Helping you Manage your Financial Affairs.
Gale and Phillipson is a professional, independent financial adviser, with a long history of successfully providing innovative financial planning, and investment management solutions to both personal and corporate clients.
We have offices in Newcastle, London, Richmond, and Northallerton. In our offices, our Wealth Managers are waiting to offer you a personal financial solution for every stage of your life. We understand that financial planning is one of the longest professional relationships that you will ever have, so we want to offer quality service throughout your working life and well into your retirement.
We offer a range of services to help you manage your financial affairs. For private clients, we can help with:
• Inheritance tax
• Retirement planning
• Care fees planning
• Tax-efficient investing
• High earners
We also work with corporate clients on:
• Corporate protection
• Group pension schemes
• Directors pension
• Automatic enrolment
What Does A Financial Planner Do?
A financial advisor is essentially your partner in planning. For example, if you want to retire in twenty years, or want to start saving to send your child to medical school in ten years, then a financial planner can help you. If you’re going to reach these goals, you might need the help of a professional who has the right skills and the right licenses to help you to make your goals a reality. This is where a financial planner comes in.
Working together, you and your advisor will cover a lot of topics. You will discuss the amount of money you want or need to save, the type of accounts that you will need for this and the kinds of insurance you should have, such as long-term care, term life, and disability. You can also discuss estate and tax planning.
A financial planner is also someone who can educate you on financial matters. Part of an advisor’s job is to help you to understand what is involved in meeting your financial goals. This process of education can include all kinds of detailed help on whatever financial topic that you don’t feel sure about. When you start working with an advisor, this might be budgeting and saving. Later on, as you advance in your own knowledge, the advisor may be able to help you understand more complex things like investments, insurance, and tax matters.
Signs That You May Need A Financial Planner
Anyone can work with a financial advisor or planner, at any age or at any stage of their life. You don’t need to be someone with a very high net worth or someone who has investments to benefit. In fact, all you need is to find the right advisor who suits you and your situation.
The decision to bring in professional help with your finances is always going to be a very personal choice. Any time that you feel overwhelmed, confused, stressed out or scared by the situation surrounding your finances, this is probably a good time to seek professional help.
You can also work with an advisor when you’re in a strong position with your finances if you want someone to make sure that you’re on the right track and suggest some improvements to your plan that will help you reach your goals in a more effective way.
If you don’t have the interest or the time to properly manage your finances, this is another good reason to hire a financial planner.
There are also some more specific reasons to hire a financial planner.
• None of your savings is invested or you don’t know how to invest. Due to inflation, any money that you keep as cash or in a low-interest account declines in value every year. Investing is the only way to keep your money growing. Unless you have a very high income, investing is the only way most people ever save enough in order to retire.
• You have investments, but you’re consistently losing money. Even the best investors sometimes lose money when the market is down, but in most cases, investing should be increasing your net worth by a considerable amount. If this isn’t happening, a financial planner can help you to identify where you’re going wrong and how to correct the problem.
• You don’t have a current estate plan. A financial planner can also help you to create an estate plan so your assets are handled in the way that you want after you die. If you aren’t properly insured or aren’t sure what insurance you need, a planner will help with that as well, by offering objective advice and helping you find the best deals.
To ensure that you are successfully managing your financial affairs for the future, you need to know what kind of future, exactly, you are planning for. What are the goals that will help you reach those longer objectives and, preferably with the help of a professional, what steps must you take to reach them?
Use the enquiry form on our website to send us a quick message or enquire about the services that Gale and Phillipson provide. We’ll make sure you get to speak to a practical and experienced local financial adviser best suited to your needs. Alternatively, feel free to give us a call today on 0191 468 2500 and and one of our Financial Advisers will be happy to help.