Financial Advice. What is it good for?

If you think that the idea of financial advice and planning is only for the very wealthy, think again.

In this article we will look at the key stages of life where taking independent financial advice can make a huge difference. Having a financial plan can provide you with confidence in your future. In uncertain times an adviser brings with them the ability to help you identify and quantify your key objectives and then to work towards those objectives in a structured and logical way.

Buying your first house.

An independent mortgage adviser will be able to help you work out how much you can afford to spend on a property. They will help you look at your budget and see if the repayments will be affordable. Remember the lowest interest rate mortgage might not be the best overall deal for you. No point in having your credit rating affected by being turned down for a mortgage that you were never likely to get.

Starting a family.

With a family comes responsibilities. An adviser can help you adjust to your changing circumstances. This might include saving money for your children’s future and taking out protection, such as health and life insurance.

Starting to invest.

An independent financial adviser will help you to understand your attitude to investment risk against your financial objectives. They will help you structure your thoughts about your short, medium and long-term objectives. You may have an interest in socially responsible investing which they could help you achieve.

Starting your own business.

An adviser can help you set up your new business on a sound financial basis. They will help you get your family finances into good shape so you can focus on your new venture.

Getting divorced.

Getting divorced is never easy. However, if your life changes significantly, so will your finances. Understand the value of assets such as pensions in any settlement is always key. Undertaking some financial planning will help you see what your financial future will look like.

Bereavement.

When someone close to you passes away there is likely to be financial implications. An independent financial adviser can help you understand the issues. A good adviser will ensure that your finances are flexible enough to change with those unexpected life events.

Coming up to retirement.

We are all encouraged to save for our retirement. The government helps us save through “workplace pensions” and other tax-efficient pension schemes. An adviser can also help you understand how to access your pension in a tax-efficient way. So, why pay more tax than you need? Undertaking some financial planning will help you understand what your retirement will look like. So, you may be able to retire sooner than you think or move to a less stressful part-time role.

For the next generation.

Most of us want to be able to pass some of our wealth on to our children or grandchildren. Undertaking Inheritance Tax planning (IHT), needs expert financial advice. Giving away too much, too soon, can have disastrous consequences. However, passing on too little wealth could mean that your estate ends up with an unnecessary tax bill.

How Anstee & Co. can help you with Financial Advice.

We are a firm of Independent Financial Advisers. This means that the financial advice we offer is unbiased. We will look at all the financial options that are available to you. This is unlike restricted advisers, who recommend only certain types of products or a range from a limited number of providers. Why not contact us today? The initial “getting to know you” meeting is at our expense and is without obligation. Our experience covers all aspects of financial planning, including pensions, estate planning, mortgages and investments.

Our Head Office is located in:-

  • Kettering, Northamptonshire

Also, our financial advisers live and make use of meeeting rooms in:

  • Northampton, Wellingborough and Thrapston, Northamptonshire
  • Market Harborough, Leicestershire
  • Bedford, Bedfordshire

Additionally, we also make full use of video conferencing such as:-

  • Zoom
  • Microsoft Teams
  • Facetime

We can also arrange a conference telephone call. There is no need to visit an office as all work can be undertaken remotely.

Furthermore, if you have any thoughts or comments on this article, “Financial Advice. What is it good for?”, then we would love to hear from you.

Finally, the information contained in this article is for information purposes only and does not constitute advice. No action should be taken based on this information alone. Anstee & Co. is authorised and regulated by the Financial Conduct Authority (FCA).

Peter Anstee