The value of advice

You may be asking yourself whether working with a financial planner is really worth it. Let us explain what an adviser actually does and the transformative effect they can have on your life.

Financial expertise,

quantified

With so much information freely available online these days, it’s understandable that paying for financial advice gives many people pause for thought.

If that’s you, there are some very specific reasons why you should reconsider. See these below, then keep scrolling to learn more about the true value a financial planner can provide.

Receiving professional financial advice between 2001 and 2006 resulted in a total boost to wealth (in pensions and financial assets) of £47,706 a decade later.

Royal London

An ongoing relationship with a financial planner leads to better financial outcomes. Pension wealth was 50% greater among people who received ongoing advice, compared to those who took one-off advice.

International Longevity Centre

The savings of someone who’s taken financial advice will be 2.73 times larger over a 15-year period than someone who hasn’t. Over a five-year period, savings will still be 1.58 times larger.

University of Montreal

Retirees who receive financial advice tend to have an annual income of £9,598 more than those who don’t, a 64% increase to the average pension per year.

YouGov and Unbiased

What you

really get

Sign on as a Wealth Doctor client, and you’ll receive the following in return:

  • A financial plan, prepared by specialists and explained to you fully and in simple terms
  • Creation of a portfolio designed to help you achieve your financial goals, aligned with the level of risk you’re comfortable with
  • Ongoing reviews for however long you need them, including any amendments to your plan according to your changing needs or circumstances.

In practical terms, we can help you with retirement planning, business exit planning, estate planning, investment strategy, and tax planning. But these services are only a small part of a much greater whole.

Beyond the

balance sheet

Research by Royal London found that people who receive financial advice feel more confident about the future, and more financially resilient. And this document on the key benefits of financial advice explains the lasting and wide-ranging advantages in more detail.

If working with a financial planner can improve not only your financial health but also your emotional wellbeing, that’s an investment that bears serious consideration. It’s the first step on a path that could take you to better places today and for many years yet to come.

Your questions, answered

“The important thing is to never stop questioning.” – Albert Einstein

We encourage our clients to ask questions. This involves them directly in understanding how we can help, enabling us to work together to design the financial future of their dreams. We’ve answered the questions we’re most often asked here.

What’s the difference between a financial adviser and a financial planner?

Financial advice typically describes a more simplistic approach where clients are sold financial products and/or services to address simple and specific needs.

A financial planner takes a more comprehensive and holistic approach. They really try to understand and help clients in achieving their short, medium and longer-term goals, always with the objective of achieving financial security and wellbeing.

How do you invest my money?

For the majority of clients, we use an evidence-based approach when investing your money. This is based on decades of empirical evidence and academic research by Nobel prize-winning economists. The approach centres around trading less and holding a diverse range of low-cost funds.

It’s worth pointing out that we always discuss in detail and take into account our clients’ investment preferences and attitude to risk. And we always explain in detail the reasoning behind our recommendations.

I already have an adviser. Can you still help me?

Many of our clients have past experience of financial advice, and unfortunately, this isn’t always positive. We aim to challenge previously accepted poor practices and cultures. The profession is rapidly evolving, and modern financial planning focuses on you and your personal concerns, goals, and ambitions.

We’re always happy to discuss your existing plans or portfolio, and to provide a financial health check and second opinion.

Read reviews from real clients

You can always expect a first-rate service from us, but don’t just take our word for it.

Instead, read the excellent reviews left by our valued clients on VouchedFor, the UK’s leading independent rating platform for financial planners. Click the link to read more.

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