You may think that working with a financial planner is all about smart money management – ensuring that you take appropriate steps to increase tax efficiency and your wealth is well-invested and properly managed.
This is absolutely what we’re here to help you achieve. But beyond good money management, financial advice can bring peace of mind and save you time.
Research from Vanguard reveals that:
- 86% of clients who work with a professional adviser report having greater peace of mind when thinking about their finances
- 76% of people say advice saves them around 100 hours a year.
At Ascenta Wealth, we work alongside you to not only ensure your wealth is invested with care, but to help you navigate life’s ups and downs, attain your long-term goals, and reach financial freedom.
Here are five meaningful ways financial advice – and the team at Ascenta – can make a big difference to you, your family, and your financial future.
1. Gain control of your everyday finances
Starting with the basics and getting to grips with your budget can bring almost instant peace of mind.
Pursuing a successful career while enjoying a busy home life can lead to chaotic finances. Add cross-border complications into the mix, and even if you consider yourself relatively organised, your budget can easily get out of control.
Where necessary, we’ll help you understand your income and outgoings and create a practical budget that aligns with your lifestyle and long-term goals.
It may sound simple, but taking stock of your situation could provide a clear plan for managing your day-to-day finances. Having clarity over your budget might also help you avoid impulse spending and potentially costly lifestyle creep.
Read more: Lifestyle creep: How to recognise it and 5 practical tips to protect your financial future
2. Pin down your long-term goals
Regular readers will know we talk about long-term goals a lot! And it’s one of the main areas of conversation when we first meet a new client.
As lifestyle financial planners, we want to know what matters to you, what drives you, and what lifestyle you want to be living in the future. So, first conversations, and indeed subsequent discussions, often veer away from financial topics and focus on your life, family, and dreams.
While this may sound straightforward, life’s biggest questions are often the hardest to answer.
Sometimes, a candid conversation with someone well-versed in finding what lies beneath can be all it takes to open up and reveal what had previously gone unsaid.
Understanding how you’d like your future to look is key. In fact, research has shown that setting savings goals can make you twice as likely to achieve your long-term goals.
Read more: Why life goals are crucial when plotting your financial plan
3. Create a bespoke financial plan
We’re here to help you achieve your ambitions and aspirations, and we work closely with you over the long term to ensure you meet your goals – your bespoke financial plan is key to this.
Your financial plan is a map that sets out suitable strategies that align your spending, saving, and investing with your future aspirations.
Knowing that you have a well-thought-out, personalised plan in place gives you confidence in your financial future. It provides clarity, structure, and strategy to help you achieve your financial goals.
With regular progress meetings and updates, we’ll be by your side to ensure your financial plan remains relevant and appropriate, even if your circumstances change. Which leads us nicely on to…
4. Instil confidence and support your investment journey
At Ascenta, we don’t just support you in designing your financial plan – we’ll be with you for the long term to help you stick to it.
We’ll work with you – celebrating your wins and motivating you to reach your savings milestones. Through constructive financial coaching, you can develop strong financial habits, and we’ll be there whenever you need a helping hand to remind you of your long-term plans.
Emotions can be a powerful driver of decisions and financial headlines love nothing more than instilling fear in investors.
From in-person advice to reading material and social media posts, our consistent and reliable messaging can help you to maintain your focus, without allowing emotional decisions to derail your plans or damage your long-term outlook.
Read more: Why market-doom stories are hard to ignore – and what to do about it
5. Build a long-lasting relationship with an expert you know and trust
Above all, financial planning is a steady, ongoing process that lasts a lifetime.
As such, we’ll be there throughout, helping you and your family to adjust your plan as circumstances change. Whether you receive an unexpected windfall, relocate to a new country, retire, or are forced to adjust plans due to ill-health or injury, we’ll be there to support you.
Ultimately, having a trusted financial planner by your side could help you navigate some of life’s challenges, all while reducing the stress of managing your wealth alone.
A final word
Research by Royal London and the International Longevity Centre UK found that people who took financial advice were, on average, £47,000 (S$81,256.41) better off than those who didn’t seek expert help.
To find out more about how we can help you to grow your wealth, enjoy greater peace of mind, and save time, please get in touch.
