9 Benefits Of Financial Advice.



Posted on: 8th September 2014

Life can often seem like it could have been a lot easier with the benefit of hindsight.

It’s our job at Haven IFA to make sure that life is easier full stop.

And the way that we do that is by giving our client sound financial advice. Those who have only dipped their toe into the benefits of financial advice, could find that there’s more they can do to help their future financial security if they just picked up the phone or made an appointment and asked. In a nutshell, however, here are a few of the benefits that financial advice can make to you and your family.

What can you get financial advice on:

Pensions: Having a sound financial plan will reap its rewards. It’s never too late to think about pensions if you haven’t already. For those already thinking ahead there’s always reasons to reassess and keep an eye on the nest egg. Especially the closer to retirement age we get. Those who seek financial advice are more likely to have already started their retirement plan. It will improve general savings and offer a more hands on knowledge of finances. Knowledge is power, so it’s good to be prepared. Pensions in particular will make life more comfortable for us all in our future.

Mortgages: This is often to singular biggest loan that people take out. The deal they get and how they manage it will have implications on everything from how much they can spend on holidays, to whether or not they decide to start a family and when.

Investments: As Independent Financial Advisors we can offer you unbiased and impartial advice on a whole range of savings and investments. We are well placed to answer any questions you may have on the most appropriate products for you individual needs. Things such as : Why should I invest and what is the best way to go about it?; How long should I invest for?; and What the risks are with investments? are just some of the questions you’ll want answered.

Long Term Care: It’s not something we want to think about but, meeting the cost of residential and nursing care in old age is a growing issue for many people in the UK. As life expectancy continues to lengthen, more of us can expect to require some form of long term care. The average cost of residential care in the UK is now estimated at £24,908 a year. If nursing is also required, this can rise to £34,788 a year.

Life Assurance: Sadly few people hold adequate health and life cover on themselves or loved ones. Many are competitively priced, especially life insurance. And if you have a life policy which is several years old you may be able to change your provider for a more competitive premium, or to increase the benefit for the same monthly cost. We can answer many questions. All you need is a little time.

What is the value of financial advice?

  • A positive and significant impact on financial assets.
  • Better decision-making.
  • A long term plan.
  • Preparation for life.
  • Less stress.

What do I need to do to make a better financial plan?

All you need to do initially is identify financial concerns and offer information about all your financial going on. We can help you set goals and analyse your financial situation, taking you into a hands on financial plan that you can monitor over time. Haven IFA will tailor expertise to you needs, offering good professional advise. Contact us now to talk to one of our independent financial advisors.