Ferguson Dean’s Post

**Why Financial Advice Is Crucial, Now More Than Ever** Did you know that 24.6 million people in the UK have never taken financial advice? This staggering statistic comes from the latest SJP Real Life Advice Report. According to the report, a shocking 11 million people are deterred by perceived barriers. The consequences? Many miss out on the benefits that financial advice can bring to their mental, emotional, and financial wellbeing. Breaking down these barriers is essential. One-third of respondents believe their personal situation doesn't warrant financial advice. Yet, those who do seek advice experience significant improvements in their quality of life, financial resilience, and mental wellbeing. 84% of individuals who received financial guidance reported feeling better mentally or emotionally. The industry faces significant barriers without there being a potential of untapped clients who have not received the financial education to participate. Is this due to a sense of the industry being the preserve of the few? Or is it lack of awareness of availability of financial advice. Feel free to get in touch or visit www.fergusondean.co.uk to learn more about how professional financial advice can benefit you. #FinancialAdvice #UKFinance #Wellbeing

💡 The value of financial advice: new insights from SJP 💡 St. James's Place (SJP) has unveiled its largest consumer survey to date highlighting the impact of financial advice across the UK. Key findings: 💰24.6 million people in the UK have never sought financial advice or guidance. 🧠84% of those who have received advice report significant mental and emotional benefits. 🏠 65% note improvements in their quality of life, such as achieving major life goals like home ownership or savings growth. 👥 75% would recommend receiving financial advice, increasing to 86% for those receiving ongoing support. Despite these benefits, many still believe financial advice isn't for them with 33% of survey participants believing their finances are too simple to warrant professional help. Find out more about how financial advice can make a difference: https://shorturl.at/F4G70 #FinancialWellbeing #FinancialPlanning #WealthManagement 

What the Public Really Thinks About Financial Advice 🤔 A report named ‘State of Flux from Canada Life UK has provided some eye-opening insights of the general public’s approach to financial advisers, showing areas where we can better connect with those who feel hesitant to engage with our services. Key Findings ⤵ While 45% of UK adults have seen a financial adviser, a significant portion still hesitates: 👉 21% believe they don’t have enough wealth to seek advice. 👉 11% lack trust in financial advisers, highlighting an ongoing challenge in the industry. 👉 9% are apprehensive about pushy sales techniques. For Clients, the Value is Clear For those who engage with an adviser regularly, the benefits go far beyond simple advice. Clients value: 👉 The human connection—with 19% valuing access to someone who truly understands their financial journey. 👉 Peace of mind over financial decisions, cited by another 19%. 👉 Regulation and accountability matter too, with 18% feeling reassured by the regulated nature of our work. The report also revealed that 12% of consumers regret not seeking financial advice sooner, often only understanding its benefits later ⌛ 🤕 Moving Forward The data highlights an opportunity for advisers: to break down barriers and address lingering misconceptions about our role. Financial advice isn’t about wealth thresholds or sales tactics—it’s about trusted guidance, genuine understanding, and strategic planning for the future. For those who are uncertain, I encourage you to reach out—financial advice is about bringing clarity, confidence, and support to your financial journey. #FinancialAdvice #TrustAndTransparency #WealthManagement 

What's the real-life value of financial advice? SJP's largest consumer survey, the Real Life Advice Report carried out by Opinium, examines the UK population's relationship with financial advice.  A third (33%) don’t think advice is relevant to them, while others aren’t aware of its benefits or don’t believe it’s the right time to take advice (8% and 7% respectively). 24.6 million people have never accessed any kind of financial advice or guidance. Among those who have received advice or guidance, 84% say they benefitted mentally or emotionally. The findings reveal that financial advice can - and does - transform lives. https://lnkd.in/exnhfjHP #financialadvice #wealthplanning #retirementplanning

What's the real-life value of financial advice? A survey carried out by Opinium, examines the UK population's relationship with financial advice. A third (33%) don’t think advice is relevant to them, while others aren’t aware of its benefits or don’t believe it’s the right time to take advice (8% and 7% respectively) 24.6 million people have never accessed any kind of financial advice or guidance Among those who have received advice or guidance, 84% say they benefitted mentally or emotionally The findings reveal that financial advice can - and does - transform lives. #finanicalplanning

Talking to someone about your finances can be a daunting prospect. But it doesn't have to be. Find a good financial advisor. Start by asking someone in the family or a friend for a recommendation. An initial meeting is without obligation and you could find the advice and recommendations to be life changing. Just knowing where you are heading can have a positive effect on your overall wellbeing. Always happy to see if I can be of help. And if I can't - maybe my youngest can - she's always positive! Have a great week! 😃 #financialplanning #endofschoolholidays

SJP's largest consumer survey, the Real Life Advice Report carried out by Opinium, examines the UK population's relationship with financial advice. At a glance A third (33%) don’t think advice is relevant to them, while others aren’t aware of its benefits or don’t believe it’s the right time to take advice (8% and 7% respectively) 24.6 million people have never accessed any kind of financial advice or guidance Among those who have received advice or guidance, 84% say they benefitted mentally or emotionally The findings reveal that financial advice can - and does - transform lives.

Long-term relationships with financial advisers can significantly enhance your financial future, provide support during major life events, and improve your overall quality of life. Our new study reveals that the majority of individuals receiving professional financial advice have remained with the same adviser. In fact, more than three-fifths have never switched advisers. The third chapter of the Real Life Advice Report, launching today, delves into the dynamics between clients and their financial advisers, highlighting the profound impact these connections can have. Read the full chapter here: https://ow.ly/yBys50TQPYw Opinium surveyed just under 12,000 UK adults nationwide in two polls between May and August 2024. Quantative data referenced is sourced from the first poll which had a total sample of 7,995 respondents. St. James’s Place Representatives represent only St. James’s Place Wealth Management plc, which is authorised and regulated by the Financial Conduct Authority #FinancialPlanning #RealLifeAdvice #SJP SJP Approved 22/10/24

Chapter three of our Real Life Advice Report - totally agree that the connection between adviser and client transforms lives. #RealLifeAdvice

What's the real-life value of financial advice? A survey carried out by Opinium, examined the UK population's relationship with financial advice and found the following: •33% didn’t think advice was relevant to them. •84% who took advice said they benefitted mentally from the advice. •75% of people receiving ongoing advice said it improved their quality of life. •47% said the advice enabled them to achieve a specific life goal. •86% of people taking regular advice would recommend it to others. Financial advice makes a real difference to people’s lives.