24 Feb 2021
The field of financial planning and investments has taken a huge leap into the world of Fintech and offers convenience and affordability. These days you get apps for everything, investment and savings apps, pension consolidator apps, pension planning apps, fund investment apps, calculators and simulators, and even robo-advisers.
So, the ultimate question is, if we have our financial planning at the touch of a button and at an affordable rate, do we still need financial advisers? Aren’t they only for the super-rich who have huge investment portfolios? Surprisingly, most middle-income professionals prefer speaking to an adviser.
Modern fintech apps are convenient and a great way to supplement your existing portfolio.
If you want to use an app for major investing, then it’s recommended you chat to your adviser first to see if you are getting a good deal, and if the funds offered are diversified and reputable.
Modern technology has made life much easier when it comes to financial planning and compliments traditional financial planning. There is room for both in an individual’s financial portfolio and both have valid benefits.
Ultimately it depends on the individual, whether they hate dealing with financial decisions and want someone else to manage their money, or if they want to be actively involved in their own finances. Many prefer to consult an adviser on major financial matters and D-I-Y the lesser financial matters.
Regardless of your preferences, it is always advisable to consult with an adviser to help get a good foundation in place when it comes to retirement planning. They can custom make a plan of action specifically designed for your individual financial needs and wants. [email protected]
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.