The aim of Financial Planning Week is to highlight the benefits of true financial planning, so let’s start by looking at why using a professional adviser can help you achieve your goals.
Our sector is a minefield of jargon, misconceptions and myths, but if you are considering investing in your future, speak to an expert who comes recommended to establish the facts.
Do you think financial advice is only for the rich? Then you’re not alone, but it really isn’t the case.
The vast majority of firms, like Belmayne, don’t charge for an initial meeting and this is the perfect opportunity to discuss your circumstances, as well as learn more about the planning process and fees. Good financial planners will have this information available on their website too.
Goal definition
One of the most difficult parts of creating a financial plan is deciding what you want the future to look like.
An expert will work with you and explain how to shape these ideals. We can identify what needs to be considered when drawing up your aspirations, for example, the demands on your income, your lifestyle now and in the future and events that might alter the course of your financial arrangements, such as births, marriages and deaths.
We can then work together to prioritise your goals and paint a realistic picture of retirement.
Build a plan
Once we’ve established your goals, a financial planner will work out how to achieve them in a way that is acceptable to you.
We have a wealth of professional tools at our disposal to design and shape a plan that meets your requirements. An independent adviser will consider all of the options available in the UK marketplace and recommend the best course of action, based on your specific set of circumstances. This can save you considerable time.
Good planners will always try to siphon out the jargon for you and explain the proposed plan in a straightforward way. Financial matters are complicated enough without the waffle!
Take action
When retirement still feels a long way off, it is easy to put financial planning on the backburner, in the ‘I’ll do that tomorrow’ pile. Life then gets in the way and years later, nothing has happened.
As my colleagues have highlighted this week, time is your best friend when it comes to planning for the future and with your approval, we will make sure action is taken and do the majority of work on your behalf. Essentially, we make the implementation of your plan much easier.
Regular reviews
As life moves on, things change and the occasional curveball can throw us off course for a while. To keep your plan on track, regular reviews are needed.
Experts worth their salt will keep in touch with you to ensure your plan still suits the direction you are heading. If adjustments are needed, we will again do the research and present our findings for your consideration.
Ultimately, the advice process should make you feel that your financial future is safe and secure. With your plan in the hands of professionals, you can focus on living your best life now.
To find out more about the benefits of speaking to an independent financial planner or to arrange a free initial consultation with one of our experts, don’t hesitate to contact us on (01246) 298181 or email: enquiries@belmayne-ifa.com
