Do You Need A Financial Adviser?
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4 hours ago
An expert guide to seeking professional financial advice
Getting a financial adviser might feel like something reserved for ultra high net-worth individuals, but many people could benefit from expert tips when it comes to managing money. We asked the experts at wealth management firm Brooks Macdonald and Brooks Financial how to decide if it’s right for you, and where to seek advice.
‘At Brooks Macdonald and Brooks Financial, we understand that wealth is the work of a lifetime,’ says Leanne Harvey, Wealth Director at Brooks Macdonald and Brooks Financial. ‘It’s shaped by opportunities, decisions, and milestones from buying a home or growing a business to preparing for retirement or passing on your legacy. That’s why our financial planning advice is personal, dynamic, and built for the long term.’
Below, Harvey answers our questions about seeking out a financial adviser or financial planning.
How Can I Benefit From A Financial Adviser?
‘A professional financial adviser will partner with you, listen to your needs, explore your options and make a plan bespoke to you, with the ability to adjust it as things evolve through your lifetime.
‘We will help you identify and work towards your financial goals, providing an objective, professional viewpoint to enable you to consider options you might otherwise not have thought of or realised were possible. For example, an adviser could help you grow and protect your wealth, prepare for retirement or help you plan for passing on your wealth and address issues such as income, capital gains and inheritance tax.
‘Brooks Macdonald is a UK focused wealth manager and for almost 35 years we’ve been serving clients across the UK with the aim of bringing financial confidence and helping our clients look after their wealth, the work of a lifetime.’
When Should I Seek Advice?
‘There are key decisions and memorable moments in life when financial advice can make a real difference. Buying a house, getting married, starting a family, receiving a lump sum through inheritance, a divorce settlement, or the sale of a business. Financial planning support for women empowers informed decision-making and financial confidence at every life stage through personalised cash flow planning.
‘It’s at those times that having someone as a partner in wealth management can really make a difference. We can also help you to form your retirement plan. Brooks Macdonald’s Retirement Strategies can help bring clarity, choice and confidence to your retirement and financial planning options.’
What Is Financial Planning?
‘Financial planning is about understanding your goals, values, and life stage. Together, we look at how much risk you’re comfortable taking, and the potential impact of the macroeconomic climate and tax implications. We use tools like cash flow modelling to create a plan that’s affordable, flexible, and tailored to you to bring you peace of mind.
‘Financial planning ensures you have access to funds when needed, prepares you for life’s unpredictability, supports long-term savings, and provides a strategy for lasting financial security.
‘Brooks Financial is the financial planning business of Brooks Macdonald. Our services include:
- Mortgages – from first-time buyers to high-value, complex arrangements
- Tax-efficient savings and investments
- Estate planning and family protection
- Sporting professionals – we’ve been looking after some of the best footballers and other sports professionals for many years
‘With the right planning, we can create a tax-efficient, flexible, and bespoke strategy that reflects your choices and priorities. We provide an annual review service to ensure you keep on top of your finances. In addition, many clients reach out to discuss everything from managing income in retirement to making pension top-ups within their annual allowance.’
Find Out More
If you’d like to find out more about financial advice, get in touch with Brooks Macdonald for a free, impartial conversation by emailing [email protected].
Important Information
The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results.
Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No 04402058. Registered office: 21 Lombard Street London EC3V 9AH.
