Finding the right financial advisor can be a difficult task. A couple who are planning to retire and who are looking for pensions advice, for example, will clearly have very different requirements to a younger company director working on a start-up enterprise. Choosing a financial advisor will involve finding a practice with expertise and experience in the area that you are seeking advice on, and its always a good idea to check their background, qualifications and look at other client reviews.
Cambridge is renowned as a city of start-ups, enterprise and innovation with a younger population, whereas places such as Southend-on-Sea have a different demographic profile and older population. In other words, different areas tend to have different requirements when it comes to financial planning.
S K Wealth Solutions is an example of a financial practice that offers a range of solutions for different age profiles. Based in Cambridge, they specialise in offering ‘simple yet highly effective solutions to complex problems’ and welcome the opportunity to help start ups to established companies, non-professionals to professionals, and company directors to retired clients. Their emphasis is on maintaining a long-term relationship with clients and providing them with a source of trusted advice as their financial needs evolve over the years.
People can also be put off seeking financial advice because of perceived high fees. In reality, most financial advisors offer a no-cost, no-obligation initial meeting where you can discuss your requirements and objectives, find out if and to what extent the advisor can assist, and then get an estimate of the costs involved. All financial advisors are authorised and regulated by the Financial Conduct Authority, providing you with further peace of mind. Whether its requiring access to advice on retirement planning, insurance, savings, investments or tax, a suitably qualified financial advisor can help with getting your finances in order and planning for the future.