What can financial planning do for you?……….a lot more than you think!


Financial planning isn’t just reserved for the especially wealthy.  Whether we’re aware of it or not, all of us are on a financial planning journey and nearly all of us will want to make the most of our money where we can.

The ongoing impact of Covid-19 on the nation’s physical, mental and financial health has focused many people’s minds on the need for financial planning.  However, keeping a watchful eye on our financial resilience (our ability to recover quickly from unexpected financial shocks) is an exercise we should all be doing on a regular basis, rather than something we only think about in times of stress.  Whether it’s a change in our circumstances, for example on marriage or divorce or on starting a family, beginning to save for or to take retirement or investing to provide for our children’s education, financial planning can help everyone across all stages of their lives.

It’s hard to plan objectively for ourselves as our financial decisions are often driven by emotion. We might worry that we’re not making the right choices for our family or feel nervous about making choices we’re not confident about.  Nowadays, you can search for products online, but how do you know which ones will provide the right solution for you?

A good financial adviser will get to know you, your circumstances and what you’d like to achieve in terms of your financial goals.  Over time, they’ll be there for you as a trusted partner whose expertise and objectivity you can rely on.

There are lots of good reasons why you probably won’t want to conduct your own financial planning, even if you feel that you’re quite capable of doing so.  It is, after all, a time- consuming process.

There is a lot to learn and keep up to date with.  Tax and pension legislation are complicated and constantly changing, as are investments, investment products and markets.  You would have to make clear-sighted, critical decisions on your own, implement and then review them.  It’s especially hard to do in today’s exceptional circumstances, where we find ourselves in uncharted waters in terms of the economy overall and our own personal finances, which may be less certain than ever before.

It’s not easy to make such big decisions alone.  Financial advisers are equipped with the knowledge to undertake their own financial planning, but even they use colleagues to help them make sensible, objective decisions.

Learn more about independent advice below:

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