Naz Financial

A Personal Financial Blog from Naz Miller

4 Reasons to Use a Financial Advisor

Personal finance is a tricky subject, confusing for many, so here are my 4 reasons to use a financial advisor.

Personal Financial AdvisorIgnore your savings and investments for long enough and, inevitably, things won’t progress as they should. Procrastinate over your pension and you’ll find that it’s tougher to retire in the style you’d like. Plan and track where your money is going and how to get the most out of it, on the other hand, and you’ll more likely see better returns.

There are many reasons for taking financial advice. You might be looking for a better return on your investments, wanting pension advice to ensure you have security in retirement or simply trying to avoid financial decisions you may later regret.

This is where financial advisors come in. We’re here to help you navigate your way to a better financed future. And there’s no better time to do it than now!


A Financial Advisor Is Not Just For The Wealthy

You don’t need a multi-million £ property portfolio to benefit from seeing a financial advisor. Anyone, young or old, married or single, rich or not so rich, can benefit from financial advice. A financial advisor can help you set financial goals, manage your debt, create a plan to support your family, start investing or optimise an existing portfolio, plan for retirement, and more. And if you think you can’t afford to see a financial advisor, think again. Talk to me and I’ll show you how inexpensive it is.

 

Don’t Wait Until You’re About to Retire

Lots of people don’t book in for their first financial planning session until they’re just about to skip off into retirement. Only then do they learn that it would have been quite useful to get some good advice earlier. Having a financial plan is a bit like putting money in a piggy bank: the earlier you start doing it, the more likely you are to get good results. Whatever stage of life you’re at, there are benefits in seeking expert advice to help you map out your financial plan. It’s best to get your finances in order as soon as possible so you can make the most of your income between now and retirement, whether that’s three years away or thirty. Small changes in saving while you’re still earning can make a significant difference to the quality of your life after you’ve finished work.

 

Help to Get on Top of Your Finances

Life’s busy, isn’t it? Finances are complicated. One day you’ll get on top of them. I know. And then, you promise yourself that you’ll go and see a financial advisor. After all, you can’t just rock up tomorrow and admit you don’t even know what income you expect to have in your 70s, can you? Well, actually, yes you can. Like most financial advisors, I offer an obligation-free first appointment. We’ll get to know each other, have a chat, in person, about your goals and current situation. Then I’ll find out all the information we need to get together if you want to proceed.financial advisor

In years gone by, salesmen would visit you weekly or monthly at home (to take payments) – remember the ‘man from the Pru’? He’d also stress the importance of insurance and pensions, but this doesn’t happen any more. Nowadays, maybe because these conversations don’t occur, many people are saving too little too late. Make sure you’re not one of them.

 

There Are Some Things You Just Shouldn’t Buy Online

The rise and rise of online financial services such as MoneySupermarket, ComparetheMeerkat and GoCompare and has been great for those looking to save a few quid. Consumers can use these sites to conduct their own searches and take out insurance products and secured loans with ease. But buying a product in this way is very different to taking advice. The clue’s in the name as price comparison websites can tell you which products are the cheapest, but not whether they are suitable for you.

Also, price comparison sites avoid areas like pensions and retirement, it’s too complex for a simple, price-only model.

 

Citizens Advice and the Money Advice Service can offer some free guidance on general finances, while Pension Wise and the Pension Advisory Service are free services for those thinking about retirement. These can be a good way of starting to take back control of your finances if your unsure.

Getting the right advice today could change your life, now and in the future. Your best financial plan starts with a simple conversation – book yours with me, a personal financial advisor, today.

Contact Naz Now

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Naz Miller

I'm Naz and I'm a Financial Adviser. Prior to working in private practice, I spent 34 years working at Lloyds Bank in Cambridge and surrounding areas. My work has always focused on helping clients achieve their long-term financial objectives.

Glossary of Personal Financial Terms

AAA Rating

In short, AAA ratings (‘triple-A‘ ratings) are the highest credit rating available for an investment, such as a bond or company.

AAA ratings are issued to investment-grade debt that has a high level of creditworthiness with the strongest capacity to repay investors.

Similarly, the AA+ rating is issued by S&P (Standard and Poor) and is similar to the Aa1 rating issued by Moody’s. It comes with very low credit risk and indicates the issuer has a strong capacity to repay.