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As busy professionals, you almost certainly have a ‘personal power team’. Whether a family or third-party support system, this network exists to help you achieve your goals. Your financial position is often fundamental to your success so, naturally, the value of working with an adviser should be a given. A recent survey found that 47% who received advice said it enabled them to reach a specific life goal,(1) yet 24.6 million people have never received financial guidance of any kind.(2)
So, why work with an adviser? You’re very unlikely to have time to do your job and a fund manager’s as well. Perhaps it’s because you accept that industries exist to provide access to specialist knowledge and skills, in the same way barristers are instructed. And beyond time and expertise, there are many reasons that financial advisers are an essential ‘team member’:
The saying ‘get more bang for your buck’ might be used casually, when discussing your latest car purchase, for example, but given that so many of you will be paying fees for your financial products, there is equally a case for ensuring you are maximising the value of advice. So:
Want to begin your valuable advice journey with us? Book a meeting using the details below:
Tel: 01962 353153
Email: enquiries-westgate@sjpp.co.uk
Web: www.westgatewealth.co.uk/specialist-advice/the-bar
(1)(2) SJP’s Real Life Advice Report chapter published September 2024. (3) Based on comparing annual returns for St. James’s Place clients against those who managed their own investments. The research, which covered all clients’ SJP pension investments, found between June 2010 and June 2020 the average growth achieved was 7.7%pa. This means £100,000 invested at the start of the period would be worth £210,000 by the end. By comparison, the same exercise for pension clients of a large firm where investors usually make their own investment decisions achieved an average of 5.5% pa over the same period. So on average £100,000 invested by a non-advised client grew to £171,000 over the ten years. This analysis didn’t include any tax benefits from advice and so Numis’s researchers concluded the main difference between the two was the “greater long-term discipline and lower emotion an adviser provides”. Past performance is not indicative of future performance.
As busy professionals, you almost certainly have a ‘personal power team’. Whether a family or third-party support system, this network exists to help you achieve your goals. Your financial position is often fundamental to your success so, naturally, the value of working with an adviser should be a given. A recent survey found that 47% who received advice said it enabled them to reach a specific life goal,(1) yet 24.6 million people have never received financial guidance of any kind.(2)
So, why work with an adviser? You’re very unlikely to have time to do your job and a fund manager’s as well. Perhaps it’s because you accept that industries exist to provide access to specialist knowledge and skills, in the same way barristers are instructed. And beyond time and expertise, there are many reasons that financial advisers are an essential ‘team member’:
The saying ‘get more bang for your buck’ might be used casually, when discussing your latest car purchase, for example, but given that so many of you will be paying fees for your financial products, there is equally a case for ensuring you are maximising the value of advice. So:
Want to begin your valuable advice journey with us? Book a meeting using the details below:
Tel: 01962 353153
Email: enquiries-westgate@sjpp.co.uk
Web: www.westgatewealth.co.uk/specialist-advice/the-bar
(1)(2) SJP’s Real Life Advice Report chapter published September 2024. (3) Based on comparing annual returns for St. James’s Place clients against those who managed their own investments. The research, which covered all clients’ SJP pension investments, found between June 2010 and June 2020 the average growth achieved was 7.7%pa. This means £100,000 invested at the start of the period would be worth £210,000 by the end. By comparison, the same exercise for pension clients of a large firm where investors usually make their own investment decisions achieved an average of 5.5% pa over the same period. So on average £100,000 invested by a non-advised client grew to £171,000 over the ten years. This analysis didn’t include any tax benefits from advice and so Numis’s researchers concluded the main difference between the two was the “greater long-term discipline and lower emotion an adviser provides”. Past performance is not indicative of future performance.
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