ONE of the best things you can do to position yourself for a secure future is to make sure your money is working as hard as possible for you.

But we are often unable to accomplish it on our own.

It can be challenging to stay on top of everything in the financial world and make confident decisions because it is a complex and dynamic field.

For this reason, an increasing number of us are opting to seek independent financial advice.

According to data from financial services regulatory consultancy Bovill, the number of clients receiving ongoing financial advice increased from 2.6 million in 2016 to 3.9 million in 2022 - a rise of more than 50%.

That pushes ongoing clientele to all-time highs, providing a glaring indicator of the value that clients believe they are currently receiving from their financial advisers.

What advantages can you therefore gain from consulting a qualified expert?

Personalised financial planning

An expert financial adviser won't take a crude, one-size-fits-all approach.

Instead, they will customise their recommendations to your unique situation, goals, and priorities.

In addition, they will take care to act in your best interests and, before recommending a course of action, to ensure that they are aware of your risk tolerance.

That implies you can be sure that the financial decisions you're making are well-informed and consistent with your objectives.

Specialist knowledge and expertise

Throughout their career, a professional financial adviser will put in a lot of study and training, as well as diligent work to earn certifications in a number of subjects.

Stated differently, you can be certain that they adhere to a set of criteria and are knowledgeable about the most recent advancements in the industry, laws, product lines, and investment opportunities.

Help you set clear and realistic goals

A solid financial plan can only be developed with clear goals in mind.

Your plan will be on much firmer ground and more likely to yield the desired results if your goals are reasonable and attainable, which is something a financial advisor will work with you to ensure.

Help you manage risk

Since it's simple for investors to make expensive mistakes, it's a good idea to consult a qualified financial planner who can determine your risk tolerance and offer advice accordingly.

This can protect your assets, help you avoid costly losses, and position you to reap healthy returns down the road.

Help you reduce your tax bill

Nobody likes to pay more tax than necessary, but it can be very challenging to recognise and comprehend legal loophole-free tax minimisation strategies.

Fortunately, financial planners are well-versed in this area and can offer you advice on how to lower your tax liability. Some strategies they may suggest are using tax-efficient investment and savings accounts and structuring your assets to minimise inheritance tax.

Peace of mind

It can take a lot of time and effort to understand the intricacies of the financial world.

You can trust a financial adviser to manage your finances while you go about your life, which relieves pressure when you work with them.

This can be very helpful when you're making big financial decisions because it gives you a sense of assurance, confidence, and certainty that you're making the right choices.

Please get in touch with us by ringing 01246 435996 if you have any questions about handling your money and preparing for the future. The entire Future Life Wealth Management team will always be delighted to talk to you about your current – and future – financial aspirations.