Individuals who work with an independent financial adviser will have a range of needs and objectives. Assistance with financial planning, investment strategies, and consolidating pensions, are all reasons individuals seek the advice of an IFA.
In this short article, we cover five key reasons to consider which may help you understand if you should work with an independent financial adviser.
- They offer whole of market, unrestricted financial advice
- An IFA can help you meet your investment goals
- They work with you to formulate a financial plan
- A good financial adviser can help you plan for a happy, financially secure retirement
- They can assist you in times of financial adversity
They offer whole of market, unrestricted financial advice
What does this mean?
An independent financial adviser will listen to your needs and objectives and will offer the most appropriate recommendation from all the pensions, investments, and policies available in the market.
A restricted financial adviser will listen to your needs and objectives and will sell you a product from a small, restricted list they are tied to.
By working with an IFA, you get a world of choice, aligned to your specific needs.
Which do you feel is better?
Related reading: A guide to choosing a financial adviser.
Helping you meet your investment goals
An experienced independent financial adviser has the knowledge to help individuals and families meet their long term investment goals.
If your goal is to accumulate wealth, a trusted IFA will provide the right advice.
If you are looking to generate income from your investments, an IFA will offer pertinent, accurate advice.
Working with you to formulate a financial plan
We all have our own dreams and desires.
Putting a plan together and taking action is what helps us get there.
Whether you are looking to retire early, help your grandchildren get on the property ladder, send your kids to private school, or buy that place in the sun, an IFA will help you get there.
At Sterling & Law – Hampshire, we use advanced financial planning and life modelling software offering a visual insight into your long-term finances.
Through a series of charts, visuals, and graphs, we help our clients understand the true path to the financial future they desire.
Find out more: Financial Planning.
Helping you plan for a happy, financially secure retirement
An IFA will help you take charge of, plan for, and save towards your ideal retirement.
They will make recommendations on pensions, whether to overpay your mortgage and other savings and investment decisions.
Here are some things to consider:
- When was the last time you checked on the value of your pension?
- When will your mortgage be paid off?
- What level of income are you looking for in retirement?
- What if you fall ill in the next 5 – 10 years?
An independent pensions adviser will help you get clear on where you are, and what you need to do to have a happy, financially secure retirement.
Related reading: 10 retirement planning tips – how to plan & save for a happy retirement.
Related service: Pensions Advice.
Working with you in times of financial adversity
Redundancy, ill health, and divorce, unfortunately, impact the lives of many.
Financial advisers can help people deal with these unfortunate life events.
An IFA will help you restructure your money and adjust your finances if you are staring redundancy in the face, or have fallen ill.
In the event of a family breakdown, an IFA can assist in helping you plan for your new life, taking into consideration child maintenance, the proceeds of a house sale, pensions and more.
Looking for a local IFA?
At Sterling & Law – Hampshire our experienced IFAs offer affordable, accessible financial advice to a diverse range of individuals.
Call us today on 01329 550190, we are here to help.
Note: This article doesn’t constitute financial advice. Your capital is at risk when investing in equity markets. Past performance is not a guide to future returns. Investments can go down as well as up and you could get back less than you originally invest.