Not many people are financial experts, since little or no training is given in British schools to guide pupils in their financial decisions. There are many reasons why it makes sense to use a financial advisor to handle your wealth. At Endeavour Financial Planning, we assist Wirral-based clients with the long-term planning of their finances. If you are in the dark about the best way to plan your finances, give us a call today.
Is doing it myself an option?
You could, of course create a financial plan by yourself. For this you need to be familiar with asset allocation, know how to choose the best investments, and be comfortable managing an investment portfolio.
In an all, there’s a lot to navigate and it’s easy to come unstuck, so a financial advisor is the best person to help you make sound investment decisions.
Types of advisors
Some financial advisors offer general financial planning advice, while others specialise in a particular area. Here at Endeavour, we specialise in pensions and investments.
Some are independent, while others are tied to a limited range of products.
The advantages of a financial advisor
As well as being financial experts, advisors have access to a wide range of products to choose from. This means that you can usually find a better choice of investment products from an advisor than you can on your own.
A good financial advisor will question you in depth about your finances and preferences, and can then match your needs to the best products on the market. A financial advisor should offer a personalised service tailored to your particular circumstances.
Financial advisors are regulated, giving you protection and peace of mind should things go wrong.
Non-advised sales
If you walk into your bank, or contact a bank by phone, you may be offered investment advice. Technically what you are being offered is known as ‘non-advised’ sales. The products on offer will be limited and may not be suitable for your situation. A criticism that has been raised against ‘non-advised’ sales is that they are not independent, since the salespeople may be more interested in earning commission from sales than acting in your own best interest.
Choose Endeavour Financial Planning
If you want to invest your money or are planning for retirement, contact Endeavour Financial Planning today for a free no obligation meeting that will start the process of planning wisely for your financial future.
Investments – The value of units can fall as well as rise, and you may not get back all your original investment.
