Why you need independent financial advice

Independent Financial Advice (IFA) can help protect and grow your finances. Without advice, you could find that you make poor decisions about your money.

The Wirral Growth Plan

The Wirral Growth Plan is backed by Wirral Council and local businesses. The plan’s aim is to make the Wirral a place where people and businesses thrive. To achieve this, the Council has created a plan that focuses on many key issues such as improving the transport infrastructure, developing Wirral’s waterfront locations and increasing the value of new technology companies.

The benefits of IFA in Wirral

Without a growth plan, the Wirral region and businesses will be unlikely to expand. Similarly, people working in the Wirral cannot rely on luck to grow their wealth, they need a financial plan. IFA in the Wirral is about creating financial plans for savings, investments, tax and insurance that can protect and increase wealth.

There are two main reasons why people do not seek IFA. Firstly, they are reluctant to pay the cost of professional advice, and secondly, they believe that they can sort out their own financial plan.

Finance can be complex. There are often many choices when looking at financial issues. Without expert knowledge, it is difficult to select the best options. When looking at investments, there can be confusion about the costs. Fees may not be obvious, and mistakes can be costly.

There are plenty of scammers around who promise large returns on investments. These returns often end up very low, or you lose all of your money. An independent financial advisor will make sure all your investments are in reputable schemes.

Without advice, you rely purely on your own judgements. Choices based on incomplete knowledge may not be the best ones.

The financial plan

There are many financial areas and many choices to consider when creating a financial plan. IFA can guide you through the decision maze.

Investments and savings are designed to grow capital or provide a regular income. Your financial goals should look at both short and long-term goals for your savings. How much income do you need now? How much money do you want to leave in investment vehicles so that it increases each year?

Some high return investments’ carry risk, so you need to discuss with your financial advisor the level of risk you are prepared to take.

Insurance is used to protect your wealth, especially if you become ill or injured. Insurance can cover loss of earnings, pay the mortgage and financially protect your family if you die.

Family asset planning makes sure that your estate is passed on to your loved ones after you die. Tax planning avoids paying more tax then you need to. Plans can be made to minimise the amount of inheritance tax.
Expert financial advice will save you much more than the cost of the advice itself.

Start your plan today

The first step to start building a financial plan is to seek IFA from Wirral-based Endeavour Financial Planning. Book a free discussion to discover how it can make a huge difference to your finances.

INVESTMENTS – THE VALUE OF UNITS CAN FALL AS WELL AS RISE, AND YOU MAY NOT GET BACK ALL YOUR ORIGINAL INVESTMENT

ESTATE AND TAXATION PLANNING ADVICE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY