BlackFin Wealth Management Ltd

The latest research from St. James’s Place shows how having a financial plan – and taking expert advice – can help you retain long-term confidence in your financial health.

It found that 65% of people with a financial plan have seen their total wealth increase in the past decade – compared to just 38% of those without a plan*

👉 Remainder: A plan can empower you to remain confident and take control. Advice can direct you towards making informed decisions and achieving your financial goals efficiently. 👈



* Research conducted for St. James’s Place by Opinium, among 6,000 UK adults between 16 and 25 October 2023.

The recent market volatility over the past few weeks is another reminder that investments can fall as well as rise 📉📈

Indeed, if we look back over the past 40 years, there have been some significant intra-year declines. However, it’s worth remembering that, over the long term, the stock market has been the best place to beat inflation and build for future growth.

Past performance is not indicative of future performance.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and the value may fall as well as rise. You may get back less than the amount invested.

Keeping track of your net worth is an important way to ensure your finances are on course to meet your personal goals.

This, in turn, can lead to a sense of financial wellbeing that comes from feeling in control.

But what is 'net worth’?

It boils down to a very simple calculation:
What you 𝒐𝒘𝒏 vs what you 𝒐𝒘𝒆.

It helps you better understand where you currently are on your financial journey and identify where you want to be.

Living longer is a blessing, but the cost of care in our later years can take a toll on our savings and the legacy we hope to leave behind 👵👴

With careful forward planning, you can mitigate the impact that care fees can have on your inheritance.

Have a read of the below article that helps explain how:

🔗 https://www.blackfinwm.co.uk/article/detail/sjpp/will-paying-for-long-term-care-affect-my-inheritance-planning.html 🔗

It's never too early to prepare for the future 🕒

Will paying for long-term care affect my inheritance planning? Many of us find it hard to think about ourselves or our parents needing help as we get older, and when we do start to think about it - perhaps in our 50s or 60s, the cost implications can make us wince.

Financial wellbeing is a lifelong journey📍

It’s defined by our aspirations, expectations and – importantly – knowledge.

Parents & guardians are gatekeepers to that knowledge, so educating children about money is fundamental to securing their financial futures. The younger they are when we start, the better 👨‍👩‍👧‍👦

Here are six important ways to help children learn about money and teach them good financial habits ➡️

Whether you've noticed it or not, you’ve already built a relationship with money...

It influences your career choices, creates certain spending habits, and even influences where you eat out 💼👡🍣

This is why a healthy relationship with money is important, as it positively impacts your interactions with money.

It means you have a better understanding of how money works, which can help you maintain good health, live a life with less stress, and invest in things that will support you in the long term.

A positive relationship leads to financial freedom and wellness and allows you to live life how you want to now without compromising your tomorrow.

The latest research from St. James’s Place shows how having a financial plan – and taking expert advice – can help you retain long-term confidence in your financial health.

It found that 54% of people with a financial plan describe their current financial position as comfortable – compared to just 34% of those who don’t have a plan*

👉 Remainder: A plan can empower you to remain confident and take control. Advice can direct you towards making informed decisions and achieving your financial goals efficiently. 👈



* Research conducted for St. James’s Place by Opinium, among 6,000 UK adults between 16 and 25 October 2023.

Amid all the noise about the current market conditions, one message dominates the narrative: 𝑴𝒂𝒓𝒌𝒆𝒕𝒔 𝒂𝒓𝒆 𝒐𝒏 𝒕𝒉𝒆 𝒃𝒓𝒊𝒏𝒌 𝒐𝒇 𝒕𝒉𝒆 𝒃𝒊𝒈𝒈𝒆𝒔𝒕 𝒄𝒓𝒂𝒔𝒉 𝒔𝒊𝒏𝒄𝒆…

People tend to act with emotion during these periods and move all their funds into cash to safeguard themselves, overlooking the fact that markets fluctuate, going both up AND down 📈📉

History teaches us that whilst a downturn is inevitable, this is the time to stay the course. See chart below ⬇️

It’s about time in the market, not timing the market.

In a bid to rejuvenate the UK property market, the Bank of England has cut interest rates from 5.25% to 5%, marking the first reduction in over four years.

This move is designed to improve economic conditions and foster a dynamic environment for both homebuyers and sellers.

What could this mean for you and your personal finances?
Have a read ➡️➡️➡️



The Partner Practice is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services. The ‘St. James's Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James's Place representatives.

Your home may be repossessed if you do not keep up repayments on your mortgage.

𝑩𝑨𝑵𝑲 𝑶𝑭 𝑬𝑵𝑮𝑳𝑨𝑵𝑫 𝑫𝑹𝑶𝑷 𝑰𝑵𝑻𝑬𝑹𝑬𝑺𝑻 𝑹𝑨𝑻𝑬𝑺 🙌

The first cut to rates since March 2020, from 5.25% ➡️ 5%

Does this mean we’ll see more lenders reduce their mortgage rates?🤞

Keep an eye on our page tomorrow where we’ll be sharing what the cut could mean for you and your personal finances.

https://www.bbc.co.uk/news/live/cx92wjll8k8t

𝑯𝒐𝒘 𝒅𝒐 𝒚𝒐𝒖 𝒇𝒊𝒏𝒅 𝒕𝒉𝒆 𝒓𝒊𝒈𝒉𝒕 𝒃𝒂𝒍𝒂𝒏𝒄𝒆 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 𝒔𝒂𝒗𝒊𝒏𝒈 & 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒇𝒐𝒓 𝒚𝒐𝒖𝒓𝒔𝒆𝒍𝒇?

Well, saving is great for short-term goals, such as an upcoming holiday or a new car, while investing is a great way to grow your wealth over the long term.

The key is to determine what kind of financial goals you have and then decide how much of your money should go towards saving and how much should go towards investing ⛳⛵🏡

If you're just starting out, prioritising saving over investing is a good idea. This will give you a financial cushion in case of an emergency or unexpected expense.

Once you have a sufficient emergency fund, you can start to look into investing. Investing can be a great way to grow your wealth over the long term 🙌

Ultimately, the right balance between saving and investing will depend on your personal financial goals, risk tolerance, and the timeline for achieving your goals ⚖



*The Partner Practice is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services. The ‘St. James's Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James's Place representatives.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.