Financial planner

Do I need a financial planner?

Normally a qualified independent financial adviser, a financial planner will work with you to help you realise your life goals and dreams.  This is done by following a structured financial planning process.  By having someone work with you, they can provide the drive that you need to keep you focused, enthusiastic and on track.

Is there a difference between a financial planner and a financial adviser?

There is a slight difference between them both, yes.  It’s in the methods that are employed to help you with your finances.

A financial planner will start with a comprehensive idea of what you want to achieve in life and will produce a financial plan to help you reach your aspirations.  This is usually done on a fee basis.

When your financial plan has been agreed you decide which parts you want to act on.  Your financial planner will now ‘become’ an independent financial adviser and suggest which financial products are most likely to meet your requirements as agreed in your financial plan.  They then agree with you a structured ‘review and maintenance’ program to ensure your plans remain on track.

What happens if I don’t want to pay for a financial plan?

If you don’t wish to ask your financial planner to produce a financial plan, but you do need advice on a specific area such as investment advice, estate planning, pensions advice or inheritance tax, a financial planner may go straight to the financial advice role.  However, lots of planners will no longer operate solely in the financial adviser role on its own as they believe it would not be in your best interest in the long-term.

We believe that it’s your choice if you don’t want a financial plan, as long as you understand that for people who are still working, we usually recommend the financial planning route is eventually put into place as that it is our favoured method of working.  For people who have been retired for at least five years, there is normally no need for financial planning.

I’m fifty plus, am I too late for a financial planner?

In this day and age you might live well into your 80s or 90s.  Therefore, the short answer is, no.  You still need to make sure that you don’t run out of money and that you can keep the lifestyle that you’d like when you are older.  This makes it more important to work with a financial planner today.

Any further questions on using a financial planner?

If you want more information on using a financial planner please call us on 01763 232326 or Email us.

PLEASE NOTE: This page is only accessible from our ‘quick links’ for ease of navigation.  To access the rest of our site for more information, please use the main menu at the top of the page.