At what point is it worth getting a financial adviser? Identifying key milestones and financial complexity
Published 5 August 2025
Recognising the value of professional financial guidance
Ever feel like your finances are more confusing than they should be? You are not the only one.
Whether it is juggling bills, planning for the future, or figuring out how to invest, money decisions can quickly become overwhelming. That is where a financial adviser steps in, not just when you are in financial trouble, but also when you are ready to take your money game to the next level.
There is no one size fits all answer to when you should get advice. It depends on your goals, your life stage, and how complex your finances have become.
Let us explore the moments when expert guidance can really make a difference.
Before we continue, I refer to myself as a financial adviser and a Chartered Financial Planner. This is because most people do not know what a financial planner is, but have heard of a financial adviser. But there are key differences. Read more about it in my earlier blog here.
Key financial milestones that often signal the need for an adviser
Approaching retirement or planning for retirement income
Thinking about retirement? It is crucual to think about making you savings work for YOU, rather than just counting down the years.
A financial adviser for retirement planning helps future you to be able to keep affording enjoyinh life. They can help you figure out when to retire, how to use your pension wisely, and how to stretch your income throughout your later years. They will help you avoid common tax traps and plan so that you do not outlive your savings.
Even if you are already retired, getting help managing drawdowns and budgeting can bring peace of mind.
Experiencing significant life changes with financial implications
Life throws curveballs. Marriage, divorce, starting a family, changing jobs. These events shift your financial priorities overnight.
A financial adviser for life changes helps you navigate these transitions without losing momentum. Whether you are dividing assets after a separation or planning for your child’s future, a good financial adviser will help you make calm, confident decisions.
A real example? After a divorce, one of my clients used expert advice to rebuild her financial life and felt secure again within 12 months.
Receiving a substantial financial windfall
Inheritances, bonuses, or business sales can feel like a blessing, but they also come with pressure.
What do you do with that money? How do you avoid overspending or paying too much tax?
A financial adviser for inheritance or windfalls will help you develop a plan that aligns with your goals and ensures that lump sum sets you up long term.
Planning for major purchases or investments
Buying a home, investing in property, or paying for education? These big decisions benefit from careful planning.
An adviser can help you understand what you can afford, set savings targets, and structure your investments. Their guidance helps reduce risks and improve outcomes.
One client used advice to buy a family home without compromising their retirement savings, and still went on holiday and enjoyed life that year.
Levels of financial complexity that warrant professional assistance
Managing multiple or complex investments
Got a growing investment portfolio and worried about if you are doing the right thing? It might be time to call in reinforcements.
An investment adviser helps manage your assets across pensions, ISAs, and more. But they also ensure investments are diversified, tax efficient, and tailored to your long term goals.
Trying to DIY a complex portfolio can lead to missing key tax planning opportunities or take unnecessary risks.
Dealing with intricate tax situations
The UK tax system can feel like a maze, especially if you are self employed, earn from multiple sources, or fall into a higher tax band.
A financial adviser for tax planning knows the ins and outs. They will help you reduce your tax bill legally, make the most of allowances, and avoid penalties. And can support you along the years as the tax rules and your life changes.
That means more of your hard earned money stays with you, and straight to HMRC.
Estate planning and wealth transfer needs
Planning what happens to your money after you are gone can be emotional, but it is essential.
A financial adviser can help make sure that your loved ones are protected and your wishes are clear. This can include reducing potential inheritance tax bills, working with your lawyer to ensure your wills are structured correctly, and advise on trusts or investment companies if needed.
Peace of mind today. Security for your family tomorrow.
Personal circumstances and readiness for financial advice
Feeling overwhelmed or lacking financial knowledge
Not everyone enjoys number crunching. And you do not have to.
A financial adviser for beginners makes things simple. They explain your options in plain English and help you feel confident, not confused.
You do not need a finance degree to make smart decisions, just the right guide.
Not having the time or interest to manage finances effectively
Busy juggling work, family, or just life? Then you know managing money can fall to the bottom of the list.
An adviser handles the details, so you do not have to. You stay in control of the big stuff, while they keep everything running smoothly.
It is one less thing on your plate and one more thing done right.
Wanting objective and unemotional guidance
We all get emotional about money. Fear, excitement, guilt, it is a lot.
A financial adviser brings a calm, unbiased perspective. They help you avoid knee jerk reactions and stay focused on the bigger picture, especially during market volatility.
Think of them as your financial sounding board.
Seeking accountability to achieve financial goals
Got big goals but no follow through? You are not alone.
A financial adviser becomes your accountability partner. They help set realistic goals, keep you motivated, and adjust your plan as life changes.
It is like having a personal trainer, but for your money.
Is there a specific net worth that triggers the need for an adviser?
Debunking the "net worth threshold" myth
You do not need millions in the bank to benefit from financial advice.
The idea that there is a "right" net worth to hire an adviser is outdated. In reality, it is your financial complexity and future goals that matter most.
Focusing on complexity and financial goals over net worth alone
Someone with £100,000 saved and multiple income streams might need as much help as someone with £500,000 in one pension pot.
It is not just about how much money you have, it is about how many decisions you are juggling. If you are unsure, a quick consultation can provide clarity.
The potential return on investment of a financial adviser
Beyond just investment returns
Sure, advisers help you grow your money, but that is just the start.
They also help you avoid common mistakes, reduce unnecessary taxes, and make more informed choices. The value of a financial adviser includes peace of mind, confidence, and time saved.
St. James’s Place’s real advice report found: 84% say they have benefitted mentally or emotionally as a direct result of taking financial advice. This increases to 92% for those who receive ongoing advice. You can read more of the insights here.
Weighing the cost of advice against potential benefits
Yes, there are fees. But when you weigh those against the long term benefits like better investment performance and fewer financial missteps the value often stacks up.
Financial adviser fees in the UK vary, but many offer fixed fee or pay as you go models.
Think of it as paying for expertise, much like hiring a solicitor or accountant except this one helps grow and protect your wealth.
Final thoughts: is now the right time for advice?
Whether you are planning for retirement, sorting through a life change, or trying to make smarter financial decisions getting help from a financial adviser can be a game changer.
This is not about having it all figured out. It is about knowing when to ask for guidance so you can move forward with confidence.
Remember, financial clarity is not just about numbers it is about freedom, peace of mind, and having a plan that feels right for your life.
☕ Curious about how financial advice could support your next move? Let us have a no obligation Clarity Call and see what is possible.
Your wealth wingwoman,
Shalini
P.S. It is never too soon, or too late, to start planning for your future self.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.
Wills & Trusts are not regulated by the Financial Conduct Authority.
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