Why It Helps To Speak With An Expert…

Help! We all need it now and again. Our loved ones are usually the first we turn to for advice, but should they be the first port of call for financial guidance? The experts at Raymond James explain

We all have important financial decisions to make throughout our lives. Typically, as we get older, some of the major life choices we make become all the more critical. Decisions around your retirement planning could shape what the next three decades of your life look like, so it is imperative you get a professional second opinion.

Relying on informal chats with friends might not be the best idea when making important financial decisions. While friends and family will do their best to help, they tend not to have the qualifications, knowledge and expertise that a professional financial adviser can offer. Have you ever tried fixing the toilet and flooded your lounge? Leave it to a professional.

You can get free guidance from places like Pension Wise, the Money and Pensions service or Citizens Advice. These sources are certainly useful but won’t get the personalised or in-depth recommendations you’d get from a financial adviser.
Here are a few reasons why you should consider speaking to an expert.

This can be particularly true when going to your family for advice. Family members who’ve ‘been there, done that’ might speak from experience, but it’s likely times have changed since they needed to make the decisions you’re facing now.

Your family are also likely to be the ones you speak to at during difficult times, like after a divorce or the loss of a loved one. When major financial decisions need to be made, emotions are often running high, so it’s easy to take advice from family and friends just to get it off your plate.

Although your family will have your best interests at heart, a financial adviser is more emotionally removed. They can offer clear-minded advice that your family might not be able to. They’ll still treat your situation delicately, but they’ll be able to advise you objectively.

Our finances are a personal subject, and it’s likely information like your salary and spending habits are only known by a select few.

Because of our reluctance to share too much with our friends and family, they’ll never get the full picture. Any advice they give might not help your financial situation as much as you first thought.

A financial adviser is impartial and disconnected. This lets you share more detail with confidence. With an understanding of the full picture, an adviser can build you the most suitable and efficient financial plan and investment strategy.

Just because someone you know might have made money on an investment in the past, doesn’t mean it’ll happen again, or that it’ll form the best strategy for your own situation.

A financial adviser will consider your full financial circumstances now, where you want to be in the future, how to get there and stay on track. We also analyse things such as your previous investment experience, risk tolerance, tax allowances, life goals and timescales and knowledge.

We offer a free initial consultation. The journey starts with a no-obligation call back or meeting with one of our qualified team members. They will initially help you decide if advice is right for you and answer any questions you might have. There is no pressure, no commitment and no obligation. You can then make the informed decision as to whether we are the right company for you to work with.

Risk Warning: Opinions constitute our judgement as of this date and are subject to change without warning; with investing, your capital is at risk

Raymond James
8 Berry Lane
Longridge, Preston PR3 3JA
01772 780300



Tedd Walmsley

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Tedd Walmsley managing director of Live Magazines shares his views on the latest topics in media.

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