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The importance of ongoing financial advice
You cannot possibly adapt to life changes, manage unexpected risks and achieve peace of mind about your financial future with just one meeting with a financial expert.
Ongoing financial advice is essential to help you make informed decisions about your finances throughout your life. Here are some reasons why:
Adapting to Life Changes
Life is full of changes, such as marriage, starting a family, changing jobs, or retiring. Ongoing financial advice helps you navigate these by adjusting your financial strategies as needed.
Maximising Opportunities
Financial markets, tax changes, and economic conditions are constantly evolving. Ongoing advice will help you capitalise on opportunities for investment growth, tax optimisation, and wealth preservation.
Risk Management
Assess and manage various risks, including market volatility, inflation, longevity, and unexpected expenses. By regularly reviewing and adjusting strategies, you can better protect your financial security over time.
Long-Term Planning
Achieving long-term financial goals, such as retirement or education funding, requires careful planning and consistent action. Regular catch ups allow for the guidance and accountability needed to stay on track towards your goals.
Behavioural Coaching
Emotions and biases can influence financial decision-making, often leading to poor outcomes. We help you stay disciplined, avoid impulsive decisions, and maintain a long-term perspective on your finances.
Estate Planning
As you accumulate wealth, estate planning becomes increasingly important to ensure that assets are transferred according to your wishes and with minimal tax implications. Ongoing financial advice can help you create and update your estate as needed.
Peace of Mind
Knowing you have access to expert advice and support will give you peace of mind about your financial future. This confidence allows you to focus on other aspects of your life without constant worry about money.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
By Michael Phillips
Senior Chartered Financial Planner
HJP Chartered Financial Planners
To find out more about Michael, click here
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