Chartered Financial Planners

Do You Need a Financial Advisor?

Posted By on January 20th, 2021 in Blog, Financial Advisor

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The majority of people will face times in their lives where they are not sure what to do with their money, or what decisions to make to reap the financial benefits in the future. There are thousands of financial products on offer and so it can be difficult choosing between them. If you are confused about dealing with your finances it can be helpful to get professional financial advice, our financial advisors in Farnham offer some advice here about whether you need the help of a professional or not.

Our financial advisors in Farnham are professionals who can help you organize your finances and projects and also help you get prepared for retirement. They will help you make decisions with your money that will make sure you are on the right path to achieving your financial goals.

If You Are Thinking About Hiring Professional Help

Defined Benefit Pension advice

The terms ‘financial planner’ and ‘financial advisor’ typically mean the same things, but this does not mean all financial planners and financial advisors are alike. They will all have different levels or education, training and experience, and so the advice you get will differ depending on who you go to.

Some people are happy managing their own financial planning, others believe the help of a financial advisor will improve the quality of the financial decisions made. If you just have some spare cash that you would like to put aside as a nest egg, then you may be able to manage this yourself. In contrast, if you are a high worth individual with a deal of assets, then you might want to draft in the help of a financial advisor, our Farnham team may be able to help you with this.

What a Financial Advisor Wil Do

A good financial advisor, such as our team in Farnham, will give advice regarding the following areas.

– How you should change your current financial behaviour.
– How much you should save each month
– What times of retirement accounts you might want to open.
– What type of mortgage you have and whether you should pay it off or refinance.
– What type of insurance you need, such as life insurance, health insurance and property insurance.
– How much money to keep in an emergency fund.
– What changes might improve your tax situation.
– What rate of return you will need to achieve your goals over your chosen time frame.

Our Farnham financial advisors can work with you to help you manage and achieve these aspects of your financial situation, ensuring you stay on track to achieve your financial goals.

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