Month: April 2019

Is Your Financial Adviser Providing Value For Money?

Planning for your long-term financial future is no easy task. Each individual has their own wants and needs, as well as their own level of acceptance of risk. Knowing where to find hard and fast rules on how to invest, how much to invest and how to plan for post-retirement can be challenging, and this is where a financial adviser may help.

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Financial Adviser Skills

A regulated financial adviser has trained for many years to give knowledgeable advice on the various investment types available to you. They often use financial adviser software to monitor the performance of indices, shares and other investment opportunities. An adviser can chart these in real time to make calculated decisions about where to invest.

This service does not happen for free, but you do gain an adviser’s expertise on the financial sector. This knowledge can save hours of work for the standard investor. Specialist financial adviser software is also often unavailable to the general investor, limiting the effectiveness of an investment plan when an investor chooses to go it alone.

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Behavioural Coaching

A financial adviser also provides intangible services that can help you make successful financial choices, and this is known as behavioural coaching. A study found that coaching in this way was the most important service a financial adviser can provide.

Behavioural coaching aims to help you live a financially efficient life. For this, it is essential that you have a close relationship with your financial adviser, sharing all the relevant information about your income, expenditure and budget with honesty. Your adviser will give you advice on how to trim the fat on your expenditures, monitoring your budget as it evolves into something more suitable to your lifestyle using tools such as Intelliflo financial adviser software to help you carve … Read More ...