thinking about advice
Thinking about advice and don't know if it's for you? Take our Short Quiz
If you are thinking about financial advice, but want to find out a bit more before talking to someone take this short quiz to get to grips with the basics. Good luck!
If I take advice I will get locked into an annual charge
You don’t need to commit to ongoing advisory charges if you don’t feel comfortable.
If you don’t feel comfortable signing up to an ongoing relationship with your adviser, most can provide one-off advice to help you with the big decisions you face.
Make sure you know what service the advisor will provide and any associated costs before agreeing to anything.
Only people with lots of money and assets need financial advice. True or false?
Everyone wants to retire comfortably. Research suggests the average person who takes advice is £40,000* better off compared to those who don’t.
*Research from the International Longevity Centre - July 2017. Those who received advice from 2001-07 accumulated significantly more assets than their unadvised equivalent peers by 2012-14.
Financial advice is expensive. True or false?
A good adviser should give you an honest review of whether you will benefit from financial advice before committing to costs.
And if they don’t think you will benefit from advice they will show you where to find the best tools and information to help make your own decisions.
You can receive advice on many areas. True or false?
Financial Advisers are able to take into account a variety of elements when helping clients, including planning for retirement, estate planning and tax benefits, as well as keeping you up to date with the impact of any rule changes or regulations.
Retirement is one of the most popular times to take advice. True or false?
Your retirement will be one of the most important things you ever need to plan for.
Almost 50% of those who seek financial advice with JGW, do so about a significant life event such as their retirement.
An expert can help you calculate your income needs, and plan how to reach your goals.
Once you have a Financial Adviser you can’t change to a different one. True or false?
You are well within your right to review other Financial Advisers and switch if you choose to.
Some of the things to review include whether you are paying too much for financial advice, are getting the service you need, and whether your investments are performing as expected.
Be sure to know about any exit costs before signing up in the first place.
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