Our Blog

What is financial advice?

Financial advice is any professional service given to a client by an advisor who can help him/her with his financial assets, which includes investments and savings. Financial advisors often offer services such as creating financial plans for the future, answering questions related to retirement income or taxes, or helping someone buy stocks

How can financial advice help me?

Financial advisors Newcastle can help you with your finances in a variety of ways. For example, they may be able to answer any questions that arise about taxes or retirement income and give guidance on how to invest money for the future. Financial advice is not only given by financial planners, but also CPAs and accountants who work in accounting firms, banks, insurance companies, trust offices and brokerage firms.

What are some possible benefits of seeking out financial advice?

Some potential benefits include:

Better understanding if investment products suit your needs - Helping you estimate the amount needed when considering retirement - Understanding what type of investments might best serve as an emergency fund - Figuring out whether it suits your needs.

What is lifestyle financial planning?

With lifestyle financial planning, the focus is on setting goals and having a long-term picture of what you want your life to be like. This type of planning may include figuring out how much income someone needs after retirement, or determining whether it's worth borrowing money for college tuition versus taking out loans.

What is comprehensive financial planning?

Comprehensive financial plans look at all aspects of an individual’s finances such as cash flow management, investment strategies and savings policies for any children that are still in school or who will need care later in their lives. It also involves managing these assets so they don't run out before death occurs (if this happens). Comprehensive planners give advice about estate tax exemptions because there may not always be enough.