With the help of Slater Financial I can relax safe in the knowledge that my savings are working hard for me.

Julie Carter

Why now’s the right time to talk to a Financial Adviser.

April 26, 2021

The last 12 months have thrown everything at us. And as leading Financial Advisers in Buxton, Derbyshire, we’ve seen for ourselves how that’s meant more and more people are now looking for professional financial advice. So here, we’ll look at why it makes sense, and what you can expect from a Financial Adviser.

53% of UK adults. According to research from Prudential, that’s how many of us say the pandemic has caused them to look for financial advice. And 85% of those asked said they had financial concerns over the coming 12 months, with 23% of them having to use savings to cover living costs. So what’s caused this sudden surge for advice?

Why now?

Of course, 2020 was the year of COVID-19. And the resulting economic turmoil has affected virtually everybody, but in so many different ways. From economic problems such as market volatility, lockdowns and low demand to more personal difficulties including redundancy, bereavement, job worries and going into debt, we’ve seen it all in the last year.

Some are more cash-rich than usual with no foreign holidays, eating out or shopping sprees to spend it on; others, especially those out of work, can find themselves desperately short of money, with few savings to call upon. And with a general lack of financial knowledge (or even digital skills), many have turned to Financial Advisers for help.

How talking to a Financial Adviser can help.

Talking to a Financial Adviser can really help at any time when you’re facing big changes in your life. For example, saving for a home, marriage and family, a big career change, starting a business or planning for retirement are all prime times to get your finances in order, whatever your age.

With the benefit of a wealth of training, background knowledge, qualifications and experience, a Financial Adviser is ideally placed to take an objective view of your situation and give you the options that might suit you best.

As a full-time professional, they’ll know their way around the industry, markets, law and taxation issues, often with the help of other experts and analysts, putting them in an ideal position to give you sound, impartial advice. And saving you all the time and effort of trying to do it yourself.

What to expect.

When you go to see a Financial Adviser, they’ll start by assessing your current financial situation and your goals before developing a comprehensive plan to address any major areas of concern – such as retirement, insurance, avoiding estate tax and so on.

For many, this is just the start of a fruitful relationship; your Financial Adviser is there to help you when unexpected issues arise throughout your life, as well as set up investments and source appropriate insurance, mortgages or pensions – they can do as much or as little as you wish.

With so many seeking the advice from finance professionals right now, we’ve introduced free, no-strings financial health checks. During these consultations we review your current arrangements, look at investment opportunities and discuss your financial goals. That way, we can recommend the most appropriate options to help you achieve them. If you’d like to take advantage of our free 90-minute review, just call 01298 212444 or complete or contact form here.