Raising awareness for the benefits of financial planning
Expert Wealth Management are proud to have registered their interest in Financial Planning Week 2016.
Each year, the Chartered Institute for Securities and Investment (CISI) runs Financial Planning Week, a campaign designed to unify the financial planning profession and highlight the positive impact financial planning services continue to have on individuals and businesses throughout the UK.
How does Financial Planning Week work?
The campaign depends on the support of financial planning firms across the country to raise awareness for the genuine value and financial security that professional advice can provide.
By registering their interest in Financial Planning Week, firms agree to support and promote financial planning and the positive ways in which it can improve their clientsā€™ understanding of and attitude towards their wealth.
How can firms get involved?
Firms can raise awareness using a variety of means. Some of these include the following:
- Going public with standout examples of financial planning carried out over the past year to highlight how considered financial planning has benefitted both individual clients and businesses.
- Raising awareness amongst local and national audiences through the media and other journalistic opportunities.
- Organising meetings and events to promote discussion, alleviate concerns, and invite conversation on the subject of financial planning.
- Run free financial surgeries for a day for the benefit of the local community.
- Spread the word through their website, emails, blogs, newsletters, and social media pages to promote Financial Planning Week itself.
There are many other ways registered firms can help to get involved and bring communities closer to the financial planning services that can help them.
Why is financial planning so important?
Wealth is often perceived as a limiting factor that restricts us from doing the things we love or value. Financial management is about changing this attitude. It is more than just investment planning.
By taking a holistic approach to wealth management, one which considers your finances alongside your goals and aspirations, it opens up new financial opportunities and gives you a clearer idea of how you can realistically achieve these.
1. About
Your financial advisor will work with you to identify your goals. Together you will prioritise these, helping you to find out what matters most to you. This will give you a clear image of what you are aiming for, as well as providing you with motivation to reach it.
2. Your finances
How much are you spending in relation to your earnings, and what can you afford to spend now and in the future? With your goals in mind, your financial advisor will go through your finances with you. They will examine your sources of income as well as the specifics of your outgoings in order to identify financial opportunities and areas where changes can be made.
3. Your plan
Based on your life goals and your financial assessment, a financial plan will be created. This details the steps you should take to fulfil your financial aspirations and reach your goals. The whole process takes the stress out of budgeting and makes the outcome seem more obtainable.
Expert Wealth Management
There are times when you might feel the advice of an independent financial planner could be beneficial. If this is the case, then the advisors here at Expert Wealth Management can help you to consider your options.
Through a personal assessment they will be able to recommend courses of action to you and give you impartial advice that could potentially save you time, money, and stress in the long term.
Good financial planning can help you to organise and better understand your wealth for a more secure and exciting financial future. This is what Financial Planning Week aims to promote, so that whoever you are and whatever your goals, your finances work for you and not the other way round.
Financial Planning Week 2016 commences on Monday June 6th.
