There are still quite a number of people unwilling to seek financial advice because they deem it too expensive.
That’s according to a new survey conducted for Hargreaves Lansdown by Opinium.
The report showed that nearly three in 10 consumers (29%) admitted that they would avoid taking financial advice because, in their mind, it is too expensive.
The survey, which covered 2,000 people, also revealed that women were more likely to say financial advice was too expensive (33%).
The percentage was higher still when it came to the feelings of younger people. Of those surveyed between the ages of 25-34, 37% stated that the cost of interacting with a financial adviser was too high.
Overall, only half of the consumers surveyed (51%) said they would consider taking financial advice.
This is the perception organisations like Lifetime are pushing against.
We strive to make financial guidance, education, support and advice as accessible and inexpensive as possible.
We want people to enjoy the benefits that fully understanding your financial situation, and having a flexible plan in place, can bring.
Such a plan, put together via video and explained in detail by your very own Lifetime coach, is available for free to employees if provided by their employer as part of an agreed financial wellbeing benefit service with Lifetime (https://www.lifetime-fm.com/#employers).
And for direct customers we offer the financial planning video for £149, inclusive of VAT (https://www.lifetime-fm.com/#individuals).
Our responsibility is to guide you through to the right outcomes. What ultimately that means is that you have a financial plan which accurately reflects your situation. We will deliver this and explain it in a way that you fully understand.