Fiducia Wealth Management
Posted in Financial Planning, Financial Advice on 06.01.20
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Question: Who needs more help with their money? A millionaire? Or someone getting by month to month?

Of course, it’s a question that could be interpreted and answered in many ways.

These clients all have different goals and objectives and it’s true to say that money means different things to different people. Saving £100 in tax would help any of us, regardless of our wealth. £100 is £100, after all.

The reality is the “value” of this saving differs from person to person and will impact on their life very differently.

From my perspective as an independent financial adviser, the moral of the story is that anyone can benefit from financial advice. There are many ways in which an adviser can help add value to someone’s life and I don’t believe this is a closed group limited to the wealthy.

The “value” to each person may not be the same, but one thing they both have in common is a sense of empowerment and confidence that stems from being in control of one’s financial wellbeing.

I was fascinated to learn of the true ‘value of advice’ across the client spectrum. When I first started, I was interested in the products that a financial adviser had at their disposal. I learnt stats, products, tax and all technical jargon. I thought that I needed to impart this knowledge; that this is what people cared about and wanted to hear about.

It’s really not. The truth is, people care about being organised and understanding their financial position. They care about having a plan in place for when they can retire. They care about ensuring their wealth stays in the family and isn’t consumed by tax. They care about ensuring their family is looked after in any circumstance. They care about how to save efficiently for their first home.

Educating someone on an ISA is or how their pension works is valuable to everyone. No exclusions. Final salary pensions are generally a thing of the past and more and more people have personal pensions, making advice on this subject increasingly necessary. Employers are obliged to offer you a pension, but they don’t have to explain how they work, and many people don’t ask. It’s true to say that everyone can benefit from learning more. Ignorance is certainly not always bliss when it come knowing your money.

Should you seek financial advice if you are a millionaire? Yes.

Should you seek financial advice if you are not quite there? Definitely yes.

Challenge me and see if we can add value to your life. No cost to you for the initial meeting.

Fiducia Wealth Management
Posted in Financial Planning, Financial Advice on 06.01.20

If you would like to know more about how we as Financial Advisers can help you set, plan and achieve your financial goals then financial planning section of  our website: Financial Planning or send us email at: [email protected]

The information contained in our website is for guidance only and does not constitute advice which should be sought before taking any action. The information is based on our understanding of legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change. Accordingly, no responsibility can be assumed by Fiducia Wealth Management Limited, or any associated companies or persons, its officers or its employees, for any loss occurred in connection with the content hereof and any such action. Professional financial advice is recommended for every case.

Fiducia is a multi award-winning firm of Financial Advisers based in Dedham near Colchester situated in the heart of Constable Country on the Essex Suffolk border.

Fiducia Wealth Management Ltd. Dedham Hall Business Centre, Brook Street, Dedham, Colchester, Essex, CO7 6AD.

Fiducia Wealth Management Ltd. is authorised and regulated by the Financial Conduct Authority. FCA No. 408210