84% of People Say Financial Advice Boosted Their Wellbeing – Here's Why

Luke Turner
6 days ago
3 min read

By Luke Turner, Independent Financial Adviser at Toro Wealth Planning

In today's fast-paced world, financial stress is one of the leading contributors to anxiety and poor mental health. It’s no surprise then, that a recent study by the International Longevity Centre UK (ILC) found 84% of people who speak to a financial adviser report improvements in both their financial situation and mental wellbeing¹.

At Toro Wealth Planning, we believe that quality financial advice goes far beyond numbers on a spreadsheet. It's about peace of mind, confidence, and control over your future.

Why Speaking to a Financial Adviser Makes Such a Difference

Whether you're early in your career, preparing for retirement, or navigating complex financial decisions, working with an independent financial adviser (IFA) can unlock meaningful benefits. Here's how:

1. Improved Confidence and Clarity

Many clients come to us feeling overwhelmed by jargon, products, or uncertainty. With expert guidance, we break things down and provide a clear plan — tailored to your goals. This alone can lead to a noticeable reduction in anxiety and a boost in day-to-day confidence.

Knowing your finances are in order can make a massive difference to your sleep and stress levels.

Having a watertight financial plan can reduce your stress and financial worry.

2. Retire Earlier Than Expected

Financial planning often reveals hidden opportunities. Through tax efficiency, investment strategy, and regular reviews, many clients find they can retire years earlier than they had anticipated — or at least reduce their working hours with confidence.

3. Save Thousands in Tax

Tax rules are complex — and constantly changing. A good financial adviser will help you make the most of allowances, reliefs, and wrappers like ISAs, pensions, and bonds. This could mean saving thousands of pounds over time — money you keep in your pocket.

4. Achieve Better Investment Returns

While no investment is without risk, studies suggest that advised clients see on average 2-3% better annual returns than those who go it alone². This isn’t just about choosing the right funds — it’s about smart asset allocation, regular rebalancing, and avoiding costly emotional decisions during market swings.

5. Discover Opportunities You Didn’t Know Existed

We often hear, "I didn’t even know that was possible!" From business relief schemes for inheritance tax planning, to offshore bonds, venture capital trusts, and sustainable investing — an IFA opens the door to a broader universe of regulated options.

6. Access to Better Currency Conversion Rates and Cross-Border Planning

For clients with international assets or family abroad, we offer access to institutional-level foreign exchange rates and expert cross-border planning. Whether it’s property abroad, pensions in another jurisdiction, or managing currency risk — we can help make the complex, simple.

Expert guidance can help you save hundreds or thousands on the smaller things, like currency conversion for a trip abroad.

The Bottom Line

Good financial advice isn't a cost — it's an investment. One that can pay dividends not just in pounds, but in peace of mind.

If you're ready to strengthen your financial future, speak to an independent adviser at Toro Wealth Planning. Whether it's reducing stress, retiring early, or growing your wealth more effectively, we're here to help you make it happen.

References

International Longevity Centre UK. (2023). What it's worth: Revisiting the value of financial advice. Retrieved from: https://ilcuk.org.uk/ ↩
Vanguard. (2022). Advisor’s Alpha: Quantifying the Value of Advice. ↩