Financial Advice, Planning or Coaching?
There are different ways to get help with money, and each serves a different purpose. This page will help you choose the right route.
Financial Advice, Planning or Coaching?
Not every money question needs the same kind of help.
Sometimes you need space to understand the beliefs and habits shaping your relationship with money. Sometimes you need a clearer plan for the life ahead. And sometimes you need regulated advice about a specific pension, investment, protection policy or financial product.
This page will help you choose the right route.
You may need more than one kind of support.
Coaching can help you understand the patterns beneath your decisions.
Planning can help you create direction.
Regulated advice can help when you need a recommendation about a specific financial product.
There is no one “right” route. The right support depends on where you are now and what you need next.
The Power of Blending Solutions
Different money questions need different kinds of support.
Sometimes the most powerful approach is not choosing between coaching, strategic planning or regulated advice, but understanding how each can support you at the right point in your journey. Blending solutions allows you to work on the beliefs beneath your decisions, create a clearer direction for the future and access specialist advice when a personal recommendation is needed.
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Financial Coaching is a great place to start when you what to understand the patterns behind your behaviours, the habits and the unconscious beliefs that influence your relationship with money.
The aim is to shed a light on all that doesn’t serve you, in order to identify and dispel self-limiting beliefs and anything else that is blocking the flow of money or sabotaging your finances.
Financial Coaching, gives you the confidence to help you make choices that feel more aligned to your values, and with the life you want to build.
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Financial Planning is where we start to go that little bit deeper, working through the numbers, formulating plans, and worked with some grounded financial planning solutions.
Planning is great for gaining perspective, setting goals and getting clear about our direction of travel.
Planning-style coaching may be right for you if you are thinking about:
Retirement or reducing your workload
A career change, business transition or life reset
Creating more freedom and flexibility
Your wider goals, priorities and future lifestyle
This work is educational and strategic in nature. It is designed to help you understand your financial position, clarify your priorities and explore the options available to you. It does not include personal recommendations, product selection or regulated financial advice.
However, the depth of the work we do may identify areas where regulated financial advice would be beneficial. Where appropriate, this can help provide the context and rationale for moving into regulated financial advice.
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When you need to take action:
set up a pension
start investing
solve a tax problem
take out a life cover plan
Plan around inheritance, trusts or estate planning
Arrange life insurance, income protection or business protection
Get ready for retirement
You will need financial advice.
There are two main ways financial advice can be provided: restricted or independent.
Restricted advisers are limited in the scope of the advice they can provide. This may mean they advise on a selected range of products, providers or areas of the market.
As an Independent Financial Adviser, I provide unbiased advice based on a comprehensive and fair analysis of the relevant market. This means that any recommendation is shaped around your individual circumstances, objectives and needs, rather than being limited to a pre-selected panel of products or providers.
My regulated financial advice service is delivered through Seven Stars Private Wealth, an Appointed Representative of 2plan wealth management Ltd.
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For specialist NHS pension education, retirement guidance and report work, visit Seven Medical.
This may be the right route if you are navigating Annual Allowance, McCloud, Scheme Pays, partial retirement, divorce or retirement options within the NHS Pension Scheme.