• FLM Wealth Management

Is financial advice right for me?

In the eighth episode of the Free Like Me podcast from FLM Wealth Management, Charlotte Ohlson, Senior Adviser, and James Wilson, Adviser, join host Ben Smith, Senior Adviser. In this episode, the trio discuss the concerns of people seeking financial advice, such as not knowing if it’s right for them, or if they are right for it. The Free Like Me podcast aims to help people just like you navigate the complex world of financial planning.

Ben starts the episode by briefly introducing Charlotte and James, they mention how January tends to be a particularly busy month as people deal with the financial hangover from November and December. He then asks them about the key things that indicate when an individual might need to seek financial advice.

The three then talk about what, in their experience, typically drives people to seek advice in the first place. This includes changes in employment, pension schemes, large tax bills, a change in marital status, if they have elderly parents or simply just wanting to save or invest.

Ben brings up the question of whether an individual needs to have a certain amount of money before working with an adviser is possible, or indeed necessary. They conclude that it’s never too early to seek financial advice and to start becoming more responsible with your finances. It’s worth the discussion, even if just to develop a plan for the future. Also, once a person has decided that seeking out an adviser is a good idea, how they should go about doing that?

This leads them to discuss encouraging younger generations to get involved with their finances, and how parents and grandparents can facilitate that entry point. Charlotte points out that we have financial allowances from birth, so taking advantage of those is always a good idea.

Next, James and Charlotte outline some routes to finding an adviser that’s the right match for the individual and the qualities to look for in your adviser.

Charlotte and James round up the episode by giving their advice for listeners who haven’t yet found their ideal adviser, or are putting off their search. One such piece of advice is to have the first conversation as soon as possible, but there’s plenty more where that came from.

If you’d like to hear more about navigating the world of financial planning and wealth management for people like you, tune in again for our next episode of the Free Like Me podcast.

Intro 0.00 - 0.18

  • Intro to Charlotte and James

  • Key indicators that somebody should seek financial advice

  • What generally leads people to seek out advice

  • How much money do you need to work with a financial adviser?

  • The earlier you get involved, the better

  • How to find the financial adviser that’s right for you

  • Advice for people who haven’t found the right financial adviser yet

Outro 35.07


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