I was recently asked this question by a prospective new client and thought it would be useful to post my response here.

1. Do you really need Financial Advice?

If you know what you want and feel you can easily do it yourself, then maybe you are not seeking an ‘adviser’.

Financial advisers are not order takers. Based on our knowledge, we recommend financial products that we know are best suited to you after assessing your situation and after a thorough fact-find. If you already know exactly what you want and how to get it, perhaps you are not seeking advice but execution in which case it is questionable whether you need an ‘adviser’.

2. When do you need an IFA? When is it financial advice?

Here are a few examples that that I can think of when you may really need an IFA:

• If you’re looking to transfer a pension and you don’t know what to do next
• If you need a mortgage but have no idea how to navigate the various choices available or where to find the best rates
• If you are interested in investing but don’t know how to set up a good portfolio or define the risk you are comfortable to take
• If you need to speak to someone about the level of life insurance you should take, then find the cheapest plan
• If you are looking for a critical illness policy and you are concerned about having conditions that run in the family, such as diabetes and would like help to pre-screen the most suitable providers for you
• If you want to invest an amount of money but you are not clear about how to construct the best suited portfolio

3. Is it your area of competence?

Occasionally clients understand clearly what they need, however, this isn’t something they deal with day in, day out. Most people lead busy lives earning a living, they do tend not read the financial pages or care about the small details of capital gains tax. So, they may miss out on crucial, essential steps in financial planning. I often see clients fail to put a life insurance policy in trust or not placing their investments in ISA’s. A competent, good IFA will do more than create a great financial plan but also find the most effective way for you to achieve your goals. 

Picture this, if you were in a plane that was doomed to crash, would you rather the pilot have 20 years of experience? Or would you prefer an inexperienced one with a manual he bought from the internet?

DIY can only take you so far, but when the panic sets in, it is very useful to have a calm professional who can talk you through making choices that are right for you in the long run.

 4. Adding Longer Term Value Is Another Reason Why You Need An IFA

I strongly believe that trust with an Financial advisor Leeds takes a long time to build. I have found that the clients who trust me most have met with me several times over the years. As I get to know my clients better, I add more value in various ways often challenging their psychology and some of their limiting beliefs around money.

In summary, if you want to work with a professional in the field of financial planning, take your time to find an IFA that works well for you if that is what you really need. It can lead to a great long-term relationship that truly helps you over time.

Most clients don’t really take action unless they are inspired to do so; in my honest opinion, a good IFA helps the client make good decisions and take great action.

Refinancing a home loan is a type of credit that allows the bank customer to reduce monthly payments, extend payment terms and lower interest rates by granting their property as a payment guarantee. There are several reasons why you may select to do so: to obtain lower interest rates, to shorten the payment term, to move from a variable rate to a fixed rate or to consolidate a debt. However, if you have any doubt, and want to know “should I refinance the mortgage loan,” this article is for you.

Mortgage refinancing in financial instability –

In times of economic instability, alternatives must be found to settle debts. One of them is the possibility of taking out loans by placing the house as a guarantee: the famous mortgage or real estate refinancing. As things don’t always go according to plan, there is a risk that the owner will lose his job and need to renegotiate his debt.

One of the simplest ways to pay less on each monthly payment and refinance the home mortgage is to extend the term of the loan. As the number of installments increases, the more likely it is that the monthly amount will be lower. This may make the property value a little higher, but it is a short-term solution. It is highly recommended to use Best Mortgage refinance calculator to avoid any future inconvenience.

Default can ruin mortgage financing –

In both situations, the ideal is to always pay on time, either in more installments or with lower interest rates. The bank usually analyzes your home’s mortgage status to check for default, overdue or late payments. If this analysis gives confidence to the banking institution, it can facilitate the refinancing of your home mortgage. Maintaining what was hired is always the right thing for times of difficulty. Generally, banks that do refinance charge lower interest rates than personal loan or overdraft fees that do not have collateral.

It is necessary to know your expenses and money surplus per month. It is recommended that the customer use Mortgage Refinance Calculator to get an idea of ​​the refinancing values. After that, the customer must go to the bank with the necessary documentation, both personal and property. As soon as you request the service, you go through the credit analysis and the bank is aware of the maximum amount you can release for a loan. It is at this point that the customer establishes how much to request and receives the money in the account of the same bank in a few days.

Undoubtedly, the future prospect of a finTech company trading on cryptocurrency is profitable in the current economic scenario. Jacob Coulsen, the COO of Prance Gold Holdings, who joined the company with an experience of more than 10 years, is determined to contribute a safe and dynamic platform to the end investors in the company’s trading. The Company is lead by experts in various fin-tech aspects and has a vision to encourage the investors on profitable trading.

