Financial advice is as much about the relationship between you and your adviser as it is about your money. Your adviser will get to know you, explore your current financial situation, learn about your aspirations and look for ways to help you achieve your goals.
Advisers sometimes use the kitchen analogy to explain the different ways people save:
- Pantry: the ‘easy-to-get to’ cash for things like emergencies, hobbies and repairs.
- Fridge: short-to-medium term savings for things like travelling, weddings and new cars.
- Freezer: long-term saving for things like pensions, inheritance, second homes and care costs.