A person who uses a financial adviser is on average $57,000 better off when they retire*.
*The ILC has calculated that if a person received professional financial advice between 2001 and 2006 it resulted, on average, in them being £47,706
better off in terms of pensions and financial assets once fees and charges had been taken into account in 2014/15. (What it’s worth – revisiting the value of
financial advice, ILC, November 2019). Currency is converted from GBP to USD based on an exchange rate of 1 GBP = 1.2 USD.
An adviser can help you define your goals, establish how realistic they are in terms of your present circumstances, and then invest your money in a way that matches your objectives - ultimately giving you the peace of mind that comes with knowing you're on the right path.
In fact, a good adviser will not only provide you with a full financial advice service but will also identify areas where other professional support could be valuable and introduce trusted experts to help.
One of the biggest benefits of financial advice is clarifying what’s important to you now and what your long-term goals are.
There are five specific ways that advice can deliver these financial benefits.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.