Planning to meet your goals – BLOG – Martin Cornell

April 3, 2023 12:17 pm

How advice can boost your financial wellbeing

The professional advice received from a financial adviser can make it easier to understand your
financial situation and help you create strategies for better money management. They will be able
to provide tailored advice that considers your individual circumstances, goals and needs.
They will explain the options available, from setting up emergency funds to effectively managing
debt or investments, helping you take control of your finances with confidence. They also offer
guidance based on the latest legislation and tax regulations, so that you’re making informed
decisions about your money.

By taking steps towards good personal finance, this will lead to improved wellbeing overall. Having
a secure financial outlook is usually linked to lower levels of stress, better mental health and
increased satisfaction with life.

Feeling in control

Receiving professional financial advice is the first step to helping create a secure financial future
and when it comes to managing your finances it can help give you a sense of control. A
professional financial adviser will provide objective insight into your current financial situation,
helping you understand your incomings and outgoings and create an effective budgeting and
savings plan.

They are also able to identify any potential debt issues and advise the best approach to tackling
these. This advice will enable you to feel more confident in taking control of your day-to-day
finances and secure in your overall financial wellbeing, giving access to knowledge that will set you
up for success both now and in the future.

Capacity to absorb a financial shock

By taking steps to review and plan for your finances, you can be well-equipped to absorb any
financial shock that may arise. Establishing an emergency fund of six months’ worth of essentials,
combined with appropriate insurance policies, will help protect you and your family in the event of
unforeseen circumstances. Taking security measures now is a wise decision that could save you
potential hardship later on down the line. Protecting yourself financially can bring both peace of
mind and long-term security.

It is therefore wise to assess the financial risks your household may face, and plan accordingly to
ensure your financial security. By taking the time to review your finances with a professional
financial adviser and put a protection plan in place, you can be well-prepared for any unexpected
financial shock that may come your way.

On track to meet goals

Having professional advice is also a key part of ensuring you remain on track to meet your goals.
Your adviser will assess your current situation and provide tailored guidance on how to achieve
success in the future. They consider factors such as investment risk, taxes and any other financial
implications so that you are able to make informed decisions about your money.

They will also help you decide which areas to focus on first and suggest strategies that could help
you meet your aspirations while remaining within a comfortable level of risk, for example through
utilising your ISA and pension options. With professional advice, you can rest assured that you are
well-positioned to reach your goals and enjoy a higher degree of financial wellbeing.

Flexibility to make choices

Having the flexibility to make choices is an important part of your financial wellbeing. A professional
financial adviser will help you understand how different life decisions could impact your finances
both today and in the future. This may include considering options like taking a career break,
retiring early or selling a business. Being able to ‘rehearse’ these scenarios with professional
guidance will help you feel more confident and secure when making difficult decisions, ensuring
that you enjoy life to the full.

With professional advice, you will gain clarity over the potential impacts of any decision, now and in
the years ahead. That’s why it is important advice should always be tailored specifically to your
own needs and goals – so it’s best to consult an expert about your individual situation.

Next steps

Getting professional advice is the best way to reach your financial goals and secure your future.
With a professional adviser by your side, you can create a tailored plan that takes into account
your current situation and sets out exactly how you’ll get where you want to be.
When it comes to money matters, you’ll be able to relax knowing that all aspects of your finances
are being taken care of. Plus, with regular reviews, your professional adviser will make sure things
stay on track.

Start your journey towards greater financial wellbeing

We are here to help answer any questions you may have and provide guidance every step of the
way. Start your journey towards greater financial wellbeing today. To find out more and to discuss
your options, please contact us.