Why ongoing financial advice could give you confidence in the future

In the current environment, it is more important than ever to have someone who can help you with your finances.
Many people don’t feel confident making financial decisions, which is why ongoing financial advice could reduce your anxieties and help you build confidence in your financial future.
Handling finances is a part of life and something that most people do, but for many it can be a stressful experience. Indeed, many people are not confident when it comes to making financial decisions, and getting financial advice could ease your concerns and your state of mind.
Even for those who feel financially comfortable, managing your financial affairs can still be a cause of concern. In fact, it could be even more stressful as you have things to consider such as how to reduce tax liability or how to make use of allowances to pass on wealth to your loved ones.
Many are worried about the future too. Even if you feel you can handle your finances now, what would happen if you faced a sudden financial shock? And will you be able to manage your finances when you retire and may not have the luxury of a reliable income?
This can be why building a relationship with a financial planner could alleviate your financial concerns and help you plan your future with confidence.
Help with creating a sustainable financial plan
A survey published in IFA Magazine in January 2025 highlighted that more than half of over-55s are worried about running out of money in retirement and are confused about retirement income options. Only 27% of those surveyed said they weren’t concerned about running out of money.
In addition, in the here and now, you may be worried about how you’d cope if you became too ill to work, or as a parent, you might want to set aside a financial safety net for your family in case the worst should happen.
Life is unpredictable which means that managing your finances to ensure your future financial security can be difficult. However, a financial adviser can work with you to help you understand how the decisions you make now could affect your security in the future.
A cashflow model provides could help you understand how your financial situation will change over time.
Cash flow modelling can help you visualise your future and dig into what your monetary goals are. Many people state that their financial goals are ‘safety’ or ‘financial independence’, without understanding exactly what that means to them.
Using cash flow modelling, we can help you picture your future expenses, your big goals and dreams, aligned with your current financial plans, and then take action to make those dreams a reality.
The outcomes of a cashflow model cannot be guaranteed, but it can provide a useful overview of how your finances might change and highlight potential gaps, which provides an opportunity to close them.
As a cashflow model relies on accurate information, regularly updating the data is important.
Boost your financial confidence
According to a February 2025 survey from Moneybox, two-thirds of UK adults (c.35 million) are on average £65k worse off because of low levels of financial confidence and knowledge.
The study found that only 32% claim to be very confident in managing their personal finances. And 64% of UK adults believe they have missed out on financial opportunities in life, with 35% blaming a lack of financial knowledge specifically, and 29% citing low financial confidence.
This is part of the enduring legacy of poor financial education in the UK, and indeed most have been left to figure out how to manage their finances and plan for the future through trial and error. In fact, more than a quarter of those surveyed (26%) do not feel they have ever learned how to manage their finances.
This is where working with a financial planner can help, as you have someone to turn to when you don’t understand something or aren’t sure what the right choice for you is. The reassurance of knowing someone is there for you could ease financial stress.
There are many occasions in life where financial advice can make a big difference to you, as our why go for financial advice article outlines.
And it can pay. An article on the unbiased website highlights the value of financial advice. It points out that financial advice can make people, on average, nearly £48,000 better off in pensions and financial assets compared to those who don’t take advice, according to the International Longevity Centre (ILC).
Financial planners can keep your emotions in check
You may have all your investment and retirement plans in place and then markets throw a curveball, as witnessed recently with the initial impact of Trump’s tariffs.
When stock markets take a big drop, the loss aversion gene in most of us can cause our stomach to start churning, as nobody invests their hard-earned money just to lose it!
If you don’t work with a financial planner who can remind you that the market will go back up in time (because it always has), your emotions could take over your logic and cause you to make some rash decisions – like sell some of your investments and crystallise the losses.
A good financial planner will strongly encourage you not to panic and to leave your investments alone. He/she may also suggest you invest to buy funds or shares at a lower price.
Similarly, when a stock or new investing fad is soaring, a financial planner will help you keep a balanced portfolio and not turn your retirement outlook into a roulette wheel.
That’s why you need a financial planner. Emotions may feel real, but you need an impartial and objective appraisal of the situation.
Contact us to talk about your financial plan
In these uncertain times, having a financial planner that understands where you are and what you’re going through, can be a real bonus. Right from our first initial consultation, we seek to work with you to build a long-term financial strategy that is personally tailored for you and designed to meet your current and future financial objectives.
So, to discuss your financial situation and plans, please do not hesitate to give us a call.
Please note
This article is for general information only and does not constitute advice.
The Financial Conduct Authority does not regulate cashflow planning or tax planning.
The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.
Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.
A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Past performance is not a reliable indicator of future performance.
The tax implications of pension withdrawals will be based on your individual circumstances. Thresholds, percentage rates, and tax legislation may change in subsequent Finance Acts.