Financial advice pays for itself – Fact!
Your money is precious to you. You want it to go as far as it possibly can, both now and in the future.
To make that happen, you could seek advice from a financial adviser, but does the cost of doing so add up?
Well, new research from the International Longevity Centre and Royal London suggests it most certainly does!
The research suggests that people who take financial advice gain significantly more in financial assets and pension wealth than people who don’t.
It also shows that people on more modest incomes actually benefit more from financial advice than those who are seen as ‘better off’ – after splitting the impact of financial planning advice into two groups: the ‘affluent’ and the ‘just getting by’.
The ‘just getting by, but advised’ accumulated on average £14,036 (or 39%) more in liquid financial assets, and £25,859 (or 21%) more in pension wealth than their peers who didn’t get financial advice.
However, it was reported that both groups benefitted significantly more than those who hadn’t sought advice.
At Innes Reid, we are in a great position to help you with that advice and make the most of your money because:
- An initial consultation with one of our independent financial advisers is free.
- Financial planning, especially when it comes to your pension, has never been so complicated with a number of changes taking place – so it is easy to miss opportunities to make your money work for you if you do not take advice.
- Exciting expansion plans at Innes Reid mean that, for a limited period, the firm has the capacity to take on new clients.
James Keane, Associate Director at Innes Reid, said: “This research shows for the first time the benefits of seeking financial advice and the fact that it can have an impact on people across all income brackets is particularly striking.
“Now is a great time to get advice from Innes Reid; we are expanding into new office space and have the scope to take on extra clients, and that, in itself, is an indication of how successful we have been.
“With changes in pension law, it has also become increasingly more complex to sort out your investments to make sure you’re making the most of your money – and we can certainly help there!”