Please see below an article from FT Adviser, which was received late yesterday afternoon and details how financial advice is ‘intrinsically linked’ to good mental health:
As you can see from the above article, receiving financial advice putting a plan in place, especially for retirement accompanied with regular reviews can have a positive impact on an individual’s mental health.
It’s easy to understand why this is the case as by firstly receiving financial advice, we (as IFAs) can help you identify and prioritise your needs and objectives. Then, by reviewing these plans on a regular basis and knowing where you are in terms of achieving your desired goals should help give people peace of mind knowing what they need to do (if anything) in order to achieve their objectives.
The cost/benefit issue is not necessarily understood by prospective clients. As a client you can understand the value of advice. Research in this area has indicated that the ongoing advice and guidance is good value for money.
Please continue to check our Blog content for advice and planning issues and the latest investment, markets and economic updates from leading investment houses.
Please keep safe and healthy.
Carl Mitchell – Dip PFS
Independent Financial Adviser
25/11/2021