How Financial Planning Supports In Unsettling Times

Share

At Finura, we place a strong emphasis on the benefits of, and science behind, behavioural finance as part of our financial planning approach. This is because we believe that by encouraging Clients to gain a better understanding of themselves, better financial planning and investment decisions will result.

In latest edition of Schroders Global Investor Study 2022, it was found that people across the world are increasingly looking to the expertise of professionals to manage their money, with the most knowledgeable* investors in particular turning to financial planners and fund managers to help them navigate the uncertainty, more so than those with lesser investment knowledge.

PEOPLE WHO FOUND ACTIVELY MANAGED FUNDS MORE ATTRACTIVE THAN SIX MONTHS AGO, BY INVESTMENT KNOWLEDGE LEVEL AND OVERALL

Despite their comparatively higher level of investment knowledge, the fact that these people are considering relinquishing some control over their money and looking to professionals to make those decisions on their behalf, speaks to the complexity of investing at present. The survey also revealed that 48% of people sometimes make investment decisions under pressure that they later regret, showing that securing appropriate guidance has never been more important.


If you would like to discuss the above in more detail, or know someone in your network that would benefit from our help and support, please contact us here.

*Knowledge level is self purported. Schroders’ Global Investor Study 2022 surveyed over 23,000 people who invest from 33 locations globally, to find out how people are navigating these troubled conditions. The study took place between 18 February and 7 April 2022, when the economic outlook was considerably less clear.

If you would like to discuss adding sustainable portfolios to your investment strategy, please contact us here.

Articles on this website are offered only for general information and educational purposes. They are not offered as, and do not constitute, financial advice. You should not act or rely on any information contained in this website without first seeking advice from a professional.

Past performance is not a guide to future performance and may not be repeated. Capital is at risk; investments and the income from them can fall as well as rise and investors may not get back the amounts originally invested.

You are now departing from the regulatory site of Finura. Finura is not responsible for the accuracy of the information contained within the linked site.

Source: Schroders.

Share

Other News

ISAs: 25 Years On

When they first appeared, in April 1999, ISAs were seen largely as a rebranding by the then Labour Chancellor, Gordon Brown, of two schemes introduced by his Conservative predecessors: Nigel Lawson (Personal Equity Plans – PEPs) and John Major (Tax Exempt Special Savings Accounts – TESSAs). Since that far off day, ISAs have undergone many changes.

How to talk to teenagers about money

The right financial education can make your children feel more confident about money so, when they are older, they have the knowledge and skills to meet their financial goals.

Podcast: How markets perform when rates are cut

In the latest Investor Download, Duncan Lamont, Head of Strategic Research at Schroders, takes us through what happens in markets when interest rates are cut.