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What is a financial adviser?

Throughout the various stages of your life you are likely to need a number of different financial products, a financial adviser can help you make the right decision about the best product for you at the right time.

While advice isn't free and you can always decide to adopt a "DIY" approach it becomes apparent even to the most "money savvy" individual that there is great potential value in paying for an adviser to help you especially when confronted and dealing with the most complex issues, products and situations which could have a huge impact on your and your family's wealth and happiness.

10 reasons why you should consider to use an independent financial adviser

1. To protect your loved ones

This is insurance in a number of guises and an adviser can guide you the best options to take to protect yourself and your family whether you are single, married, a parent, grandparent etc. Whatever your needs, an adviser can help ensure that any personal tragedy does not become a financial crisis.

2. To help plan your spending & saving

To secure your long term financial future you need to build some assets. By planning your spending you can then move on to planning your saving so as to build your wealth as efficiently as possible.

3. To help you plan your retiremnet

Once your short term saving needs have been met you can then begin to plan your longer term goals. It is well chronicled that there are many different and complex options within pension/retirement planning.

4. Inheritance Tax (IHT) & Estate Planning

The current threshold of £325,000 for an estate to have no inheritance tax to pay will remain in situ until 2017, this includes properties, investments, cars, shares, cash and valuables such as jewellery. Anything above £325,000 is taxed at 40% including gifts made within seven years of death. Our IFAs will be able to advise you now (and after 2017) on how to best minimise the tax an estate will have to pay.

5. To find a genuinely objective product assessment

Investors always have and always will be subjected to massive hype and claims about how a provider's product will, for instance, provide the best return at the lowest risk – however the charging and fees are often not so clear and may even be detrimental to your goals. A financial adviser knows how the various markets, products and assets work and is well positioned to advise you on the pros and cons of each offering thereby enabling & helping you make a considered decision which is right for you and or your family.

6. To find & retain the right mix of assets

The secret to successful investment is to protect the potential downsides as well as proactively targeting optimum growth opportunities. Inevitably risk and reward are closely aligned – just what percentage of your invested capital are you prepared to put at risk so as to obtain the potential reward? A financial adviser will, via a comprehensive and detailed process, ascertain your personal attitude to risk prior to making any recommendations, they will also ensure that you spread any potential risk via diversification of providers, asset classes and individual funds.

7. To help your dreams come true

As your life develops then so do your assets, income and wealth. You may now be looking at lifestyle, life enhancing opportunities such as holiday homes, a luxury car or boat, a bigger house, paying school fees or early retirement. A financial adviser will help you formulate the best plan for what you can realistically achieve.

8. Tax planning & saving money

Once (as per point 6) you have the right mix of assets it is now time to review your current and potential tax situation. This for example could well include income tax, ISAs, pension and capital gains. However if you have a more complex situation then it may be prudent to move assets to family members including children to fully maximise personal allowances.

9. To help you stay on the straight and narrow

Financial advisers will on an ongoing basis closely monitor your investments so as to ensure abnormal events or market changes (recessions, Greek crisis, terrorist outrages) do not blow them off course. Investment performance(s) are measured and benchmarked, asset allocations are reviewed (and can be updated) as market conditions change and any gains can be consolidated as you get ever closer to your ultimate dreams and goals as per point 7.

10. Good old fashioned peace of mind

MKarkets, investments, tax planning, pensions & economics can all appear very confusing so by utilising the expertise of an experienced and knowledgeable financial adviser it enables you to pass the emphasis and responsibility to a proven industry professional with a successful track record – the money you invest in employing an adviser could be repaid many times over as well as freeing up your time to do with what you so desire.

There are two types of financial advice that you can get – independent or restricted

Independent financial advisers (IFAs) is when an adviser is "independent" and or when a firm advertises that it gives "independent advice" – this means that it is able to advise and sell products from any provider right across the market. Therefore you should get the very best advice and products tailored just for you.

Restricted advisers in contrast and as the name suggests, are advisers and or firms that can only recommend certain products or product providers to you. It is important that you determine why an adviser is restricted – not always an easy task – some are restricted by products they advise on (not always bad) and some by provider (often bad, as other providers may have better deals).


Contact Us

Regis Bentley Ltd
Latimer House, 5-7 Cumberland Place,
Southampton, SO15 2BH

Office number: 02380 171070

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