The financial advice you receive may include recommendations on a range of products, including insurance, pensions and investments. A good adviser should explain the costs involved, such as their fees and charges on the products they recommend. You should also check whether they are a fiduciary who is required to act in your best interests, and how they make money, ideally before you sign up with them.

Top financial advice may be able to find some financial advice for free or at a low cost. For example, you could get financial guidance from a charity or an adviser who charges only their hourly rate for meetings or a retainer. You should check that the adviser has a Statement of Professional Standing, which shows they’re required to keep up to date with their professional skills.

Top Financial Advice Every Investor Should Know

A financial advisor can be a valuable partner as you take the steps to manage your money and achieve your goals. However, the value of advice can vary by your circumstances. You should assess if you have the right mix of life stages to benefit from advice, and be aware that your advisor may focus on particular areas of financial planning, such as retirement or tax.

Personal finance is a journey that changes with each stage of life. You can improve your financial well-being by establishing the habit of saving and “paying yourself first” — routing money into a savings account each pay cycle and building an emergency fund. Having access to financial advice can help ensure that you meet your short-term needs, such as rent and utilities, and your long-term goals, like retirement savings and home ownership.…