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Financial advice: What are the benefits?

Date: 23 October 2023

It may feel like a step into the unknown to seek financial advice, but it is there to make your life easier. Financial advisers are highly qualified experts and should be considered just as essential as using an accountant or lawyer when you need one. They can help cut through the complexities using the benefit of their experience to give you the best possible chance of achieving your financial goals.

Ubiased, an organisation which aims to support people in finding quality financial advice, reported that Brits who took professional financial advice between 2001 and 2006 enjoyed an average increase in their assets of nearly £48,000 after 10 years, compared to those who took no advice.

Using the services of a financial adviser is not just something for the wealthiest among us, either. There are times in most people’s lives when they can be not just useful, but positively necessary.

Some examples:

  • Inheriting money
  • Passing assets to the next generation
  • The financial aspects of divorce
  • Planning your pension investment and retirement

The list goes on, but I won’t!

Working together with a financial adviser can give you peace of mind, they are after all the experts.

Their services may include:

What to do next

Financial advice can provide support in all aspects of your finances, but can be particularly useful when considering products and solutions to ensure you make the best possible choices for your personal circumstances. This can include, but is not limited to:

  • Pensions and investments
  • Tax and inheritance planning
  • Mortgages
  • Long-term care planning
  • Life and health insurance

If you think financial advice is right for you, it is important to find an adviser you trust.

Our ‘Find an adviser’ tool can help you find a Quilter adviser. You can also search the whole adviser market. As well as our tool, you can try the the Financial Conduct Authority register, or MoneyHelper’s Retirement Adviser Directory.

Alternatively, MoneyHelper and Citizens Advice can provide free and impartial financial guidance.