Do I Need A Financial Advisor?

Do I Need A Financial Advisor?

June 13, 2022 1:36 pm Published by

The simple answer is Yes. No matter how old you might be or what your financial position might be, a financial advisor will be able to provide you with advice on how to better manage your money and how you can make your money work for you. Most people look to hire financial advisors when they are looking to invest, buy assets or when they have come into a large amount of money. The aim of a financial advisor is to provide you with professional advice in relation to your money, goals and to help you gain a greater understanding of your finances and the options available to you.

Whether it’s £10,000 or £100,000, money can quickly dwindle away when it isn’t managed correctly or invested in the right ways. You’d be surprised how many people could spend £10,000 in a week and be back to where they first started and by using a financial advisor, you could see that £10,000 stretch much further or become much more. Keep reading below to find out more about what financial advisors can help with, why you might need one and the benefits of using a financial advisor.

Do I Need A Financial Advisor?

What Can A Financial Advisor Help With?

All financial advisors are different and some only specialise in certain aspects of finance, some work with business, some work with individuals and others work with both. However, looking at financial advisors as a whole, some of the things most will cover are:

  • Savings
  • Investments
  • Mortgages
  • Estates
  • Tax
  • Retirement Planning
  • Equity Release
  • Insurance

These are just a number of things that financial advisors can cover and it’s always best to discuss with them about what your goals are and what you’re looking for in a financial advisor, to ensure they are the right fit for you.

Why Do I Need A Financial Advisor?

The whole purpose of a financial advisor is to help you make more informed decisions about your money such as what to save, what to spend it on and how you could be making more from it. Financial advisors will work with you to help gain an understanding of your current finances, what your financial goals are and what types of investments and gains you’re looking to achieve. Using the information you give them, financial advisors will be able to provide you with a financial plan that’s been tailored to your specific needs.

Do I Need A Financial Advisor?

Benefits Of Using A Financial Advisor

No matter what your reasons for considering a financial advisor might be, there are a number of benefits that using one could offer. Some of the main benefits of professional financial advice are:

  • They will help you gain a greater understanding of your current finances and what your future financial situation could look like.
  • Informed advice on investments and assets can be given, helping to ensure you get the most for your money and what you invest in, gives you the most back.
  • You’ll be able to closely monitor your short, medium and long term financial goals.
  • The ability to plan for the future such as retirement and what will happen to your estate upon your passing.

Speak With A Financial Advisor At The Lost Coin Financial Planning Ltd Today!

If you’re looking for an independent financial advisor or are considering using one, then be sure to contact The Lost Coin Financial Planning Ltd. We are an ethical and independent financial advice company that can provide advice to both individuals and businesses. Just contact us today by phone or email and we’ll be more than happy to assist you with your enquiry or answer any questions that you might have.

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