Why do I need a financial adviser?

When you are unsure, emotional, or simply unknowledgeable about wealth management, financial advisers can be helpful. When you consider that many individuals cannot see far enough ahead to imagine, much less plan for, retirement, professional financial advisers can be beneficial. A good adviser will ask you a lot of questions – some of which may be difficult for you – to gain a complete picture of your financial goals.

What is a financial adviser?

Financial advisers, also known as financial planners, are specialists who help customers with wealth management and personal finance decisions. Financial advisers can assist you with anything from setting out a comprehensive retirement savings plan with a timeline to simply answering a query about life insurance, depending on their area of expertise.

What does a financial adviser do?

The financial adviser will put together a strategy and offer you guidance on investments, retirement planning, estate planning, tax liabilities, and your children’s university education. The depth of the adviser’s knowledge will help you with a lot of tough decisions.

Some financial advisers go further, actively helping you to buy insurance products and to invest in financial products, such as mutual funds or certificates of deposit. While not all financial advisers are licenced to trade assets such as stocks or bonds, they can help you find a broker or money manager who is. They will also help you find the right trust and estate planning lawyer or accountant to suit your needs.

When Should You Hire a Financial Adviser?

There are many reasons people hire a financial adviser or seek financial guidance, and these are all unique to the individual.

Some individuals and organisations – often advice charities – offer financial guidance. This is different to financial advice. Guidance provides you with information about the options available to you but will not recommend any choice over another. However, financial advice, informs you which specific product would best suit your needs.

It is widely advised that everyone should create a long-term financial plan that includes considerations for:

This can be difficult to manage by yourself, which is why many people opt to hire a financial adviser.

Oftentimes, a person may also seek financial advice due to a specific event. These events usually involve major losses, windfalls, or a major life event. Some common scenarios that push people to hire a financial adviser are housing changes, divorce, inheritance, and retirement.

Looking for a financial adviser?

Veracity Financial Planning offers financial planning and advice covering insurance, pensions, investments, and mortgages. Veracity FP typically works with individuals or families who have accumulated or expect to accumulate, a large value of assets together with a lifestyle that should be sufficient to last a lifetime, but not necessarily sufficient to be unconcerned with the safety and security of their assets and their lifestyle.

Please contact us now on 0115 967 0888, or visit our website for more information.


Picture of Woody Snapper

Woody Snapper

Woody works with individuals and business' looking for corporate finance, high net worth mortgages, complex loans, bridging loans and development finance.

To contact Woody.

Tel: 07922 413586


Email: woody@veracityfp.co.uk