Face to face financial advice with a professional independent financial adviser or financial planners costs you not much more than an online service but provides a much more individual and tailored solution to your problems.
In short, good professional face to face financial advice is excellent value for money compared to some of the online services available.
In our case, I would point out that rather than the typical 1 per cent annual charge some advisers may charge, Rowley Turton only charge 0.60% (just 0.10% more than some online services). For this you can receive our Private Wealth Management service; consequently we are even greater value for money.
The typical flesh and blood adviser charged 1 per cent on average in 2016, according to a survey by business consultancy Harrison Spence. Another way to look at it is – what excellent value you human advisers are able to offer for just 0.5 per cent more than a load of data processors, algorithms and electronic decision trees. A robo-adviser won’t hold a client’s hand if they weep because a loved one has passed away suddenly leaving them an inheritance and they are unsure what to do with it. A robo-adviser – or at least the product decision tree type ones I have seen - won’t figure out the maze of the latest government’s tax announcements. A robo-adviser won’t work out whether you would be better off maximising your pension annual allowance