The cryptocurrency market structure

The most volatile market of cryptocurrency cannot be predicted until and unless it follows some automated algorithm. The Prance Gold Holdings has come up with such a technological stance that hikes up the probability to identify the trading pairs among thousands of it. Technically, this pair stands for few seconds within which the investors can pull out the maximized profit. The safe triangular arbitrage strategy calculates the profit even before the execution is done and thus how Prance Gold Algorithm bridges the success story for the investors.

Ultra short span for investment planning

How risk free trading can takes place, the Prance Gold Algorithm is the best method to answer it. According to the company the investment is ultra-short, ranging from 7 hours to 180 days, during which the non-working cryptocurrency are placed into high performing trading platform. Prance Gold Holdings releasing the commodities by January at 12.5% interest will add value to the volatility and return. In a simple process you can register yourself through the link https://cutt.ly/SdkVMLf to get introduced with the company. Also, profile link https://cutt.ly/ndkVE1L and plan https://cutt.ly/yyOUnN4 are given for further information about the offerings. 

Systematic approach of the algorithm

Even though there is unprecedented disruption in the market behavior, the arbitrage allows uninterrupted trading.  Prance Gold Algorithm is so technically advanced and glitch free that it does not follow the traditional market trend; rather it creates a new series to mark up with the biggest exchanges across the world. 

The process is simple; it’s just like buying stock or securities during the trading at lower price and selling it off, before the market price alters. The major work in the entire process is to identify or analysis when or where the changes might take place. The Algorithm here works on that very specific thing that changes every second in order to find out the best trend.

Prance Gold Holdings ensures the traders or investors are on a better platform to operate the trading process and earn out the profit more frequently. According to the CEO of the company, Andre Gerald, the mass market holding the cryptocurrencies can maximize the return, once a good entry point is achieved. 

Risk free trading for cryptocurrency holders 

The price abruptly changes within seconds and constant monitoring is the best practice. The Algorithm does it on for the investors across various markets or major exchanges. The platform allows live updates of the changes and does a well strategically implemented data analysis for the cryptocurrency traders. Once the manual interference is removed from the entire process, the trading becomes risk-free and assures success!  Prance Gold Holdings is devoted to work on that very aspect, i.e. allowing the investors to get the utmost trust for their investment. So, going online with hands on support from prestigious finTech organization can be proven a successful method to engrave your name in this field. Register today yourself as an investor with the link https://cutt.ly/SdkVMLf.

Owning a business is a great feeling. You own something that you developed. You found it. You kept working hard for it for years. And, now you are a proud owner.

Taking care of a business is like taking care of a baby. You have to work hard constantly day and night to help it grow. A business cannot grow without the consistent efforts of its owners for years.

Time to say goodbye to your business

You cannot always stay young and take care of your business. Once you grow old you cannot keep working hard like you used to do when you were young.

Finally, the moment arrives when you have to bid farewell to your business.

What options are available for your business after you retire?

There are not many options for small businesses once their owners retire. You can either:

• Transfer it to your family member or your legal heir.
• Or, you can sell it.

Which option you pick depends on your situation. For instance, a person who does not have a kid or a close family member would prefer to sell the business. It helps the person to live a comfortable life in the after years.

Is selling your business easy?

Finding buyers for a well-established business is not that hard. You may even find the ones who are willing to pay the quoted price. Some may even go a bit higher to allure you. However, finding a buyer and selling your business is not the hard part.

The hard part is to take care of the taxes and calculating the actual value of it. What if you sell your business at a very high price? What if you sell it to a reasonable price but taxes took away most of your earnings? What are the possible options for you in this scenario?

Hire a business broker or use services of a business-selling platform

If you want to evaluate the actual value of your business, you must hire a business broker. However, you will face the similar situation as paying taxes here. A business broker might help you save money on taxes but then you will be paying brokerage.

Another option is to use online business selling platforms like ExitAdviser.

Benefits of using the online business selling platform

An online business selling platform will help you find the correct value of your company. They will ask you to input several information like your last year’s profit, number of sales each month, etc. Based on these statistics, they will provide you a valuation report.

Another major advantage of using these online business platforms is that most of them do not charge any brokerage fee. You are not going to pay brokerage on an online platform. It will help you save a lot of money.

Using an online business selling platform will also help you find your buyers from all over the state. In case of an online business, you can find buyers from all over the world.

There will be tons of options and you can pick the one that suits you best.