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Why successful people hire a financial planner

Author: Longhurst
Date: 16 March 2023

Successful people hire financial planners for a variety of reasons, including:
1.  Objectivity: A financial planner can provide an objective perspective on a person’s financial situation. They can help to identify areas where a person may be overspending or underinvesting, and provide guidance on how to make the most of their money.
2.  Professional expertise: Financial planners have the knowledge and skills to help people navigate the complex financial landscape. They can help people understand the various investment options available and make informed decisions about where to invest their money.
3.  Long-term planning: Financial planners can help people create a long-term financial plan that takes into account their current financial situation, future goals, and potential risks. They can help people to identify and plan for potential roadblocks and ensure that they are on track to achieve their financial goals.
4.  Tax planning: Financial planners are experts in tax planning and can help people to minimise their tax liability. They can also help people to take advantage of tax breaks and deductions that they may not be aware of.
5.  Estate planning: Financial planners can also help people to plan for the distribution of their assets after they pass away. This can include creating a will, setting up trusts, and identifying the best way to pass on assets to loved ones.
6.  Diversification: Financial planners can help people to diversify their investments and manage their risk. They can help to create a portfolio that is well-balanced and includes a mix of different types of investments.
7.  Time-saving: Financial planners can help people to save time by managing their finances and handling paperwork on their behalf. This can free up time for people to focus on other important areas of their life.

In Summary

Overall, hiring a financial planner can provide peace of mind and help successful people to make informed decisions about their finances, so they can focus on achieving their goals.

Next steps

If you have any questions about any of the above, or wish to discuss your financial plan with us, please get in touch.

Chris Broome FPFS
Chartered Financial Planner
(01327) 223243

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