Legacy

In a world where financial decisions can have profound consequences, a financial adviser can become a beacon of insight and expertise. But who are these professionals, and what exactly is their role? Here we shine a light on the world of the financial adviser; an increasingly important profession.

A financial adviser is a professional who has undertaken training and is qualified to provide advice and guidance on financial matters and recommend suitable financial services and products.

As we travel through life, our financial priorities change and our financial goals and needs evolve. In this article, we explore how money priorities can change with age and what steps you can take to make the most of your finances at each stage.

Better living conditions, medical advances and healthier lifestyles mean that people are living longer. Around a fifth of the UK population is now over 65 years of age and, it is estimated that by 2050, it will be one in four people.

As we go through life, we rely on our parents to care for and support us. However, with people living longer, it is increasingly likely that the roles will one day be reversed, and you may need to care for, and support your parents in the future.

Insuring your life is a slightly odd concept as it is one of the few things you pay for that you never actually benefit from! However, knowing your family will benefit financially if you die can be a great comfort to some people, but do you need it?

People have varied reasons for giving to charities. Sometimes it is because the charity supports something they believe in, or it has helped them or a family member in the past. Giving to a charity not only benefits the organisation, but it also provides a sense of wellbeing and empowerment to the donor because they know they are doing something positive by helping others. In fact, research has found that donating to a charity increases activity in the part of the brain that registers pleasure.