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Do You Really Need a Financial Adviser? Here’s What They Can Do

By RWB Wealth25 October 2023

Money can be confusing. Between pensions, investments, taxes and the everyday juggle of bills, it is no wonder many of us feel like we need a translator just to understand it all.

That is where a financial adviser comes in. Think of them as your financial sat nav: they will not drive the car for you, but they can help you avoid dead ends, traffic jams and the odd pothole.

So… What Even Is a Financial Adviser?

A financial adviser is not just someone who “likes numbers.” They are trained professionals who are qualified to help people make sense of their money. They pass exams, keep their knowledge up to date and are regulated to make sure the advice they give is solid.

In short, their job is to help you feel more in control of your money and more confident about your future.

Why Bother With One?

Sure, you can try to figure things out on your own. But Google searches and money blogs will only get you so far. A financial adviser can give you tailored guidance that actually fits your situation, instead of one-size-fits-all answers.

They also save you time. While you are working, raising a family or binge-watching Netflix, they are doing the research and keeping track of the financial fine print.

And let’s not forget accountability. It is easy to drift when life gets busy, but an adviser can check in, give you a nudge and keep you moving towards your goals.

What Can They Help With (Besides Stopping You Panic-Googling)?

Advisers cover a wide range of money matters. Here are a few of the big ones:

Budgeting and debt management, making sure your money lasts the month and your debts do not spiral out of control.

Retirement planning, working out how much you need, when you need it and how to build it up.

Investing, explaining the difference between shares, bonds and property, and helping you choose a mix that suits your comfort level.

Tax planning, making the most of tax allowances so more of your hard-earned money stays with you.

Estate planning, ensuring your money ends up where you want it to, with less stress for your loved ones.

Ongoing support, keeping your plan up to date and adjusting it as life inevitably changes.

How Do You Pick the Right One?

Not all advisers are created equal. Qualifications matter, but so does personality. You are going to be sharing details about your money and your goals, so you need to feel comfortable with them.

Check that they are regulated, understand how their fees work and ask about their usual clients. A quick chat, whether in person or online, will tell you a lot about whether they are the right fit.

Working With an Adviser Without Losing Your Mind

Once you have chosen someone, be open and honest. The more they know, the more useful they can be.

Ask questions whenever something does not make sense. No question is too small when it comes to your money.

And remember, a financial plan is not a “set it and forget it” document. Life changes — and your plan should change with it.

Final Thoughts: Adviser or DIY?

A financial adviser is not just for millionaires. They are for anyone who wants help making better money decisions, whether that means tackling debt, saving for a first home, planning for retirement or just feeling less stressed about finances.

In short, a good adviser helps you cut through the noise, stay on track and feel more confident about the future.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.


The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.

*Will writing involves the referral to a service that is separate and distinct to those offered by St. James's Place and along with Trusts are not regulated by the Financial Conduct Authority.

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26/10/2023
RWB Wealth Ltd is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services, more details of which are set out on the Group’s website www.sjp.co.uk/products. The ‘St. James's Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James's Place representatives.

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