Is now the right time for financial advice?

Right now, it can feel like the goalposts are constantly shifting. Just as you adjust your finances to cope with higher-for-longer interest rates and persistent inflation, new global developments - from central bank decisions to the conflict in the Middle East - can quickly change the outlook again.

Add in ongoing cost-of-living pressures, and many of us are taking a closer look at what we spend - and what we save. Plans are being adjusted, and trade-offs are becoming part of everyday financial decision-making.

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Anyone with a mortgage coming up for renewal who secured a long-term deal years ago (the lucky ones) is likely to face higher borrowing costs than they’ve been used to in recent years. And for those nearing retirement, sticky inflation and market uncertainty may mean rethinking timelines, income needs, or how their savings are invested.

Even relatively straightforward financial plans can start to feel more complicated in this kind of environment - which is where financial advice comes in.

At times like this, a financial adviser can help cut through the noise and bring a clearer, more structured perspective to your finances.

And while it’s not always easy to talk to those close to you about money, it's worth thinking about - especially if your financial plans affect them. Involving family members when seeking advice can help avoid misunderstandings later on, particularly when it comes to passing on wealth, Fidelity’s financial advisers are open to including others in these conversations if it’s useful to you.

Why do people take financial advice?

There are three core benefits to taking financial advice.

Peace of mind. A financial adviser, supported by investment specialists, can help take some of the effort - and emotion - out of managing your money. In a world of shifting interest rates, persistent inflation and geopolitical uncertainty, it’s easy to react to short-term market movements. Having a plan can help you stay focused on the bigger picture.

Tax-efficient investment planning. No one wants to pay more tax than they need to. A personal recommendation will look at how you can invest in a tax-efficient way, helping you make the most of your allowances and potentially keep more of your money working for you.

A diversified portfolio built for the long-term. Taking a long-term view and holding a mix of investments can help your portfolio stay aligned with your goals and risk level. A financial adviser will consider all of this - helping to reduce the impact of short-term events, whether that’s inflation surprises, interest rate changes or geopolitical tensions.

Is financial advice right for you?

People often choose financial advice if they don’t have the time or confidence to manage their investments themselves - or simply want reassurance they’re on the right track.

If you have over £100k to invest (as there may be more cost-effective means of investing if that’s not the case) and want either a personalised investment or retirement plan or both… you may benefit from speaking to a financial adviser.

How do I get financial advice?

Fidelity will only suggest financial advice if we think it’s right for you. That’s why we offer a no-obligation, free and informal chat in the first instance. This initial discussion only lasts about 30 minutes. It’s a two-way conversation where we’ll get to learn a bit about you. And you can ask as many questions as you like too.

Just call 0800 222 550 to set up an appointment or arrange a call back. You can also read more about financial advice here

Important information: Investors should note that the views expressed may no longer be current and may have already been acted upon. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.