Keep calm and carry on: the true value of financial advice

Keep calm and carry on: the true value of financial advice

Understanding complex financial changes 

There’s a lot to think about right now, from an increase in the energy price cap to an Autumn Budget which is likely to raise taxes in a bid to plug a £22 billion “black hole” in public finances. The Budget announcements will create opportunities for some and challenges for others, and understanding their full impact will require more than just a glance at the headlines. Finance is a complex subject and misinterpretation can be costly. Even a minor adjustment could have significant impacts on your long-term plans. 

That’s where financial advisers come in. It’s their job to break down complex changes and explain how they affect your specific circumstances. By constantly assessing the market and interpreting regulatory changes, they can help you avoid pitfalls and optimise your financial plan to achieve the outcomes you want. 

Day-to-day financial advice for everyone 

Most people think about getting advice when they have a specific goal or a big financial decision to make, like deciding what to do with a large lump sum. Financial advisers can certainly help with these major events, but they can also give advice on most other aspects of your financial life. That might include: 

• Effectively managing your monthly expenses. 

• Finding tax-efficient ways to use your money. 

• Identifying financial products (like insurance policies) that suit your needs. 

• Help you set goals for your financial future. 

• Increasing your financial resilience. 
• Keeping your assets safe for future generations. 

When times get tough, this day-to-day advice can help ensure your long-term goals don’t get overshadowed by short-term pressures. 

The value of a tailored approach 

No two people are the same, and neither are their financial needs. What works for one person may not be suitable for another, especially in uncertain times, so the tailored approach offered by a financial adviser can be crucial for weathering major changes. They get to know your circumstances and goals, adjusting their advice based on both the market and your specific needs. 

It can be scary if big changes to the financial landscape are looming and you don’t know how they might affect you or your family. A financial adviser can explain changes in the market, reassure you if you’re worried, and support you in conversations about money with your loved ones. Ultimately, they can use their knowledge of the market and financial products to help you make the right decisions for your money. 

Most importantly, a financial adviser can be a trusted confidante. They’re experts in their field who can help you make the most of your finances, but they’re also dedicated to giving you peace of mind. It’s easy to get bogged down in the facts and figures, but financial advice isn’t just about numbers; it’s about giving you security and confidence. 

Let's face the future together 

Every day we help thousands of people create a secure financial future. Our advisers can help you understand how changes in regulation might affect your finances and navigate the uncertainties ahead. Because for us, financial advice isn’t just about creating great outcomes. It’s about helping you face the future with confidence. 

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested. 

Approved by The Openwork Partnership on 16/10/2024.