What's the role of a financial adviser..?

Benefit by using a financial planner and investing for the long-term

Monday 14 October, 2019

Our Financial Adviser for North London, Cheshunt, Waltham Abbey and Hertford, Tracy Dove explains why investing is different to trading and how you could benefit by using the services of a financial planner.

Becoming a Financial Planner has taken me years of hard work and dedication. It all started from my love of economics and investing at the tender age of 16. Eleven years on and my love for finance is as strong as ever because every day I am learning something new. 

What is the role of a financial adviser?

As a financial planner I look into every aspect of your life, so I offer financial advice on mortgages, protection, pensions and investing. Today I want to focus on investing to explain what is actually meant by the term ‘investing’ and how it differs to ‘trading’.

How does investing differ to trading?

Investing is not a short-term get rich quick scheme. It is a long-term strategy to help your money grow at a better rate than inflation and our aim when offering financial planning is to invest your money to make a greater long-term return than a savings account. 

Investing is not about trading in and out of stocks and speculating on prices, it is about investing in quality stocks and holding them for the future (Warren Buffet). Warren Buffet once said: ‘It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.’

Therefore, if the greatest investor in the world is saying don’t speculate and only invest in companies that have an appropriate structure and a good company standing then who are we to argue. As a result, investing is about ignoring daily market movements as you cannot control market factors, so don’t raise your stress levels by constantly watching the stock market because prices will fluctuate. However, over the long-term (at least 5 years) by investing we hope that you will benefit from the growth of familiar companies e.g. Apple, Coca-Cola, Amazon, Facebook, Google etc.

Vishal Gulrajani Financial Planner in North London, Goffs Oak, Cheshunt, Waltham Abbey, Hertford & Hertfordshire said:

How investing through Openwork benefits our clients

‘As I explained Investing is totally different to trading and is about long-term growth which is what we focus on as financial planners. At a minimum we arrange yearly financial reviews with our clients to analyse their portfolio and track its progress compared to the client’s financial goals and aspirations. Being part of a well-established network like Openwork allows us to invest in different funds and portfolios our clients wouldn’t have direct access to. This is because investing directly into these funds usually requires clients to invest substantial amounts of money which is not a requirement through Thomas Oliver. Indeed, some of our funds are actually exclusive to Openwork. At Openwork we have an investment committee that reviews all the funds and products to make sure the right funds and companies are being selected and available for us to use. This is why many consumers prefer to come to us than invest direct. Thomas Oliver uses a restricted panel, so we hope to avoid you investing in overpriced companies with limited growth prospects.’

Tracy Dove Financial Adviser in North London, Cheshunt, Basildon, Waltham Abbey, Hertford & Hertfordshire continued:

Overall, I wanted to give you a background and understanding of what Investing actually is and how it differs from trading. Trading is trying to make money quickly which often means taking more risks with your money.  Investing is about long-term growth and taking a common-sense approach by putting money into good value funds. If you are tired of seeing your money eroded by inflation in bank accounts paying relatively low interest rates and want the opportunity of receiving higher long-term returns, then please contact our financial planning team to organise a free initial consultation that is provided at our expense. For more information call Thomas Oliver on 01707 872000.’

The value of your investments can go down as well as up, so you could get back less than you invested’

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