The whole point of taking financial advice is to get back more than you put in. Every year we carry out consumer research to try and measure the net benefits of seeing a financial adviser. How do the rewards weigh up against the costs? We call this the value of advice.
The many different kinds of value
The value that comes from financial advice may take numerous different forms, including:
- Return on investment
Getting back more money than you invested, including the cost of the advice
- Future security
Ensuring you will have enough income in later life (e.g. pension planning)
- Peace of mind
Knowing you have made the best practical choices and obtained the best deals the market has to offer you
Making sure you and your family have safeguards in place against unfortunate circumstances (e.g. illness, job loss, premature death)
- Achieving goals
Overcoming challenges and reaching milestones (e.g. finding the right mortgage for your dream home)
- Avoiding mistakes
Reducing the risk of making financial decisions you regret, or falling victim to fraud
Discovering new and unexpected ways to make your money work harder for you
Show me the money!
See the hard figures behind the value of advice on our Statistics page.