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It is a long-standing tradition to welcome in the New Year with a host of resolutions, customarily, set with the intention of bettering ourselves. With enough time before Tax Year-End, it is also the ideal moment to review your current financial position, the long-term goals you have set yourself and the challenges you must overcome to reach them. So in light of this, we ask you to take a couple of minutes to reflect on the questions below, and if you answer ‘no’ to any of them, now is the time to do something about it.

1.       Are you aware of the elements needed for a successful financial plan and have you got them in place?

2.      Have you thought in any detail about your ‘life plan’ – like any good business plan, you need quantifiable targets -have you got yours?

3.      Have you identified the challenges currently standing between you and your goals and do you know how you will overcome them?

4.      Are you maximising the opportunities available to you, especially in light of Tax Year-End?

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If you are doing your job right, you should not also have time to do ours and the fund managers too. With the financial world and your circumstances constantly evolving, the most important step you can take this New Year is to invest a small amount of time in your future and work with a financial adviser.  

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‍So, if you aren’t already working with us, why not?

Our role is to reduce your work-load and in turn provide you with peace of mind that you have someone acting in the best interests of you and your loved-ones and that you are on the right path. We help you navigate the right questions you should be asking yourself to give you the best potential to succeed. As well as keeping you on track, giving you the confidence to invest, and ensuring you avoid scams and are using the right tax wrappers, working with an adviser has tangible financial benefits:

On average, a person using a financial adviser is £47,000 better off when they retire⁽¹⁾, and the value of advice has been calculated to amount to an additional 2% per year on returns.⁽²⁾

So take action and scan the QR code or use the details below to book a 30-minuteinitial consultation. Together we can:

1.   Build a plan;

2.  Review it regularly to ensure you remain on track; and

3.  Achieve your financial goals.

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Tel: 01962 353153

Email: enquiries-westgate@sjpp.co.uk

Web: www.westgatewealth.co.uk/specialist-advice/the-bar

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The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

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_{References: pensions and financial assets once fees and charges had been taken into account in 2014/15 (What it’s worth –revisiting the value of financial advice, ILC, November 2019). (2)According to independent analysis by Numis Securities (September 2020) based on comparing annual returns for St. James’s Place clients against those who managed their own investments. The research, which covered all clients’ SJP pension investments, found that between June 2010 and June 2020 the average growth achieved was 7.7%pa. This means £100,000 invested at the start of the period would be worth £210,000 by the end. By comparison, the same exercise for pension clients of a large firm where investors usually make their own investment decisions achieved an average of 5.5% pa over the same period. So on average £100,000 invested by a non-advised client grew to £171,000 over the ten years. This analysis didn’t include any tax benefits from advice and so Numis’ researchers concluded that the main difference between the two was the ‘greater long-term discipline and lower emotion an adviser provides’.}

_{Westgate Wealth Management Limited is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group's wealth management products and services, more details of which are set out on the group's websitewww.sjp.co.uk/products. The St. James's Place Partnership and the titles 'Partner' and 'Partner Practice' are marketing terms used to describe St. James's Place representatives.}

_{SJP Approved 06/01/2025}

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