It is vitally important that you understand your financial situation, especially when preparing for retirement. But do you need to seek financial advice? Would you benefit from professional guidance, or should you go it alone?
Do I need advice, or should I do things on my own?
When it comes to managing your finances, the ‘do it yourself’ versus ‘take advice’ debate is one that many investors wrestle with at some point.
DIY advocates might argue:
- You can take out investments, pensions, mortgages & insurance yourself online without the cost of advice.
- It’s better to be in control of your own destiny.
The counter argument:
- Our Independent Financial Advisers have years of specialist education and professional experience.
- The cost of a mistake can be huge, and if you DIY you have no protection under the Financial Services Compensation scheme.
- Just a small improvement in how your finances are managed should more than offset the costs.
- Managing your own finances (properly) can be extremely time consuming, and research proves that even the most financially literate people still utilise Financial Advisers.
What is the value of financial advice?
Based on feedback from thousands of people who take Financial Advice regularly, the benefits include –
- Having confidence that your money will stretch far enough to meet your future plans.
- Increased investment returns and income.
- Reduced risk and greater financial protection.
- Saved time.
- Peace of mind things have been done properly.
- Protection through the Financial Services Compensation Scheme (in the event of any dispute)
- Having a professional advice to call on at any time of your life to help you to manage your financial affairs
- Leaving you to time to enjoy your life free from worries
At Logic Wealth Planning we’re here to give you the best professional guidance and advice and we’re only a call away.
Vouchedfor – May 2016