What does a financial planner do and when do I need one?

What does a financial planner do and when do I need one?

 

 

In the UK, the financial services industry is one of the top sectors contributing around £132 billion to the UK economy and providing 1.1 million jobs. In an industry this large, it is easy to get confused about where is going to be the best place for you to go to find the answers to your financial concerns or queries.

The first step in deciding whether a financial adviser or financial planner is prudent and would be useful in helping with your financial affairs is to understand what the difference is between the two.

A financial planner is a professional who helps companies and individuals create a program to meet long-term financial goals. A financial adviser is a broader term for those who help to manage your money, including investments, pensions, SIPPs and other accounts.

It goes without saying that we all want to manage our money responsibly and protect ourselves and our loved ones from any future financial danger. Whatever your long-term goal for security or peace of mind may be, a financial planner will give you expert advice to help you get there.

Whilst the titles ‘financial planner’ or ‘financial adviser’ are often used interchangeably for anyone that gives some sort of financial advice, becoming a Chartered Financial Planner embroils the two practices and takes a lot more time and consideration. Ultimately though, it is a qualification that is one of the most respected in the financial advice industry due to the levels of knowledge and experience required, and the strict code of ethics that must be adhered to.

At Seabrook Clark, our founder and lead financial adviser, Matthew Clark, is Chartered and was one of the first in the UK to become so. As a business, our clients and their needs, goals and objectives are just as important to us as they are to them. Whatever they may be, at the first meeting we will discuss with you, for free and without obligation, the best ways that we can help.

 

When’s the best time to get in touch?

The simple answer is when you feel you need it. A high-net worth individual or earner may get in touch sooner for effective tax-saving, retirement planning or investment advice. Equally if you are reaching a landmark in life, such as starting a family, at the start of retirement or buying a property then it is also worth reaching out.

For a completely free consultation about any of you or your company’s financial goals or objectives with our Chartered Financial Planner, please send your details along with your availability to info@seabrookclark.co.uk, or you can call our office on 01392 875500.

 

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