8. You deserve good financial advice – are you getting it?

Fiduciary Wealth Team

Decisions about your financial future are among the most important you will ever make. Having a carefully managed financial plan in place will help you achieve your life goals and make you better prepared to deal with whatever the future holds. Whether you are looking to grow your wealth, take income from your retirement plans or make plans to pass your existing wealth on to future generations a good financial adviser can help you understand your options and recommend what’s best for you.

Not everyone has the time or the confidence to navigate the complex world of finance and investments on their own. Unless you are really adept at dealing with technical issues then it usually makes sense to invest in sound financial advice.

Financial planning does however go way beyond simply choosing the right products. Your financial adviser should understand what is happening in the marketplace and the fine detail around changes to legislation. By taking a holistic view of your finances and using their experience and knowledge they should be able to identify issues and opportunities that you might not have considered or even heard of.

A good adviser will always be able to demonstrate the benefit of that advice to you, whether that’s minimising your IHT liability or putting in place an investment strategy to deliver targeted returns.

Your adviser should also tell you whether their advice is entirely independent looking across the whole of the market or restricted either by only dealing in particular areas or offering a limited range of products. This is quite often the case when dealing with advisers working for banks or other institutions where the emphasis is on promoting the banks own limited range of products and investments.

Your adviser ought to be able to research and select the right investment opportunities for you and then to actively monitor the performance of those investments rather than produce an off the shelf investment solution that is outsourced to a third party without accepting any responsibility for those decisions.

When it comes to pricing there is no such thing as free advice. We like to offer an initial consultation without charge simply to get to understand our clients situation and whether or not we are in a position to advise on a particular issue. However every adviser should be able to explain and confirm in writing the cost of their advice and how this will be paid together with the cost and fees associated with any product recommendation.   This will soon be a requirement in the UK and probably in the rest Europe as well in the not too distant future.

If you want to find out what proper financial advice is like from a regulated firm that specialises in tax led cross border financial planning with an emphasis on proactively managing your investments then you should speak to one of our qualified advisers on Tel: 956796911 or email Follow us on Twitter and Facebook!