Julian Marr

If you want some advice…hire a financial adviser

Asked earlier this month for his 2017 financial resolution, the newly knighted former pensions minister Sir Steve Webb replied it could be summarised in four words: 'get a financial adviser'. No matter how much assistance you can find online these days, most people would still think twice before setting out to sell their own house or draft their own will. Nor would they be inclined to fit their own boiler or do their own dentistry. And yet, for whatever reason, people tend not to think of financial advice in the same way. I say ‘for whatever reason’ but, historically, two elements have tended to loom pretty large: trust and cost.