How can independent financial advice help my growth plan?

To protect and grow your wealth, an independent financial advisor (IFA) can make all the difference. For many years, Endeavour Financial Planning has provided IFA services in the Wirral region. To discuss your financial plans, why not book a free no obligation meeting with an Endeavour Financial Planning advisor?

Keeping pace with the Wirral

All parts of the country need some sort of strategy in place to boost their economy and develop visions for the future, and here, the answer to this is the Wirral Growth Plan. In the words of Wirral Council:

“The Growth Plan is key in outlining how the Council will lead and work with partners to deliver the Core Strategy as the key enabling Plan to deliver sustainable growth.”

The Wirral Growth Plan sets out the strategies that are expected to grow the peninsula’s economy over the next 15 years.

Towns, cities and districts are not the only ones who need to think about this. Individuals also need a growth plan for their finances, and an IFA can help you formulate this.

Why you need an IFA

There are many types of financial advice available, with some free and some paid for. You can search the internet for information or talk to your friends for free advice, but remember that there is a great deal of unreliable information on the internet, and it’s not always easy to know which source is genuine. Your neighbour or friends may be able to point you in the right direction, but if they are not financial experts themselves, their advice could be misleading or not suitable for your situation.

There are also what are known as restricted financial advisors, who can only recommend a limited number of financial products. If you seek financial advice from someone at your bank, for example, they will probably only recommend the products provided by the bank.

An independent financial advisor can recommend and sell products from a wide range of providers. Able to tailor their advice to your individual requirements, they may charge a fee for this, but in the long run this can save you money. A good financial advisor aims to make your wealth grow by much more than the fees they charge.

The elements of a growth plan

There are many areas of your finances that require a growth plan. You need to plan for your retirement so that life after work can be enjoyed. If you work or are self-employed, your growth plan should include tax planning.

Money sitting in a current account or a standard high street bank savings account will earn little interest. A growth plan includes savings and investments to enable your wealth to increase.

If you have money tied up in your home, you could release some of the equity, although financial risks need to be protected by insurance.

Talk to Endeavour

If you live in the Wirral, your personal financial growth plan starts with a discussion with an IFA at Endeavour Financial Planning. You can talk about your financial goals so that your advisor can prepare a growth plan to achieve them, so why not get in touch today?

Equity Release – This is lifetime mortgage, to understand the features and risks ask for a personalised illustration

Tax Planning advice is not regulated by the Financial Conduct Authority

Posted by Kim
18th May 2017


All blogs and news on Endeavour Financial Planning are for information purposes only and are not intended to provide advice. Please seek the advice of a financial advisor before making any financial decisions.

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