6 Ways An Independent Financial Planner Works Exactly Like A Personal Trainer
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Using an independent financial planner can be a lot like having your own personal trainer! From goal setting and bespoke planning to personalised guidance, find out how a KDW financial planner can get you financially fit.
1. Goal Setting
Personal Trainer: A personal trainer will set a goal with you for what you want to achieve, from losing weight to building muscle. This allows them to structure the work they do with you so that it is focused on helping you to reach your goal.
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Independent Financial Adviser: A financial adviser will also discuss your goals with you, from planning your retirement to making an investment. Once they understand your goals they will be able to start their research on the financial products which will help you to achieve your goal.
2. Bespoke Planning
Personal Trainer: Your personal trainer will come up with a routine of exercises for you to follow to help you achieve your goal, the routine will be tailored to your ability, lifestyle and goals.
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Independent Financial Adviser: Likewise, a financial adviser will come up with a plan which will help you work towards your goal. They will take into account your attitude to risk, your current income, your saving levels and any dependents.
3. Personalised Guidance
Personal Trainer: As well as coming up with a plan, a personal trainer will teach you how to exercise and train correctly for the best results.
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Independent Financial Adviser: Once your financial adviser has devised your plan and you have decided you would like to proceed with their advice, they will be able to make a start on putting your plan into action. This may be transferring or consolidating your pensions, making an investment or opening a life insurance policy.
4. Motivation
Personal Trainer: Having a personal trainer means you are much more likely to stick to your fitness plan, as your trainer will provide you with support and encouragement while you are achieving your goal.
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Independent Financial Adviser: Like a personal trainer, your financial adviser will help to keep you on track to reaching your goals. At KDW we offer our clients bi-annual reviews to check that their plan are still working effectively for them.
5. Variety
Personal Trainer: One of the benefits of a personal trainer is that they can show you a wide variety of exercises. They can custom make fitness plans based on your likes, dislikes, strengths and weaknesses.
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Independent Financial Planner: Independent financial advisers have access to the whole of market, which means they can search numerous providers and lenders for a financial product which truly suits your needs.
6. Efficiency
Personal Trainer: A personal trainer will make sure that you are exercising in the most efficient way to burn fat or build muscle in the shortest time, ultimately maximising the time you spend exercising.
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Independent Financial Adviser: A financial adviser will also save you time as they understand and work in the financial markets every day, meaning they can create a financial plan for you a lot quicker than if you were starting to research the different products yourself, from scratch.