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Investment Insights

Investments do rise and do fall in value and we strongly advise that professional advice is taken before investing your money

The power of advice.....

13/7/2017

 
As reported by FTAdviser; Those who receive financial advice are on average £40,000 better off than those who don’t, a new report has found. Research, published by the International Longevity Centre and Royal London, found those who received financial advice between 2001 and 2007 accumulated significantly more liquid financial assets and pension wealth than those who didn’t by 2012 to 2014.
The report, called The Value of Financial Advice, examined the impact of advice on two groups: the 'affluent', who are wealthier and more likely to have degrees and be homeowners, and the 'just getting by', who are less wealthy and more likely to be single, rent and have lower education levels.
It found that the 'affluent but advised' accumulated on average £12,363 (or 17 per cent) more in liquid financial assets than the affluent and non-advised group, and £30,882 (or 16 per cent) more in pension wealth, making a total of £43,245.
Meanwhile the 'just getting by but advised' accumulated on average £14,036 (or 39 per cent) more in liquid financial assets than the just getting by but non-advised group, and £25,859 (or 21 per cent) more in pension wealth, bringing a total of £39,895. full article follow the link https://www.ftadviser.com/your-industry/2017/07/13/financial-advice-leaves-people-40k-better-off/



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    Steven is a Fellow of the Personal Finance Society, whom is passionate about investing and getting the most from your money.

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Steven Mufti & Associates Ltd is authorised and regulated by the Financial Conduct Authority.
Financial Services Register Number 607613.


Registered in England & Wales, Company number 8664240.
 Registered Office address: 27 Armitage Court, Ascot, Berkshire, SL5 9TA.
Telephone: 01344 623811  Email: advice@smawm.co.uk


The guidance and or advice contained within this website is subject to the UK regulatory regime
and is therefore primarily targeted to customers in the UK.
The FCA does not regulate taxation advice.  The value of your investments may fall as well as rise.


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  • Home
  • How we work
  • About Us
  • Who We Work With
    • Business Owners
    • People Planning and Enjoying Retirement
    • Professionals and Contractors
  • Contact us
  • Blog
    • Savings Calculator
    • Guide to Pensions
  • Live Your Best Life eBook
    • Facebook campaign