Financial advisers

IDEAL HOME’S COLUMNIST AND EDITOR OF MONEYWEEK.COM KALPANA FITZPATRICK SHARES HER FINANCIAL WISDOM

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Most of us have probably not felt the need to seek help from a financial adviser, but seeing one could leave you better off by as much as £48,000 over 10 years*. Not everyone needs the service, but there are certain life stages where taking their advice could make good sense, including planning for your retirement or reducing your tax liabilities. Kalpana Fitzpatrick explains why getting professional help is a vital step in growing and maintaining your wealth.

Wealth wellbeing

Seeing an adviser helps build security, and can also help with your overall financial wellbeing. A survey from St James's Place** shows 84% benefit mentally or emotionally when they use a financial planner. If big money decisions are stressing you out, this is a good reason to seek expert help.

Life changing moments

While you do not need a financial adviser for day-to-day money management, there are several trigger points in your life that could mean you need to see one, even if you are experienced and confident with money. This includes: