Jul 22 2008
A finance expert has commented on the advantages of getting professional financial advice for people trying to save.
Director of ADDIDI Wealth, Anna Sofat, said financial planners can offer advice on various aspects of saving money, for example if your chosen bank is currently in a strong position.
"You're likely to get a balanced and unbiased view, rather than a reaction to things. That's a distinct bonus," she said.
This may benefit people considering saving for children by using investment trusts, cash ISAs or school fee plans.
Ms Sofat also suggested planning for the future by setting clear goals and working out how to achieve them.
"[If] you just manage your money ad-hoc, then whatever your life goals, your money is not in mind with achieving those," she warned.
She added more people appear to have been seeking advice in recent weeks.
According to Moneyfacts, taking out a £3,000 cash ISA this tax year would accrue an average of £164.51 interest.
