Diversification allows an investor to spread risk between different kinds of investments (called ‘asset classes’) to potentially improve investment returns. This helps reduce the risk of the overall investments (referred to as a ‘portfolio’) underperforming or losing money. With some careful investment planning and an understanding of how various asset classes work together, a properly [...]
If you do not know where you are going, how will you know when you get there? This is very true about financial goals. You need to set financial goals to help you make wise financial decisions, and also as a reward for your efforts. Goals should be clear, concise, detailed and written down. Unwritten goals are just wishes. In order to [...]
Is it better to use an independent or restricted financial adviser? At the heart of the financial advice market lies the Independent Financial Adviser. The easiest way to describe an Independent Adviser is to state that they are unrestricted in how they can advise you and any adviser that is not independent will be restricted [...]
The poor understanding of financial advice is particularly worrying at a time when people are faced with more complex decisions about retirement than ever before. Taking professional financial advice is vital to ensure you are equipped to make the most of your hard-earned savings and receive the income you need in retirement. Here, we explain [...]
Each tax year, we are each given an annual individual savings account (ISA) allowance. The ISA limit for 2016/2017 is £15,240, rising to £20,000 in 2017/2018. Anyone wishing to utilise their allowance should do so before the deadline of midnight on Wednesday 5th April 2017 which marks the end of the 2016/2017 tax year. It [...]
When seeking the advice of a financial adviser it’s not uncommon to want to buff up on your knowledge of the main products that are used in order for you to feel more in control of making your decision.
Although a number of people start off as DIY investors, ordinarily they soon realise that the help of a good financial adviser is the best way forward; they can help you realise your goals by offering impartial and expert advice on your financial affairs. Here, we offer the top reasons for seeking the help of a professional.
