Why do people use a Financial Adviser?

UK clients have outlined the key benefits to using a financial adviser, such as for peace of mind and to help them gain a clear plan on how to reach goals.

Research published by Hymans Robertson Investment Services (HRIS) has outlined the key benefits that clients receive from speaking to a financial adviser.

The company’s Consumer Survey 2023 surveyed more than 1,000 clients in the UK on why they would use a financial adviser. It looked at a number of topics including ‘value’ and relevant factors that could be used to assess it.

The report found that half (50%) of the clients use a financial adviser to “help gain a clear plan on how to attain their financial goals”. A further 50% said the expertise of financial planners outlines the “most appropriate investment vehicles”.

Meanwhile, over half (54%) of clients said they use a financial adviser for their peace of mind.

Just under half (47%) of clients reported that they trust an adviser’s expertise around retirement planning, while 44% rely on their expertise around tax planning.

If you would like to understand better what one of our expert Financial Advisers can do for you please get in touch for a fee no obligation discussion.

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