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Financial planning isn’t just for millionaires!

Financial planning isn’t just for millionaires!

When most people think about getting ‘Financial Advice’ they think that it’s for people with lots of money to invest and protect.  

In fact a recent report* has found that for people with less than £50,000 to invest, there is a lack of accessible financial services.  A recent survey** also found that 69% of financial advisers had turned away business in the last 12 months, with the most common reason being that people couldn’t afford it! Isn’t that ironic?! 

Thankfully our faithful friend ‘technology’ has brought about a new wave of financial advice alternatives for those of us who aren’t bathing in £50 notes on a regular basis!  The whizzy technical term for this digital newbie is ‘Robo-Advice’.

This doesn’t mean you get to meet with a robot, although that would be really awesome!  It simply means that you can access a simpler and cheaper route to invest your money.  It basically asks you some simple questions and puts you into a suitable basket of investments, depending on how much risk you are willing to take.  It then manages this basket of assets for you, so you don’t have to.

So the robo-advice covers the investment part… but what about other areas of financial planning? Most people could do with reviewing other important areas of their finances such as their pension, protection, will or mortgage on a regular basis!  

 

Don’t know where to start? Fallen asleep? Fear not!

Our free financial health check is a really good starting point for this.  It asks you 10 quick questions and then gives you a financial health score as well as details on which areas of your finances you need to sort out.  It’s really quick and easy!

If you decide you need some further support to get your finances on track… this is where our Lemonade Heroes come in!  For just £49 you get a 30 minute phone consultation with your Hero who will prioritise the areas of your finances you need to address for you.  You then get track plans emailed to you and email contact with your Hero for any questions you have.  

With all these snazzy new digital solutions, financial planning is now becoming more affordable and less scary than ever before.  See it isn’t just for millionaires!

Get started on your financial journey with our free Financial Health Check.

 

* This report is from the pensions and benefits team at Eames Consulting Group - October 2016

** A survey by The Association of Professional Financial Advisers - March 2016.

 

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