The true value of financial advice

There’s plenty to consider when trying to secure your financial future. Should I pay off the mortgage or put money into super? And what about those renovations? When can I stop work? How do I afford the children’s education?

Good financial advice answers these questions by mapping out your goals and putting a strategy in place to achieve them. While these financial benefits of advice have long been established, can financial advice positively affect the more intangible aspects of our lives? What is the true value of advice?

The value of advice is more than money

The ‘True value of advice’ survey¹ revealed people who receive ongoing financial planning advice experience:

• 13 per cent greater levels of overall personal happiness
• 21 per cent overall increase in peace of mind
• 20 per cent increased feelings of security regarding their day to day finances
• 19 per cent less likelihood to have arguments with loved ones.

While those that don’t receive financial advice were:

• 22 per cent more likely to have their sleep disrupted due to money concerns
• 15 per cent more likely to feel stress and anxiety.
• 11 per cent more likely to feel concerned about their finances