The Value of a Financial Broker

The benefits of dealing with a Financial Broker like Inverdea are varied:

(1)    Solid Financial Plans and Strategy

A Financial Broker will analyse your resources and ability to meet goals, needs (assets, liabilities, income and expenditure) and the major financial risks you are exposed to. A strategy will then be developed to minimise your risk and get the most out of your money over time.

This gives you greater financial clarity in relation to your current position and greater financial security for the future.

(2)    Assisting with Key Financial Goals

Typical financial goals a Financial Broker can help with are: protecting the living standard of your family in the event of your death; protecting your living standard against illness or accidents, which may prevent you from working; saving for your children’s education; saving for your retirement; investing lump sums appropriately to get the best return and devising a plan to achieve financial independence.

(3)    Matching Strategy to Risk Tolerance

Your attitude to risk is critical when making forward-looking financial decisions. A Financial Broker will work with you to assess your risk tolerance, either through specific risk analysis exercises or simply based on discussions with you. Once your risk tolerance has been assessed, a suitable plan will be created.

(4)    Making the Best Choice

Everyone is different. Your age and stage in life, your current circumstances and your future plans will all effect what will work best for you. A Financial Broker is experienced in creating customised plans for each individual client.

(5)    Finding the Right Price

A Financial Broker operates on a fair comparison basis. When there are multiple products that match your requirements, the lowest cost option on the market will be found. Planning for your future is not always a case of finding the lowest priced option, but when there are several suitable alternatives, it’s good to know you’re dealing with someone who can take a broad view of the market for you.

(6)    Making Sense of Complex Charges

Charges are the prices of investment and pension policies. They can be complex and may include policy fees, allocation rates, bid offer spreads and fund management charges. Some charges are better for shorter terms and in some cases higher charges are linked to valuable features such as guarantees and flexibility. The role of a Financial Broker is to assess al this information and explain it to you in simple terms.

(7)    Assessing Investment Performance

Future performance is not something that can be accurately predicted and there are many factors that can affect investment results. A Financial Broker will advise and assist you in developing a well-researched and structured investment that is compatible with your risk tolerance and is designed to achieve your goals.

A Financial Broker can also advise you when markets suffer periods of volatility. This guidance can give you confidence to stay invested for the longer term and achieve higher returns.

(8)    Product Feature Guidance

Financial products such as life assurance, serious illness cover, investment bonds and pensions can be complicated. A Financial Broker will guide you through the maze of technical features, highlighting relevant issues. This gives you greater peace of mind in making these major financial commitments.

(9)    High Level of Personal Service

You can expect a high level of personal service from a Financial Broker that may not be available from a large organisation. Sometimes when dealing with large institutions, you are rotated regularly to different advisers as people move around.

A Financial Broker typically has a long-term relationship with you, so you don’t have to spend time repeating yourself and can be assured that your adviser has a full grasp of your needs and requirements. The aim of a Financial Broker is to directly serve your interests over a long term as a client rather than a once-off customer.

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