertise across a vast range of circumstances, planning areas and legislation, continuing professional development ensure we remain at the forefront of the profession. Having a dedicated professional also means we are able to react quickly to opportunities presented and minimise the impact of potential risks, such as largely avoidable Inheritance Tax.

Peace of mind

You can’t really put a price on peace of mind. But, in our increasingly stressful and chaotic lifestyles, knowing your finances are being carefully managed can really help reduce the burden, especially during the current political and economic uncertainty.

Reduced stress lets you live in the present moment, enjoying what’s happening around you; family, friends and new experiences. By engaging with a financial adviser, you do not need to worry about the future. Together we can build a fulfilling life plan, offering guidance and reassurance along the way.

At Boolers we’ve been adding value and helping clients since 1983. If you’re worried about your financial future, or would benefit from a review of your finances, don’t hesitate to get in touch; our office number is 0116 2407070.