Are Financial Advisers worth it?

Are Financial Advisers worth it?

When you consult our beloved friend, Google, the most commonly asked question when it comes to Financial Advice is; Are Financial Advisers Worth It? It’s a query that has clearly piqued the curiosity of many, and today, we’re here to shine a light on the topic, and explore a few of the other frequently asked questions along the way. 

According to The Times, “If you need help making the best financial choices for you and your family, paying for a professional could save you money, time, and sleepless nights. Financial advice is not just for the wealthy, but for anyone who has financial goals or a specific need and isn’t sure what is the best way to meet it.”

Money Helper echoes the sentiment highlighting that “If you’re looking to invest, buy a financial product, manage your money more effectively or simply plan for the longer term, financial advice can be a good investment. Whether you need financial advice will depend on a number of factors, such as the product or service you’re looking for, your goals, your own financial understanding and experience, the complexity of your needs and your personal circumstances.”

Amongst the most commonly asked questions according to Google, ‘Is a Financial Adviser free / expensive’ were also hot topics. Of course, working with a Financial Adviser costs money if you choose to use their services. But “This is Money” elaborates by saying “In the long run, a good financial adviser will justify their fee by making you a wealthier individual than if you opted to go it alone.” 

When choosing a Financial Adviser the initial conversation is usually no charge, and you would pay them a fee / percentage if you choose to go ahead and use their services. Financial Advisers and Wealth Management firms should always communicate their fees in a simple, transparent and upfront way with you.

When would be a good time to look into getting a Financial Adviser? 

They go on to summarise the four times in your life when it pays to get a financial adviser to help you manage your finances, which include: 

  • Getting married and having children: Major life changes like these call for solid financial planning, and a financial adviser can be your trusted ally.
  • Receiving an inheritance: Handling an inheritance can be overwhelming, but a financial adviser can guide you through making the most of this windfall.
  • Approaching retirement: As you near retirement, ensuring your financial security becomes paramount. A financial adviser can help you sail into your golden years with confidence.
  • Leaving a legacy: Thinking about the legacy you’ll leave behind? A financial adviser can assist in creating a meaningful and impactful plan.


So, if you find yourself at any of these pivotal points in life, it’s time to consider seeking financial advice.

And just do address the final most popular question according to Google, ‘Are Financial Advisers Regulated?’ The answer is yes! The FCA requires financial services providers to be authorised or registered before they can offer regulated activities. These include, but are not limited to, providing consumer credit, providing insurance products and providing advice on investments.

What would be the reasons to not use a Financial Adviser?

On the flip side, If you are comfortable that you can make these decisions for yourself, financial advice probably won’t be worth it for you.

The key to finding the right financial adviser is knowing what type of advice you need, and choosing an adviser who can create a plan tailored to your financial goals, and not just the cookie cutter approach.

Using a local firm can also have its benefits as they are more accessible, can meet with you face to face and can have more competitive fees.

Would a Financial Adviser be worth it for you?

Here at Beesure, we take pride in being independent, regulated advisers, ready to offer you our expertise and support. Don’t hesitate to reach out to us today. Your financial success and peace of mind are our top priorities, and we’re always delighted to help you on your financial journey. So to find out if a Financial Adviser would be worth it for you, get in touch! 

[Disclaimer: The blog content is for informational purposes only and not financial advice. For personalised financial guidance, consult a qualified financial adviser.]

Further Reading:

https://www.thetimes.co.uk/money-mentor/article/financial-advice-cost/#:~:text=If%20you%20are%20comfortable%20that,Reduce%20your%20tax%20bill

https://www.moneyhelper.org.uk/en/getting-help-and-advice/financial-advisers/do-you-need-a-financial-adviser

https://www.thisismoney.co.uk/money/wealthcheck/article-6553603/Is-financial-advice-worth-Four-times-life-pays-professional-help.html

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