How Financial Planning Supports In Unsettling Times

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.

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Source: Schroders.