Achieve your financial goals with St. James’s Place

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published 1 February 2023

A good financial advisor is worth their weight in gold and St. James’s Place has 4,600 of them around the country.

A financial advisor can sit down with you to work out your financial goals and then create a personalised plan to help achieve them. That way you can know you are putting your best financial foot forward and will avoid the common investment mistakes that can eat away at your wealth.

If you are a financial novice an advisor from St. James’s Place can help you create a monthly budget that allows you to save, guide you as you start investing or assist you in making this the year you set up a retirement savings plan.

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Experienced investors could benefit from investment advice, help managing your portfolio or estate planning to help you minimise a future inheritance tax bill.

St. James’s Place also offers a retirement planning service where you can get help with choosing the right investments for your pension needs or assisting you to turn your pension pot into a regular income.

As well as helping you build and manage your savings St. James’s Place can also make sure your money, and you, are protected. It offers a variety of insurance products including life insurance, critical illness cover and income protection insurance.

The price of financial advice from St. James’s Place

So, what will all this cost you? St. James’s Place charges for the initial advice and the ongoing advice you receive. Of your initial investment 4.5% will be used to pay for initial advice plus an annual charge of 0.5% for the ongoing advice and the relationship with your adviser.

Research by the Financial Conduct Authority has found that the average price for ongoing financial advice is 0.8%.*

Comparison of firms offering similar services in the UK market

After your initial meeting your financial advisor will draw up a personalised financial plan to help you meet your goals. This will also include details of any costs associated with the investments they are recommending.

The benefits of this model are that you’ll know exactly what your financial advice is costing you as well as the price of your investments meaning you avoid any shocks in the future.

The benefits of financial advice

So, is it worth getting financial advice from St. James’s Place? Absolutely. A study by the International Longevity Centre has found that someone who took financial advice 20 years ago would have seen an average increase in their assets of nearly £48,000 more over the following decade compared to someone who didn’t get advice.

The research** also found that ongoing advice offered tremendous value. People who took financial advice again eight years after their initial financial planning were found to be 61% better off overall than those who only had one meeting with an advisor.

The reasons those people ended up better off is because your financial advisor can help you make informed decisions, avoid costly investment mistakes and ensure you manage your risks. All that can add up to a successful strategy for potentially growing your wealth.

Take the example of one St. James’s Place client. “I was losing money investing on my own and a friend recommended St. James’s Place.” After meeting with a financial advisor, they set up a private pension and ISA account and “now have a very diverse managed portfolio.”

“I now have confidence that my money is working for me, and I don’t have to worry about checking every day.”

For more client reviews of St. James’s Place visit VouchedFor website’

How much do you need to invest with St. James’s Place

You don’t need to have a big savings pot to get assistance from a St. James’s Place financial advisor. You can start investing in an ISA with just £150 a month or a £1,500 lump sum payment.

Your money is safe because it is protected by the Financial Services Compensation Scheme (FSCS). This means if anything happens to St. James’s Place you would get £85,000 of your investments back and 100% of your pension.

With a straightforward charging strategy, thousands of financial advisors around the country and over 30 years’ experience, St. James’s Place can help you make 2023 the year you get your money working for you.