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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

The advice journey – why we seek financial advice, and why we stay with it. What prompts people to seek financial advice or guidance, and when? Chapter 2 of The Real Life Advice Report identifies five key ‘drivers’ that trigger people to get advice. Key Findings: 48% seek financial advice to help them with a key milestone or life event*. 18% of those surveyed sought financial advice due to the cost-of-living crisis, rising to 24% of 18-34 year-olds*. 12% said a change in job status had triggered a need for financial advice or guidance*. 27% sought advice when their savings and investments had grown to a point where they thought they should*. *Source: The Real Life Advice Report, commissioned by St. James’s Place and carried out by Opinium, surveyed just under 12,000 UK adults. 👉️You can find out more by reading the full article here: https://lnkd.in/dXu5hYZM #MondayMotivation #FinancialEducaton #FinancialWellbeing

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. 4 minute read # financialadvice #investing

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

Trust is vital in any relationship - especially the one with your financial advisor.

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? SJP's largest consumer survey, the Real Life Advice Report carried out by Opinium, examines the UK population's relationship with financial advice. #financialplanning #wealthmanagement #lifeplanning #valueofadvice https://lnkd.in/efx_p4SR

**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

**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

In today’s increasingly complex and challenging world, financial advice to help people navigate through life’s journey is more important than ever; a point vividly highlighted by a study from the Financial Services Compensation Scheme (FSCS, 2023) which raises fears over the consequences of a worrying financial ‘advice gap.’ FSCS research shows that almost two-thirds of UK adults with savings, investments or a mortgage have not sought regulated financial advice in the last five years. This warning highlights the key role we can play in helping people like you take control of your finances. Expert advice provides clarity to financial decision-making and thereby works towards ensuring people avoid taking any undue risks or make costly mistakes with their hard-earned cash. Another worrying finding from the FSCS survey was that over half of all adults who hold a financial product believe professional advice is just for the wealthy. This is clearly a commonly held misconception, but the reality is that everyone can benefit from the expert help, not just wealthy individuals holding a complicated array of assets. We’re always here to help bring clarity to your financial decision-making as you progress on life’s exciting journey. So please do get in touch – it would be great to talk with you. *Content is for informational purposes only. The value of investments and income from them may go down. You may not get back the original amount invested. #PersonalFinance #FinancialPlanning #FSCSSurvey